Executive Wealth Management LLC Has $8.08 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Executive Wealth Management LLC raised its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 13.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,734 shares of the information services provider's stock after acquiring an additional 5,926 shares during the period. Executive Wealth Management LLC's holdings in Alphabet were worth $8,083,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Schear Investment Advisers LLC boosted its holdings in shares of Alphabet by 17.0% in the 3rd quarter. Schear Investment Advisers LLC now owns 33,751 shares of the information services provider's stock worth $5,598,000 after acquiring an additional 4,905 shares in the last quarter. Trinity Financial Advisors LLC raised its position in Alphabet by 4.5% in the 3rd quarter. Trinity Financial Advisors LLC now owns 4,423 shares of the information services provider's stock valued at $771,000 after purchasing an additional 190 shares during the last quarter. Landscape Capital Management L.L.C. raised its position in Alphabet by 27.9% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 25,275 shares of the information services provider's stock valued at $4,192,000 after purchasing an additional 5,516 shares during the last quarter. abrdn plc boosted its stake in Alphabet by 10.7% in the third quarter. abrdn plc now owns 6,305,717 shares of the information services provider's stock worth $1,037,196,000 after purchasing an additional 611,233 shares in the last quarter. Finally, StoneCrest Wealth Management Inc. grew its holdings in shares of Alphabet by 0.7% during the third quarter. StoneCrest Wealth Management Inc. now owns 21,509 shares of the information services provider's stock worth $3,567,000 after purchasing an additional 140 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Alphabet Stock Down 0.6 %

Shares of NASDAQ GOOGL opened at $195.42 on Wednesday. Alphabet Inc. has a 52 week low of $130.66 and a 52 week high of $201.42. The stock's fifty day moving average is $172.93 and its 200 day moving average is $170.97. 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 stock has a market capitalization of $2.39 trillion, a P/E ratio of 25.92, a PEG ratio of 1.39 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The business had revenue of $88.27 billion for the quarter, compared to analysts' expectations of $72.85 billion. During the same period last year, the firm posted $1.55 earnings per share. Sell-side analysts forecast that Alphabet Inc. will post 8.01 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date was Monday, December 9th. Alphabet's dividend payout ratio is 10.61%.

Insider Activity at Alphabet

In other news, CAO Amie Thuener O'toole sold 1,367 shares of the company's stock in a transaction that occurred on Tuesday, October 1st. The stock was 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 $4,927,257.72. This represents a 4.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $164.95, for a total transaction of $247,425.00. Following the sale, the director now owns 26,324 shares in the company, valued at approximately $4,342,143.80. This represents a 5.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 178,957 shares of company stock valued at $31,358,687 in the last quarter. Insiders own 11.55% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on GOOGL shares. JMP Securities upped their target price on shares of Alphabet from $200.00 to $220.00 and gave the stock a "market outperform" rating in a research report on Wednesday, October 30th. Robert W. Baird reaffirmed an "outperform" rating and set a $205.00 price objective on shares of Alphabet in a report on Tuesday, December 10th. Loop Capital lifted their target price on Alphabet from $170.00 to $185.00 and gave the company a "hold" rating in a research note on Wednesday, November 6th. Royal Bank of Canada upped their price target on Alphabet from $204.00 to $210.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Finally, Cantor Fitzgerald reiterated a "neutral" rating and issued a $190.00 price objective on shares of Alphabet in a research report on Wednesday, October 30th. Seven 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's stock. Based on data from MarketBeat.com, Alphabet has a consensus rating of "Moderate Buy" and a consensus target price of $206.08.

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.