Financial Partners Group LLC Buys 3,723 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Financial Partners Group LLC increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 4.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,299 shares of the information services provider's stock after buying an additional 3,723 shares during the quarter. Alphabet comprises approximately 5.1% of Financial Partners Group LLC's holdings, making the stock its 2nd largest position. Financial Partners Group LLC's holdings in Alphabet were worth $13,483,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of GOOGL. MorganRosel Wealth Management LLC lifted its holdings in shares of Alphabet by 3.6% during the 2nd quarter. MorganRosel Wealth Management LLC now owns 1,620 shares of the information services provider's stock worth $295,000 after acquiring an additional 57 shares during the period. Hengehold Capital Management LLC grew its position in Alphabet by 0.8% during the 2nd quarter. Hengehold Capital Management LLC now owns 7,224 shares of the information services provider's stock worth $1,316,000 after acquiring an additional 60 shares during the last quarter. Christopher J. Hasenberg Inc increased its holdings 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 in the last quarter. First PREMIER Bank raised its position in Alphabet by 3.8% in 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 last quarter. Finally, MKT Advisors LLC boosted its stake in Alphabet by 0.8% in the third 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. Institutional investors own 40.03% of the company's stock.

Alphabet Stock Up 4.0 %

Shares of GOOGL traded up $6.77 during midday trading on Wednesday, hitting $176.51. The stock had a trading volume of 33,676,915 shares, compared to its average volume of 27,207,359. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The firm has a market cap of $2.17 trillion, a price-to-earnings ratio of 23.41, a price-to-earnings-growth ratio of 1.22 and a beta of 1.03. The company has a 50 day simple moving average of $162.86 and a two-hundred day simple moving average of $169.36. Alphabet Inc. has a twelve month low of $127.90 and a twelve month high of $191.75.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results 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 return on equity of 31.66% and a net margin of 27.74%. The business had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.85 billion. During the same quarter last year, the firm earned $1.55 EPS. On average, analysts anticipate 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 given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend is Monday, December 9th. Alphabet's dividend payout ratio (DPR) is currently 10.61%.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 682 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $160.44, for a total value of $109,420.08. Following the completion of the transaction, the chief accounting officer now directly owns 32,017 shares in the company, valued at $5,136,807.48. 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 available through this link. In other Alphabet news, CAO Amie Thuener O'toole sold 682 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $160.44, for a total value of $109,420.08. Following the completion of the sale, the chief accounting officer now owns 32,017 shares in the company, valued at $5,136,807.48. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John L. Hennessy sold 800 shares of the business's stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $163.03, for a total transaction of $130,424.00. Following the transaction, the director now owns 30,024 shares in the company, valued at $4,894,812.72. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 232,052 shares of company stock worth $38,424,448. Insiders own 11.55% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on GOOGL shares. KeyCorp lifted their price target on Alphabet from $200.00 to $215.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. China Renaissance raised shares of Alphabet from a "hold" rating to a "buy" rating in a research note on Thursday, October 31st. Tigress Financial increased their price target on shares of Alphabet from $210.00 to $220.00 and gave the company a "strong-buy" rating in a research note on Thursday, September 26th. DA Davidson initiated coverage on shares of Alphabet in a research report on Tuesday, September 10th. They issued a "neutral" rating and a $170.00 price objective for the company. Finally, Pivotal Research increased their price objective on Alphabet from $215.00 to $225.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Seven research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and five have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Alphabet currently has an average rating of "Moderate Buy" and a consensus price target of $205.90.

Alphabet 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.