Alphabet Inc. (NASDAQ:GOOGL) Stock Position Raised by waypoint wealth counsel

waypoint wealth counsel boosted its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 16.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,502 shares of the information services provider’s stock after acquiring an additional 911 shares during the period. Alphabet comprises about 0.7% of waypoint wealth counsel’s investment portfolio, making the stock its 29th biggest holding. waypoint wealth counsel’s holdings in Alphabet were worth $1,078,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Scarborough Advisors LLC grew its position in Alphabet by 6.5% in the 4th quarter. Scarborough Advisors LLC now owns 2,726 shares of the information services provider’s stock worth $381,000 after purchasing an additional 167 shares during the last quarter. Fisher Asset Management LLC increased its position in Alphabet by 3.3% in the 4th quarter. Fisher Asset Management LLC now owns 45,178,075 shares of the information services provider’s stock valued at $6,310,925,000 after acquiring an additional 1,429,261 shares during the period. Alamar Capital Management LLC raised its stake in Alphabet by 14.5% during the 4th quarter. Alamar Capital Management LLC now owns 3,160 shares of the information services provider’s stock valued at $441,000 after acquiring an additional 400 shares in the last quarter. Willner & Heller LLC acquired a new position in Alphabet during the 4th quarter worth $1,513,000. Finally, SageView Advisory Group LLC grew its stake in shares of Alphabet by 55.3% in the fourth quarter. SageView Advisory Group LLC now owns 48,893 shares of the information services provider’s stock worth $7,405,000 after purchasing an additional 17,419 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Trading Up 1.1 %

Shares of NASDAQ GOOGL opened at $164.96 on Tuesday. The business has a 50 day simple moving average of $161.49 and a 200 day simple moving average of $167.96. Alphabet Inc. has a 52 week low of $120.21 and a 52 week high of $191.75. The stock has a market cap of $2.04 trillion, a price-to-earnings ratio of 25.30, a PEG ratio of 1.21 and a beta of 1.04. 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 announced its quarterly earnings results 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 company had revenue of $84.74 billion for the quarter, compared to analyst estimates of $70.60 billion. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. During the same quarter in the prior year, the business posted $1.44 EPS. On average, research analysts predict that Alphabet Inc. will post 7.64 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 9th were issued a dividend of $0.20 per share. The ex-dividend date was Monday, September 9th. This represents a $0.80 annualized dividend and a yield of 0.48%. Alphabet’s dividend payout ratio (DPR) is currently 12.27%.

Analyst Ratings Changes

GOOGL has been the subject of several research analyst reports. Royal Bank of Canada upped their price objective on shares of Alphabet from $200.00 to $204.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. DA Davidson assumed coverage on shares of Alphabet in a report on Tuesday, September 10th. They issued a “neutral” rating and a $170.00 price objective for the company. Pivotal Research upgraded Alphabet to a “strong-buy” rating in a research report on Tuesday, October 1st. JMP Securities reiterated a “market outperform” rating and set a $200.00 price target on shares of Alphabet in a research report on Wednesday, September 25th. Finally, TD Securities upped their price objective on Alphabet from $200.00 to $220.00 in a report on Wednesday, July 10th. Eight research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $201.13.

Insiders Place Their Bets

In related news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $168.00, for a total value of $114,576.00. Following the transaction, the chief accounting officer now directly owns 31,334 shares of the company’s stock, valued at approximately $5,264,112. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Alphabet news, SVP Prabhakar Raghavan sold 34,257 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the completion of the sale, the senior vice president now directly owns 312,210 shares in the company, valued at $50,765,346. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $168.00, for a total value of $114,576.00. Following the transaction, the chief accounting officer now directly owns 31,334 shares of the company’s stock, valued at $5,264,112. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 216,092 shares of company stock valued at $35,644,136 over the last quarter. Insiders own 11.55% of the company’s stock.

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.