Trajan Wealth LLC cut its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 421,320 shares of the information services provider's stock after selling 8,126 shares during the quarter. Alphabet comprises 4.1% of Trajan Wealth LLC's portfolio, making the stock its 4th largest position. Trajan Wealth LLC's holdings in Alphabet were worth $69,876,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in GOOGL. Christopher J. Hasenberg Inc raised its stake in shares of Alphabet by 75.0% during the second quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider's stock valued at $26,000 after purchasing an additional 60 shares in the last quarter. Kings Path Partners LLC purchased a new stake in Alphabet during the 2nd quarter valued at $36,000. Denver PWM LLC purchased a new stake in shares of Alphabet in the 2nd quarter worth $41,000. Quarry LP purchased a new stake in shares of Alphabet in the 2nd quarter worth $53,000. Finally, CarsonAllaria Wealth Management Ltd. boosted its holdings in Alphabet by 59.2% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 293 shares of the information services provider's stock worth $44,000 after buying an additional 109 shares during the period. Institutional investors own 40.03% of the company's stock.
Alphabet Price Performance
Shares of GOOGL traded up $1.27 during mid-day trading on Tuesday, reaching $181.62. The stock had a trading volume of 25,122,860 shares, compared to its average volume of 27,119,752. Alphabet Inc. has a 12 month low of $127.90 and a 12 month high of $191.75. The business has a fifty day moving average of $163.88 and a 200 day moving average of $169.91. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The firm has a market cap of $2.22 trillion, a price-to-earnings ratio of 23.84, a PEG ratio of 1.27 and a beta of 1.03.
Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.29. The firm had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same period in the prior year, the business earned $1.55 EPS. Equities analysts predict that Alphabet Inc. will post 7.99 EPS for the current year.
Alphabet Announces Dividend
The firm also recently announced 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 dividend yield of 0.44%. Alphabet's dividend payout ratio is presently 10.61%.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the stock. Loop Capital boosted their target price on shares of Alphabet from $170.00 to $185.00 and gave the stock a "hold" rating in a research note on Wednesday, November 6th. Roth Mkm raised their target price on shares of Alphabet from $206.00 to $212.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Pivotal Research boosted their price objective on Alphabet from $215.00 to $225.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Argus upped their price objective on Alphabet from $200.00 to $215.00 and gave the company a "buy" rating in a research note on Tuesday, July 16th. Finally, BMO Capital Markets restated an "outperform" rating and set a $217.00 price target (up previously from $215.00) on shares of Alphabet in a research note on Wednesday, October 30th. Seven investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and five have assigned a strong buy rating to the company. According to MarketBeat, Alphabet has a consensus rating of "Moderate Buy" and an average target price of $205.90.
Check Out Our Latest Stock Analysis on GOOGL
Insiders Place Their Bets
In other Alphabet news, SVP Prabhakar Raghavan sold 34,257 shares of the business's stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the sale, the senior vice president now owns 312,210 shares in the company, valued at approximately $50,765,346. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Kavitark Ram Shriram sold 10,500 shares of the firm's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $177.41, for a total value of $1,862,805.00. Following the completion of the transaction, the director now owns 319,966 shares of the company's stock, valued at approximately $56,765,168.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Prabhakar Raghavan sold 34,257 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the completion of the sale, the senior vice president now owns 312,210 shares of the company's stock, valued at approximately $50,765,346. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 241,752 shares of company stock worth $40,156,829. 11.55% of the stock is owned by corporate insiders.
Alphabet Company Profile
(
Free Report)
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.
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