Discipline Wealth Solutions LLC Acquires Shares of 3,798 Alphabet Inc. (NASDAQ:GOOGL)

Discipline Wealth Solutions LLC acquired a new position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,798 shares of the information services provider's stock, valued at approximately $630,000.

Several other large investors have also made changes to their positions in GOOGL. Christopher J. Hasenberg Inc grew its position in Alphabet by 75.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider's stock worth $26,000 after purchasing an additional 60 shares during the last quarter. LMR Partners LLP acquired a new position in shares of Alphabet during the third quarter valued at about $32,000. Kings Path Partners LLC bought a new stake in shares of Alphabet in the second quarter valued at about $36,000. Denver PWM LLC acquired a new stake in Alphabet during the second quarter worth about $41,000. Finally, Quarry LP bought a new position in Alphabet during the second quarter valued at about $53,000. Institutional investors and hedge funds own 40.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. KeyCorp raised their price objective on Alphabet from $200.00 to $215.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Piper Sandler reaffirmed an "overweight" rating and issued a $210.00 target price (up from $200.00) on shares of Alphabet in a research report on Wednesday, October 30th. DA Davidson assumed coverage on shares of Alphabet in a research note on Tuesday, September 10th. They set a "neutral" rating and a $170.00 price target on the stock. Morgan Stanley increased their price objective on shares of Alphabet from $190.00 to $205.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and set a $190.00 price objective on shares of Alphabet in a report on Wednesday, October 30th. 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 company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $206.69.

Alphabet Trading Up 0.1 %

Alphabet stock traded up $0.11 during mid-day trading on Thursday, hitting $188.51. 32,167,189 shares of the company's stock were exchanged, compared to its average volume of 27,582,375. Alphabet Inc. has a fifty-two week low of $130.66 and a fifty-two week high of $201.42. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $2.31 trillion, a P/E ratio of 25.00, a PEG ratio of 1.39 and a beta of 1.01. The company's 50 day simple moving average is $173.46 and its 200-day simple moving average is $171.09.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.83 by $0.29. The business had revenue of $88.27 billion during the quarter, compared to analysts' expectations 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. On average, equities analysts anticipate that Alphabet Inc. will post 8.01 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend was Monday, December 9th. Alphabet's dividend payout ratio is 10.61%.

Insider Activity

In related news, CAO Amie Thuener O'toole sold 1,367 shares of the firm's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $168.84, for a total value of $230,804.28. Following the completion of the transaction, the chief accounting officer now owns 29,183 shares of the company's stock, valued at approximately $4,927,257.72. This trade represents a 4.47 % 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, Director John L. Hennessy sold 1,500 shares of the business's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $194.22, for a total transaction of $291,330.00. Following the sale, the director now directly owns 23,324 shares in the company, valued at $4,529,987.28. This trade represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 178,957 shares of company stock worth $31,358,687 over the last three months. Corporate insiders own 11.55% of the company's stock.

About Alphabet

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.