Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Werba Rubin Papier Wealth Management

Werba Rubin Papier Wealth Management raised its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 30.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,717 shares of the information services provider’s stock after buying an additional 2,968 shares during the quarter. Werba Rubin Papier Wealth Management’s holdings in Alphabet were worth $2,316,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of GOOGL. TrinityPoint Wealth LLC boosted its holdings in shares of Alphabet by 1.6% during the fourth quarter. TrinityPoint Wealth LLC now owns 59,125 shares of the information services provider’s stock worth $8,259,000 after purchasing an additional 907 shares during the last quarter. MainStreet Investment Advisors LLC boosted its holdings in shares of Alphabet by 4.0% during the fourth quarter. MainStreet Investment Advisors LLC now owns 148,129 shares of the information services provider’s stock worth $20,692,000 after purchasing an additional 5,730 shares during the last quarter. Brady Family Wealth LLC boosted its holdings in shares of Alphabet by 8.9% during the fourth quarter. Brady Family Wealth LLC now owns 65,433 shares of the information services provider’s stock worth $9,140,000 after purchasing an additional 5,367 shares during the last quarter. CBIZ Investment Advisory Services LLC acquired a new stake in shares of Alphabet during the fourth quarter worth $272,000. Finally, PineStone Asset Management Inc. boosted its holdings in shares of Alphabet by 22.6% during the fourth quarter. PineStone Asset Management Inc. now owns 5,070,862 shares of the information services provider’s stock worth $708,349,000 after purchasing an additional 934,817 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Stock Up 0.9 %

NASDAQ:GOOGL opened at $163.59 on Monday. The company has a market capitalization of $2.02 trillion, a price-to-earnings ratio of 25.09, a price-to-earnings-growth ratio of 1.13 and a beta of 1.04. Alphabet Inc. has a one year low of $120.21 and a one year high of $191.75. The stock has a 50-day simple moving average of $164.72 and a 200 day simple moving average of $165.79. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Tuesday, July 23rd. The information services provider reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.04. The business had revenue of $84.74 billion during the quarter, compared to the consensus estimate of $70.60 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. During the same period last year, the firm earned $1.44 earnings per share. Sell-side analysts predict that Alphabet Inc. will post 7.64 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 9th were paid a $0.20 dividend. The ex-dividend date was Monday, September 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.49%. Alphabet’s dividend payout ratio (DPR) is 12.27%.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $160.63, for a total value of $3,614,175.00. Following the completion of the transaction, the chief executive officer now directly owns 2,114,885 shares in the company, valued at $339,713,977.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Alphabet news, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $185.85, for a total value of $278,775.00. Following the completion of the transaction, the director now directly owns 30,824 shares in the company, valued at $5,728,640.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $160.63, for a total value of $3,614,175.00. Following the completion of the transaction, the chief executive officer now owns 2,114,885 shares of the company’s stock, valued at $339,713,977.55. The disclosure for this sale can be found here. Over the last three months, insiders sold 180,167 shares of company stock worth $29,762,606. Corporate insiders own 11.55% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Needham & Company LLC restated a “buy” rating and set a $210.00 price objective on shares of Alphabet in a report on Friday, August 30th. Loop Capital restated a “hold” rating and set a $170.00 price objective on shares of Alphabet in a report on Wednesday, July 3rd. UBS Group lifted their target price on Alphabet from $200.00 to $204.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. JMP Securities reiterated a “market outperform” rating and issued a $200.00 target price on shares of Alphabet in a report on Monday, September 16th. Finally, Bank of America lifted their target price on Alphabet from $200.00 to $206.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Eight analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $201.08.

About Alphabet

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.