Jackson Hole Capital Partners LLC Has $22.51 Million Holdings in Alphabet Inc. $GOOG

Jackson Hole Capital Partners LLC lessened its position in shares of Alphabet Inc. (NASDAQ:GOOGFree Report) by 1.6% in the third quarter, Holdings Channel reports. The fund owned 92,414 shares of the information services provider’s stock after selling 1,530 shares during the quarter. Alphabet comprises 3.8% of Jackson Hole Capital Partners LLC’s investment portfolio, making the stock its 2nd biggest holding. Jackson Hole Capital Partners LLC’s holdings in Alphabet were worth $22,507,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Global Trust Asset Management LLC lifted its stake in shares of Alphabet by 4.8% in the 3rd quarter. Global Trust Asset Management LLC now owns 15,292 shares of the information services provider’s stock worth $3,724,000 after purchasing an additional 699 shares during the period. Harbour Trust & Investment Management Co grew its position in Alphabet by 0.3% during the third quarter. Harbour Trust & Investment Management Co now owns 160,627 shares of the information services provider’s stock valued at $39,121,000 after buying an additional 498 shares during the period. Darrow Company Inc. increased its holdings in Alphabet by 5.2% during the third quarter. Darrow Company Inc. now owns 1,705 shares of the information services provider’s stock valued at $431,000 after buying an additional 85 shares during the last quarter. Wright Investors Service Inc. raised its position in Alphabet by 2.1% in the third quarter. Wright Investors Service Inc. now owns 21,011 shares of the information services provider’s stock worth $5,117,000 after acquiring an additional 437 shares during the period. Finally, Franchise Capital Ltd bought a new position in Alphabet in the third quarter worth approximately $6,454,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $319.50, for a total transaction of $10,383,750.00. Following the completion of the transaction, the chief executive officer owned 2,272,119 shares in the company, valued at approximately $725,942,020.50. This represents a 1.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 2,778 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $288.26, for a total transaction of $800,786.28. Following the transaction, the chief accounting officer directly owned 11,739 shares of the company’s stock, valued at $3,383,884.14. The trade was a 19.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 192,687 shares of company stock valued at $58,728,068. 12.99% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on GOOG shares. DA Davidson set a $300.00 price objective on Alphabet in a research note on Tuesday, November 25th. Oppenheimer boosted their price target on Alphabet from $300.00 to $345.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Phillip Securities upgraded Alphabet from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, November 7th. Morgan Stanley raised their price objective on Alphabet from $210.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alphabet in a research report on Wednesday. Eight analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $326.13.

View Our Latest Report on Alphabet

Alphabet Price Performance

NASDAQ:GOOG opened at $330.84 on Friday. The business’s 50-day simple moving average is $315.30 and its two-hundred day simple moving average is $259.15. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $341.20. The stock has a market cap of $3.99 trillion, a PE ratio of 32.63, a P/E/G ratio of 1.81 and a beta of 1.09. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.06.

Alphabet (NASDAQ:GOOGGet Free Report) last released its earnings results on Thursday, October 30th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.58. The firm had revenue of $102.35 billion during the quarter, compared to analysts’ expectations of $99.90 billion. Alphabet had a return on equity of 35.00% and a net margin of 32.23%.The firm’s revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the business posted $2.12 earnings per share. As a group, analysts forecast that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 8th were given a dividend of $0.21 per share. The ex-dividend date was Monday, December 8th. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is presently 8.28%.

Alphabet Profile

(Free Report)

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

Featured Stories

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGFree Report).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.