Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 9.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 117,365 shares of the information services provider's stock after buying an additional 10,044 shares during the quarter. Alphabet accounts for about 0.7% of Farther Finance Advisors LLC's portfolio, making the stock its 18th largest holding. Farther Finance Advisors LLC's holdings in Alphabet were worth $19,463,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dash Acquisitions Inc. lifted its position in shares of Alphabet by 0.7% during the 3rd quarter. Dash Acquisitions Inc. now owns 9,656 shares of the information services provider's stock valued at $1,596,000 after buying an additional 67 shares in the last quarter. Weatherly Asset Management L. P. boosted its stake in shares of Alphabet by 2.6% in the third quarter. Weatherly Asset Management L. P. now owns 107,148 shares of the information services provider's stock worth $17,770,000 after acquiring an additional 2,731 shares during the last quarter. Cambiar Investors LLC lifted its stake in shares of Alphabet by 0.6% in the third quarter. Cambiar Investors LLC now owns 352,764 shares of the information services provider's stock worth $58,506,000 after buying an additional 2,018 shares in the last quarter. CacheTech Inc. lifted its stake in Alphabet by 5.9% in the 3rd quarter. CacheTech Inc. now owns 17,505 shares of the information services provider's stock worth $2,903,000 after purchasing an additional 973 shares in the last quarter. Finally, Americana Partners LLC boosted its stake in Alphabet by 5.6% during the third quarter. Americana Partners LLC now owns 107,488 shares of the information services provider's stock worth $17,827,000 after buying an additional 5,735 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet Stock Performance

NASDAQ GOOGL traded down $3.09 during trading hours on Friday, reaching $172.49. The company's stock had a trading volume of 32,481,654 shares, compared to its average volume of 27,145,184. The stock has a market cap of $2.11 trillion, a PE ratio of 22.77, a PEG ratio of 1.27 and a beta of 1.03. The business has a 50-day simple moving average of $165.18 and a 200 day simple moving average of $170.08. Alphabet Inc. has a 52 week low of $127.90 and a 52 week high of $191.75. 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 (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.29. The business had revenue of $88.27 billion for 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 quarter last year, the business posted $1.55 EPS. Equities research analysts predict that Alphabet Inc. will post 7.99 earnings per share for the current fiscal year.

Alphabet Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. China Renaissance upgraded shares of Alphabet from a "hold" rating to a "buy" rating in a report on Thursday, October 31st. Needham & Company LLC reiterated a "buy" rating and issued a $210.00 price objective on shares of Alphabet in a report on Wednesday, October 30th. The Goldman Sachs Group reduced their price target on shares of Alphabet from $217.00 to $208.00 and set a "buy" rating on the stock in a research report on Monday, October 14th. Guggenheim lifted their target price on Alphabet from $195.00 to $205.00 and gave the company a "buy" rating in a report on Wednesday, July 24th. Finally, Piper Sandler restated an "overweight" rating and set a $210.00 target price (up from $200.00) 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 assigned a buy rating and five have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $205.90.

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $167.66, for a total transaction of $3,772,350.00. Following the completion of the transaction, the chief executive officer now owns 2,159,885 shares in the company, valued at approximately $362,126,319.10. The trade was a 1.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John Kent Walker sold 21,467 shares of the firm's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $160.35, for a total value of $3,442,233.45. Following the transaction, the insider now directly owns 39,334 shares in the company, valued at $6,307,206.90. This trade represents a 35.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 206,795 shares of company stock valued at $34,471,141 in the last quarter. Company insiders own 11.55% of the company's stock.

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.