Alphabet Inc. $GOOGL Holdings Lifted by Golden Road Advisors LLC

Golden Road Advisors LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 9.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,492 shares of the information services provider’s stock after buying an additional 224 shares during the period. Alphabet makes up about 0.3% of Golden Road Advisors LLC’s holdings, making the stock its 28th biggest position. Golden Road Advisors LLC’s holdings in Alphabet were worth $439,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. 626 Financial LLC boosted its position in Alphabet by 0.9% during the 2nd quarter. 626 Financial LLC now owns 27,545 shares of the information services provider’s stock worth $4,854,000 after acquiring an additional 249 shares during the period. Analyst IMS Investment Management Services Ltd. lifted its position in shares of Alphabet by 12.7% in the second quarter. Analyst IMS Investment Management Services Ltd. now owns 12,666 shares of the information services provider’s stock worth $2,232,000 after purchasing an additional 1,431 shares in the last quarter. WNY Asset Management LLC lifted its position in shares of Alphabet by 5.4% in the second quarter. WNY Asset Management LLC now owns 6,979 shares of the information services provider’s stock worth $1,230,000 after purchasing an additional 357 shares in the last quarter. Evergreen Wealth Management LLC boosted its holdings in shares of Alphabet by 27.9% during the second quarter. Evergreen Wealth Management LLC now owns 37,334 shares of the information services provider’s stock worth $6,579,000 after purchasing an additional 8,137 shares during the period. Finally, Whalen Wealth Management Inc. grew its position in Alphabet by 12.6% during the second quarter. Whalen Wealth Management Inc. now owns 3,843 shares of the information services provider’s stock valued at $677,000 after purchasing an additional 430 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on GOOGL shares. DA Davidson increased their target price on shares of Alphabet from $190.00 to $300.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Wedbush reaffirmed an “outperform” rating and issued a $320.00 price target (up from $245.00) on shares of Alphabet in a research note on Thursday, October 30th. Oppenheimer increased their price objective on Alphabet from $270.00 to $300.00 and gave the stock an “outperform” rating in a report on Monday, October 20th. Loop Capital lifted their price objective on Alphabet from $190.00 to $260.00 and gave the company a “hold” rating in a research report on Friday, October 24th. Finally, The Goldman Sachs Group boosted their target price on Alphabet from $288.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $304.10.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $278.83 on Monday. The stock has a market capitalization of $3.37 trillion, a P/E ratio of 27.50, a P/E/G ratio of 1.86 and a beta of 1.05. The business has a 50-day moving average of $251.23 and a two-hundred day moving average of $204.90. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $291.59. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.58. The business had revenue of $102.35 billion for the quarter, compared to the consensus estimate of $99.90 billion. Alphabet had a return on equity of 36.08% and a net margin of 32.23%. On average, equities research analysts predict that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 8th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Monday, December 8th. Alphabet’s payout ratio is presently 8.28%.

Insider Buying and Selling at Alphabet

In related news, Director John L. Hennessy sold 600 shares of the firm’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $242.92, for a total value of $145,752.00. Following the transaction, the director directly owned 5,116 shares in the company, valued at approximately $1,242,778.72. This trade represents a 10.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Amie Thuener O’toole sold 954 shares of Alphabet stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $282.33, for a total transaction of $269,342.82. Following the completion of the transaction, the chief accounting officer owned 14,517 shares in the company, valued at $4,098,584.61. This trade represents a 6.17% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 222,396 shares of company stock worth $54,105,275 in the last quarter. 11.64% of the stock is owned by corporate insiders.

Alphabet Company 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.