Tyler Stone Wealth Management Has $6.94 Million Stake in Alphabet Inc. $GOOGL

Tyler Stone Wealth Management raised its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 10.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,365 shares of the information services provider’s stock after acquiring an additional 3,608 shares during the quarter. Alphabet comprises 1.1% of Tyler Stone Wealth Management’s investment portfolio, making the stock its 19th biggest holding. Tyler Stone Wealth Management’s holdings in Alphabet were worth $6,937,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in GOOGL. Financial Gravity Companies Inc. bought a new stake in Alphabet in the second quarter worth approximately $31,000. CarsonAllaria Wealth Management Ltd. grew its position in shares of Alphabet by 36.4% during the 2nd quarter. CarsonAllaria Wealth Management Ltd. now owns 251 shares of the information services provider’s stock worth $44,000 after buying an additional 67 shares during the period. Vermillion & White Wealth Management Group LLC increased its stake in shares of Alphabet by 37.9% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 324 shares of the information services provider’s stock valued at $57,000 after acquiring an additional 89 shares in the last quarter. S&T Bank PA lifted its position in shares of Alphabet by 40.2% during the 2nd quarter. S&T Bank PA now owns 345 shares of the information services provider’s stock valued at $61,000 after acquiring an additional 99 shares during the period. Finally, Christopher J. Hasenberg Inc boosted its stake in Alphabet by 77.6% during the second quarter. Christopher J. Hasenberg Inc now owns 348 shares of the information services provider’s stock worth $61,000 after acquiring an additional 152 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of a number of research reports. Daiwa Capital Markets raised their price target on shares of Alphabet from $233.00 to $333.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Stifel Nicolaus set a $333.00 target price on Alphabet in a research note on Thursday, October 30th. Robert W. Baird boosted their target price on Alphabet from $215.00 to $275.00 and gave the company an “outperform” rating in a research report on Monday, September 22nd. Citic Securities upped their price target on Alphabet from $230.00 to $310.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Finally, Bank of America raised their price objective on Alphabet from $280.00 to $335.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and an average target price of $314.22.

Alphabet Stock Performance

Shares of GOOGL opened at $309.29 on Friday. The firm has a market capitalization of $3.73 trillion, a P/E ratio of 30.50, a P/E/G ratio of 1.79 and a beta of 1.07. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $328.83. The stock has a 50 day moving average price of $283.14 and a two-hundred day moving average price of $229.57. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.75.

Alphabet (NASDAQ:GOOGL) last posted its earnings results 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. Alphabet had a return on equity of 35.00% and a net margin of 32.23%.The company had revenue of $102.35 billion for the quarter, compared to analyst estimates of $99.90 billion. Equities analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced 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. The ex-dividend date is Monday, December 8th. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. Alphabet’s dividend payout ratio is presently 8.28%.

Insider Activity

In other Alphabet news, CAO Amie Thuener O’toole sold 954 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $317.00, for a total value of $302,418.00. Following the completion of the sale, the chief accounting officer directly owned 11,740 shares of the company’s stock, valued at approximately $3,721,580. This represents a 7.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Frances Arnold sold 102 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $317.66, for a total transaction of $32,401.32. Following the completion of the sale, the director owned 18,104 shares of the company’s stock, valued at approximately $5,750,916.64. This trade represents a 0.56% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 226,128 shares of company stock worth $61,326,372. Company insiders own 11.64% of the company’s stock.

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.