Alphabet Inc. $GOOGL Stock Holdings Lifted by Intellus Advisors LLC

Intellus Advisors LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 87,095 shares of the information services provider’s stock after purchasing an additional 1,858 shares during the quarter. Alphabet makes up 2.3% of Intellus Advisors LLC’s portfolio, making the stock its 19th largest holding. Intellus Advisors LLC’s holdings in Alphabet were worth $15,349,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Bridgeway Capital Management LLC lifted its stake in Alphabet by 17.9% in the first quarter. Bridgeway Capital Management LLC now owns 88,187 shares of the information services provider’s stock valued at $13,637,000 after buying an additional 13,371 shares during the last quarter. Alaethes Wealth LLC raised its holdings in shares of Alphabet by 1.1% during the first quarter. Alaethes Wealth LLC now owns 7,646 shares of the information services provider’s stock valued at $1,182,000 after buying an additional 84 shares during the last quarter. Moment Partners LLC raised its holdings in shares of Alphabet by 9.3% during the second quarter. Moment Partners LLC now owns 5,896 shares of the information services provider’s stock valued at $1,039,000 after buying an additional 504 shares during the last quarter. Welch Group LLC boosted its position in shares of Alphabet by 4.0% during the second quarter. Welch Group LLC now owns 64,262 shares of the information services provider’s stock worth $11,325,000 after buying an additional 2,467 shares during the period. Finally, Elgethun Capital Management grew its holdings in Alphabet by 4.8% in the 1st quarter. Elgethun Capital Management now owns 8,487 shares of the information services provider’s stock worth $1,312,000 after buying an additional 390 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 2,778 shares of Alphabet stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $245.00, for a total transaction of $680,610.00. Following the transaction, the chief accounting officer directly owned 17,293 shares in the company, valued at approximately $4,236,785. The trade was a 13.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $243.41, for a total transaction of $7,910,825.00. Following the sale, the chief executive officer directly owned 2,402,119 shares in the company, valued at approximately $584,699,785.79. This trade represents a 1.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 193,628 shares of company stock valued at $50,942,622. Company insiders own 11.64% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on GOOGL shares. Sanford C. Bernstein boosted their price target on Alphabet from $260.00 to $305.00 and gave the stock a “market perform” rating in a research report on Thursday, October 30th. Wall Street Zen upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Melius Research upped their target price on Alphabet from $220.00 to $255.00 in a research report on Thursday, September 25th. Canaccord Genuity Group boosted their price objective on Alphabet from $270.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Finally, Roth Capital raised their target price on Alphabet from $210.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Four research analysts have rated the stock with a Strong Buy rating, forty-one have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and an average target price of $312.06.

Alphabet Stock Down 0.6%

Shares of Alphabet stock opened at $317.62 on Friday. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $328.83. The firm has a market capitalization of $3.83 trillion, a PE ratio of 31.32, a price-to-earnings-growth ratio of 1.85 and a beta of 1.07. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. The stock’s fifty day moving average is $274.65 and its 200-day moving average is $223.02.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.58. Alphabet had a return on equity of 35.00% and a net margin of 32.23%.The firm had revenue of $102.35 billion for the quarter, compared to analysts’ expectations of $99.90 billion. Equities analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

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

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.