PFG Investments LLC Boosts Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

PFG Investments LLC raised its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 6.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 79,680 shares of the information services provider's stock after acquiring an additional 4,496 shares during the period. Alphabet makes up 0.9% of PFG Investments LLC's investment portfolio, making the stock its 14th largest holding. PFG Investments LLC's holdings in Alphabet were worth $13,215,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in GOOGL. MorganRosel Wealth Management LLC boosted its holdings in shares of Alphabet by 3.6% during the second quarter. MorganRosel Wealth Management LLC now owns 1,620 shares of the information services provider's stock worth $295,000 after purchasing an additional 57 shares during the period. Hengehold Capital Management LLC boosted its holdings in Alphabet by 0.8% in the second quarter. Hengehold Capital Management LLC now owns 7,224 shares of the information services provider's stock valued at $1,316,000 after acquiring an additional 60 shares in the last quarter. Christopher J. Hasenberg Inc increased its position in Alphabet by 75.0% during the 2nd 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 during the period. First PREMIER Bank increased its position in Alphabet by 3.8% during the 3rd quarter. First PREMIER Bank now owns 1,655 shares of the information services provider's stock valued at $275,000 after purchasing an additional 61 shares during the period. Finally, MKT Advisors LLC raised its holdings in Alphabet by 0.8% in the 3rd quarter. MKT Advisors LLC now owns 7,363 shares of the information services provider's stock worth $1,221,000 after purchasing an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

Insider Activity

In other news, Director Kavitark Ram Shriram sold 10,500 shares of the firm's stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $180.78, for a total value of $1,898,190.00. Following the completion of the sale, the director now owns 330,466 shares in the company, valued at approximately $59,741,643.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Kavitark Ram Shriram sold 10,500 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $180.78, for a total value of $1,898,190.00. Following the sale, the director now directly owns 330,466 shares in the company, valued at approximately $59,741,643.48. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Frances Arnold sold 441 shares of the business's stock in a transaction on Monday, November 4th. The shares were sold at an average price of $171.06, for a total value of $75,437.46. Following the transaction, the director now owns 16,490 shares of the company's stock, valued at approximately $2,820,779.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 242,552 shares of company stock valued at $40,287,253. 11.55% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on GOOGL. Rosenblatt Securities reissued a "neutral" rating and issued a $181.00 price target on shares of Alphabet in a research note on Wednesday, July 24th. Seaport Res Ptn raised Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 29th. Roth Mkm raised their price objective on Alphabet from $206.00 to $212.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Argus increased their price target on shares of Alphabet from $200.00 to $215.00 and gave the stock a "buy" rating in a research note on Tuesday, July 16th. Finally, Phillip Securities raised shares of Alphabet to a "strong-buy" rating in a research report on Friday, November 1st. Seven research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and five have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $205.90.

Alphabet Price Performance

GOOGL traded down $2.40 during trading hours on Friday, hitting $178.35. The company's stock had a trading volume of 21,982,048 shares, compared to its average volume of 27,174,885. The stock has a market cap of $2.20 trillion, a price-to-earnings ratio of 23.65, a P/E/G ratio of 1.20 and a beta of 1.03. The business's 50-day moving average price is $163.54 and its 200-day moving average price is $169.59. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 12 month low of $127.90 and a 12 month high of $191.75.

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

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date is Monday, December 9th. Alphabet's dividend payout ratio (DPR) is 10.61%.

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.