Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Washington Trust Advisors Inc.

Washington Trust Advisors Inc. raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 188,659 shares of the information services provider’s stock after purchasing an additional 961 shares during the quarter. Alphabet accounts for 2.7% of Washington Trust Advisors Inc.’s portfolio, making the stock its 11th largest position. Washington Trust Advisors Inc.’s holdings in Alphabet were worth $31,289,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of GOOGL. Crumly & Associates Inc. boosted its stake in shares of Alphabet by 4.3% during the 3rd quarter. Crumly & Associates Inc. now owns 5,874 shares of the information services provider’s stock valued at $974,000 after buying an additional 243 shares during the last quarter. Windward Capital Management Co. CA raised its holdings in Alphabet by 1.7% in the third quarter. Windward Capital Management Co. CA now owns 302,745 shares of the information services provider’s stock valued at $50,210,000 after acquiring an additional 5,121 shares in the last quarter. Provident Trust Co. boosted its stake in Alphabet by 1.1% during the 3rd quarter. Provident Trust Co. now owns 3,476,456 shares of the information services provider’s stock valued at $576,570,000 after acquiring an additional 36,190 shares during the last quarter. Holistic Planning LLC grew its holdings in Alphabet by 18.2% during the 3rd quarter. Holistic Planning LLC now owns 10,895 shares of the information services provider’s stock worth $1,807,000 after acquiring an additional 1,675 shares in the last quarter. Finally, CWA Asset Management Group LLC bought a new stake in shares of Alphabet in the 3rd quarter worth about $15,937,000. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Wedbush reiterated an “outperform” rating and issued a $205.00 price target on shares of Alphabet in a research note on Thursday, October 24th. The Goldman Sachs Group decreased their target price on Alphabet from $217.00 to $208.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Tigress Financial boosted their price target on Alphabet from $210.00 to $220.00 and gave the company a “strong-buy” rating in a report on Thursday, September 26th. China Renaissance upgraded Alphabet from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, Roth Mkm boosted their target price on shares of Alphabet from $206.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and five have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $205.90.

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $164.76 on Friday. Alphabet Inc. has a 1 year low of $127.90 and a 1 year high of $191.75. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The stock has a fifty day moving average price of $167.64 and a two-hundred day moving average price of $170.36. The firm has a market cap of $2.02 trillion, a P/E ratio of 21.85, a PEG ratio of 1.27 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.85 billion. During the same period in the previous year, the company earned $1.55 earnings per share. Research analysts forecast that Alphabet Inc. will post 7.99 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.49%. Alphabet’s payout ratio is currently 10.61%.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 2,835 shares of Alphabet stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $151.53, for a total value of $429,587.55. Following the transaction, 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 8.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $176.67, for a total value of $3,975,075.00. Following the sale, the chief executive officer now owns 2,061,806 shares in the company, valued at approximately $364,259,266.02. The trade was a 1.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 206,795 shares of company stock valued at $34,673,866 over the last ninety days. 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.