13,796 Shares in Alphabet Inc. (NASDAQ:GOOGL) Bought by Blake Schutter Theil Wealth Advisors LLC

Blake Schutter Theil Wealth Advisors LLC acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 13,796 shares of the information services provider's stock, valued at approximately $2,288,000. Alphabet makes up about 1.6% of Blake Schutter Theil Wealth Advisors LLC's investment portfolio, making the stock its 12th biggest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of GOOGL. China Universal Asset Management Co. Ltd. boosted its holdings in shares of Alphabet by 70.6% in the first quarter. China Universal Asset Management Co. Ltd. now owns 101,230 shares of the information services provider's stock valued at $15,279,000 after acquiring an additional 41,880 shares in the last quarter. Quent Capital LLC increased its position in shares of Alphabet by 3.6% during the 1st quarter. Quent Capital LLC now owns 31,171 shares of the information services provider's stock valued at $4,705,000 after purchasing an additional 1,072 shares during the period. Empowered Funds LLC raised its stake in shares of Alphabet by 12.3% in the 1st quarter. Empowered Funds LLC now owns 187,840 shares of the information services provider's stock worth $28,351,000 after buying an additional 20,572 shares in the last quarter. William Blair Investment Management LLC lifted its holdings in shares of Alphabet by 9.9% in the first quarter. William Blair Investment Management LLC now owns 7,693,292 shares of the information services provider's stock valued at $1,161,149,000 after buying an additional 695,581 shares during the period. Finally, Baltimore Washington Financial Advisors Inc. boosted its stake in Alphabet by 1.8% during the first quarter. Baltimore Washington Financial Advisors Inc. now owns 44,965 shares of the information services provider's stock valued at $6,787,000 after buying an additional 791 shares in the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. DA Davidson initiated coverage on shares of Alphabet in a research note on Tuesday, September 10th. They issued a "neutral" rating and a $170.00 price objective on the stock. Wells Fargo & Company lifted their price target on shares of Alphabet from $182.00 to $187.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 30th. Mizuho increased their price objective on Alphabet from $205.00 to $210.00 and gave the company an "outperform" rating in a research report on Wednesday, July 24th. BMO Capital Markets restated an "outperform" rating and issued a $217.00 target price (up from $215.00) on shares of Alphabet in a report on Wednesday, October 30th. Finally, Phillip Securities raised Alphabet to a "strong-buy" rating in a report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and five have given a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet currently has an average rating of "Moderate Buy" and an average price target of $205.90.

Insider Activity at Alphabet

In other Alphabet news, insider John Kent Walker sold 21,467 shares of the company's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $160.35, for a total transaction of $3,442,233.45. Following the completion of the sale, the insider now owns 39,334 shares in the company, valued at approximately $6,307,206.90. The trade was a 35.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the firm's stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $158.68, for a total value of $3,570,300.00. Following the completion of the transaction, the chief executive officer now owns 2,137,385 shares in the company, valued at $339,160,251.80. This represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 184,295 shares of company stock valued at $30,698,791 in the last three months. Corporate insiders own 11.55% of the company's stock.

Alphabet Price Performance

Shares of GOOGL traded down $3.33 during mid-day trading on Wednesday, reaching $174.79. The company had a trading volume of 8,021,273 shares, compared to its average volume of 27,012,984. Alphabet Inc. has a twelve month low of $127.90 and a twelve month high of $191.75. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The company's 50-day moving average is $166.74 and its 200-day moving average is $170.36. The company has a market capitalization of $2.14 trillion, a P/E ratio of 23.11, a P/E/G ratio of 1.23 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The business had revenue of $88.27 billion during the quarter, compared to analysts' expectations of $72.85 billion. During the same period in the prior year, the firm posted $1.55 EPS. On average, equities analysts anticipate that Alphabet Inc. will post 7.99 EPS for the current year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.46%. Alphabet's dividend payout ratio is 10.61%.

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.