Aldebaran Financial Inc. Acquires 266 Shares of Alphabet Inc. (NASDAQ:GOOG)

Aldebaran Financial Inc. lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,966 shares of the information services provider’s stock after purchasing an additional 266 shares during the period. Alphabet comprises about 2.5% of Aldebaran Financial Inc.’s investment portfolio, making the stock its 13th biggest position. Aldebaran Financial Inc.’s holdings in Alphabet were worth $1,828,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in GOOG. 3Chopt Investment Partners LLC lifted its position in Alphabet by 5.0% in the second quarter. 3Chopt Investment Partners LLC now owns 49,158 shares of the information services provider’s stock valued at $9,017,000 after purchasing an additional 2,358 shares during the last quarter. SPC Financial Inc. bought a new stake in Alphabet during the 2nd quarter valued at $287,000. Granite Bay Wealth Management LLC raised its holdings in Alphabet by 8.4% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 28,585 shares of the information services provider’s stock valued at $5,243,000 after buying an additional 2,219 shares during the last quarter. Ted Buchan & Co purchased a new stake in Alphabet during the 2nd quarter valued at $2,930,000. Finally, Advisory Alpha LLC grew its holdings in Alphabet by 9.2% in the 2nd quarter. Advisory Alpha LLC now owns 15,536 shares of the information services provider’s stock worth $2,850,000 after acquiring an additional 1,310 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insider Activity at Alphabet

In other Alphabet news, SVP Prabhakar Raghavan sold 34,257 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $162.60, for a total value of $5,570,188.20. Following the sale, the senior vice president now directly owns 312,210 shares of the company’s stock, valued at $50,765,346. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider John Kent Walker sold 21,467 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $160.35, for a total transaction of $3,442,233.45. Following the completion of the sale, the insider now owns 39,334 shares of the company’s stock, valued at $6,307,206.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Prabhakar Raghavan sold 34,257 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $162.60, for a total value of $5,570,188.20. Following the completion of the transaction, the senior vice president now directly owns 312,210 shares in the company, valued at $50,765,346. The disclosure for this sale can be found here. Insiders sold a total of 216,225 shares of company stock valued at $36,134,681 in the last 90 days. Corporate insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

Shares of Alphabet stock opened at $167.19 on Tuesday. Alphabet Inc. has a 12 month low of $121.46 and a 12 month high of $193.31. The firm has a market capitalization of $2.07 trillion, a P/E ratio of 25.64, a P/E/G ratio of 1.21 and a beta of 1.04. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04. The business has a fifty day simple moving average of $164.02 and a two-hundred day simple moving average of $168.32.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.85 by $0.04. The business had revenue of $84.74 billion for the quarter, compared to analyst estimates of $84.22 billion. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. Alphabet’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.44 earnings per share. On average, equities analysts forecast that Alphabet Inc. will post 7.63 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business 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 of this dividend was Monday, September 9th. This represents a $0.80 annualized dividend and a dividend yield of 0.48%. Alphabet’s payout ratio is currently 12.27%.

Analysts Set New Price Targets

Several analysts recently issued reports on GOOG shares. DA Davidson raised Alphabet to a “hold” rating in a research note on Tuesday, September 10th. Cantor Fitzgerald upgraded Alphabet to a “hold” rating in a research report on Thursday, September 5th. TD Cowen upped their target price on Alphabet from $200.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Wolfe Research upgraded shares of Alphabet to a “strong-buy” rating in a report on Tuesday, July 16th. Finally, Rosenblatt Securities lowered shares of Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price objective for the company. in a report on Friday, June 28th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.29.

Alphabet Profile

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.