Threadgill Financial LLC Makes New $4.62 Million Investment in Alphabet Inc. $GOOG

Threadgill Financial LLC acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOG) during the third quarter, Holdings Channel reports. The institutional investor acquired 18,960 shares of the information services provider’s stock, valued at approximately $4,618,000. Alphabet makes up about 2.2% of Threadgill Financial LLC’s holdings, making the stock its 15th biggest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IFS Advisors LLC increased its holdings in shares of Alphabet by 400.0% in the second quarter. IFS Advisors LLC now owns 150 shares of the information services provider’s stock valued at $27,000 after purchasing an additional 120 shares during the period. Robbins Farley boosted its position in Alphabet by 60.0% in the second quarter. Robbins Farley now owns 160 shares of the information services provider’s stock valued at $28,000 after buying an additional 60 shares during the last quarter. WestEnd Advisors LLC boosted its position in Alphabet by 58.7% in the second quarter. WestEnd Advisors LLC now owns 165 shares of the information services provider’s stock valued at $29,000 after buying an additional 61 shares during the last quarter. University of Illinois Foundation acquired a new position in Alphabet in the 2nd quarter worth approximately $31,000. Finally, Fairman Group LLC raised its position in Alphabet by 121.3% during the 2nd quarter. Fairman Group LLC now owns 177 shares of the information services provider’s stock worth $31,000 after buying an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet Trading Up 1.9%

GOOG stock opened at $303.75 on Friday. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $328.67. 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 firm has a market cap of $3.67 trillion, a P/E ratio of 29.96, a PEG ratio of 1.73 and a beta of 1.07. The company’s 50-day simple moving average is $288.40 and its 200-day simple moving average is $233.60.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, October 30th. The information services provider reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.58. The firm had revenue of $102.35 billion during the quarter, compared to analyst estimates of $99.90 billion. Alphabet had a return on equity of 35.00% and a net margin of 32.23%.Alphabet’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.12 EPS. As a group, equities analysts forecast that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

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

Insider Activity

In other news, CAO Amie Thuener O’toole sold 2,778 shares of the stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $250.05, for a total value of $694,638.90. Following the completion of the sale, the chief accounting officer directly owned 14,516 shares in the company, valued at $3,629,725.80. This represents a 16.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $250.15, for a total value of $8,129,875.00. Following the transaction, the chief executive officer owned 2,369,619 shares in the company, valued at approximately $592,760,192.85. This represents a 1.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 228,906 shares of company stock worth $63,984,117 over the last quarter. 12.99% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

GOOG has been the topic of several recent research reports. Robert W. Baird upped their price objective on shares of Alphabet from $215.00 to $275.00 and gave the company an “outperform” rating in a report on Monday, September 22nd. Raymond James Financial set a $275.00 price target on shares of Alphabet and gave the company an “outperform” rating in a report on Friday, October 24th. Oppenheimer lifted their price objective on Alphabet from $300.00 to $345.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Sanford C. Bernstein boosted their price objective on Alphabet from $260.00 to $305.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $330.00 target price on shares of Alphabet in a report on Thursday, October 30th. Seven analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned 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 company currently has an average rating of “Buy” and a consensus target price of $313.04.

Alphabet 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.