Olistico Wealth LLC Boosts Stock Holdings in Alphabet Inc. $GOOGL

Olistico Wealth LLC lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 5.7% during the second quarter, Holdings Channel reports. The fund owned 11,325 shares of the information services provider’s stock after acquiring an additional 615 shares during the period. Alphabet comprises 1.1% of Olistico Wealth LLC’s investment portfolio, making the stock its 18th largest position. Olistico Wealth LLC’s holdings in Alphabet were worth $1,996,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of GOOGL. Guardian Wealth Management Inc. increased its position in shares of Alphabet by 242.9% during the first quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider’s stock worth $26,000 after acquiring an additional 119 shares during the period. von Borstel & Associates Inc. purchased a new position in Alphabet in the first quarter valued at $28,000. IMA Advisory Services Inc. purchased a new position in Alphabet in the first quarter valued at $28,000. NBZ Investment Advisors LLC increased its holdings in Alphabet by 85.7% in the first quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider’s stock valued at $30,000 after buying an additional 90 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. purchased a new position in Alphabet in the first quarter valued at $39,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Susquehanna increased their target price on Alphabet from $220.00 to $225.00 and gave the company a “positive” rating in a report on Thursday, July 24th. Roth Capital increased their target price on Alphabet from $205.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Jefferies Financial Group increased their target price on Alphabet from $230.00 to $285.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Cantor Fitzgerald reissued a “neutral” rating and issued a $201.00 target price on shares of Alphabet in a report on Wednesday, September 24th. Finally, Wall Street Zen lowered Alphabet from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. Four analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $245.88.

Insider Buying and Selling at Alphabet

In related news, Director John L. Hennessy sold 600 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $249.44, for a total transaction of $149,664.00. Following the completion of the transaction, the director directly owned 5,716 shares of the company’s stock, valued at $1,425,799.04. This represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Amie Thuener O’toole sold 953 shares of the stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $241.20, for a total transaction of $229,863.60. Following the transaction, the chief accounting officer directly owned 17,294 shares of the company’s stock, valued at $4,171,312.80. This represents a 5.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 276,338 shares of company stock valued at $59,062,683. Corporate insiders own 11.64% of the company’s stock.

Alphabet Price Performance

Shares of GOOGL opened at $236.57 on Monday. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $256.00. The company has a market capitalization of $2.86 trillion, a price-to-earnings ratio of 25.19, a price-to-earnings-growth ratio of 1.60 and a beta of 1.00. The firm has a 50-day simple moving average of $226.31 and a 200-day simple moving average of $188.84. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.16. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The business had revenue of $96.43 billion during the quarter, compared to the consensus estimate of $93.60 billion. On average, equities research analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 8th were paid a dividend of $0.21 per share. The ex-dividend date was Monday, September 8th. This represents a $0.84 annualized dividend and a dividend yield of 0.4%. Alphabet’s dividend payout ratio is 8.95%.

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.