Northwest Investment Counselors LLC Acquires 147 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Northwest Investment Counselors LLC raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.8% during the third quarter, HoldingsChannel reports. The fund owned 17,742 shares of the information services provider’s stock after purchasing an additional 147 shares during the quarter. Northwest Investment Counselors LLC’s holdings in Alphabet were worth $2,943,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. River Street Advisors LLC grew its holdings in Alphabet by 9.0% during the 1st quarter. River Street Advisors LLC now owns 14,652 shares of the information services provider’s stock valued at $2,211,000 after buying an additional 1,208 shares in the last quarter. Richardson Capital Management LLC boosted its position in shares of Alphabet by 87.5% in the first quarter. Richardson Capital Management LLC now owns 300 shares of the information services provider’s stock valued at $45,000 after acquiring an additional 140 shares during the period. Cornerstone Wealth Group LLC boosted its position in shares of Alphabet by 60.5% in the first quarter. Cornerstone Wealth Group LLC now owns 62,799 shares of the information services provider’s stock valued at $9,478,000 after acquiring an additional 23,684 shares during the period. Avalon Capital Management grew its stake in Alphabet by 10.0% during the first quarter. Avalon Capital Management now owns 193,631 shares of the information services provider’s stock valued at $29,225,000 after acquiring an additional 17,540 shares in the last quarter. Finally, Gradient Capital Advisors LLC lifted its stake in Alphabet by 1.4% in the 1st quarter. Gradient Capital Advisors LLC now owns 21,245 shares of the information services provider’s stock worth $3,207,000 after purchasing an additional 290 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Analysts Set New Price Targets

GOOGL has been the subject of a number of recent analyst reports. UBS Group boosted their price target on shares of Alphabet from $200.00 to $204.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. China Renaissance upgraded Alphabet from a “hold” rating to a “buy” rating in a research note on Thursday. Guggenheim lifted their price target on Alphabet from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Argus upped their price objective on shares of Alphabet from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Finally, Truist Financial raised their target price on shares of Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday. Seven analysts have rated the stock with a hold rating, thirty-one have given a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus price target of $205.51.

Alphabet Stock Down 1.9 %

Shares of Alphabet stock opened at $171.11 on Friday. Alphabet Inc. has a 1 year low of $122.68 and a 1 year high of $191.75. The firm has a market cap of $2.11 trillion, a price-to-earnings ratio of 26.24, a PEG ratio of 1.27 and a beta of 1.04. The company has a 50-day moving average of $162.32 and a 200 day moving average of $168.79. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The business had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $72.85 billion. During the same quarter last year, the firm earned $1.55 earnings per share. As a group, sell-side analysts anticipate that Alphabet Inc. will post 7.65 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Monday, December 9th. Alphabet’s dividend payout ratio (DPR) is 12.27%.

Insider Transactions at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $166.30, for a total transaction of $3,741,750.00. Following the completion of the sale, the chief executive officer now directly owns 2,106,806 shares in the company, valued at approximately $350,361,837.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Alphabet news, Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $164.95, for a total value of $247,425.00. Following the completion of the transaction, the director now owns 26,324 shares of the company’s stock, valued at approximately $4,342,143.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $166.30, for a total transaction of $3,741,750.00. Following the transaction, the chief executive officer now owns 2,106,806 shares in the company, valued at $350,361,837.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 219,744 shares of company stock valued at $35,878,764. Insiders own 11.55% of the company’s stock.

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.