Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Quent Capital LLC

Quent Capital LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 3.0% during the 3rd quarter, Holdings Channel reports. The fund owned 32,954 shares of the information services provider’s stock after purchasing an additional 969 shares during the period. Quent Capital LLC’s holdings in Alphabet were worth $5,458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in GOOGL. Scarborough Advisors LLC raised its position in Alphabet by 6.5% during the fourth quarter. Scarborough Advisors LLC now owns 2,726 shares of the information services provider’s stock valued at $381,000 after acquiring an additional 167 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Alphabet by 3.3% during 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 purchasing an additional 1,429,261 shares in the last quarter. Alamar Capital Management LLC lifted its stake in shares of Alphabet by 14.5% in the 4th quarter. Alamar Capital Management LLC now owns 3,160 shares of the information services provider’s stock valued at $441,000 after purchasing an additional 400 shares during the period. Willner & Heller LLC purchased a new stake in Alphabet during the fourth quarter worth $1,513,000. Finally, SageView Advisory Group LLC grew its position in Alphabet by 55.3% during the fourth quarter. SageView Advisory Group LLC now owns 48,893 shares of the information services provider’s stock valued at $7,405,000 after buying an additional 17,419 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In related news, CAO Amie Thuener O’toole sold 2,835 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $151.53, for a total value of $429,587.55. Following the sale, the chief accounting officer now owns 29,182 shares of the company’s stock, valued at approximately $4,421,948.46. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $182.84, for a total transaction of $4,113,900.00. Following the completion of the transaction, the chief executive officer now directly owns 2,204,885 shares in the company, valued at approximately $403,141,173.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 2,835 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $151.53, for a total value of $429,587.55. Following the completion of the sale, the chief accounting officer now owns 29,182 shares in the company, valued at approximately $4,421,948.46. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 216,092 shares of company stock worth $35,644,136 over the last ninety days. Company insiders own 11.55% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $164.96 on Tuesday. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a fifty-two week low of $120.21 and a fifty-two week high of $191.75. The business has a 50 day moving average price of $161.49 and a two-hundred day moving average price of $167.96. The firm has a market cap of $2.04 trillion, a PE ratio of 25.30, a price-to-earnings-growth ratio of 1.21 and a beta of 1.04.

Alphabet (NASDAQ:GOOGL) last issued its 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 during the quarter, compared to analyst estimates of $70.60 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. During the same quarter last year, the firm earned $1.44 EPS. Sell-side analysts expect that Alphabet Inc. will post 7.64 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 9th were issued 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 0.48%. Alphabet’s dividend payout ratio is currently 12.27%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Piper Sandler reiterated an “overweight” rating and issued a $200.00 price objective on shares of Alphabet in a research report on Monday, September 30th. Roth Mkm reiterated a “buy” rating and set a $206.00 price target on shares of Alphabet in a research report on Thursday, August 29th. TD Securities boosted their price objective on Alphabet from $200.00 to $220.00 in a research report on Wednesday, July 10th. The Goldman Sachs Group decreased their target price on Alphabet from $217.00 to $208.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Argus boosted their price target on shares of Alphabet from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Eight research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $201.13.

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.