JFS Wealth Advisors LLC Boosts Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

JFS Wealth Advisors LLC boosted its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 93.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,617 shares of the information services provider's stock after buying an additional 14,808 shares during the period. JFS Wealth Advisors LLC's holdings in Alphabet were worth $5,078,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. lifted its stake in shares of Alphabet by 70.6% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 101,230 shares of the information services provider's stock valued at $15,279,000 after acquiring an additional 41,880 shares during the last quarter. Quent Capital LLC increased its stake in shares of Alphabet by 3.6% in the first quarter. Quent Capital LLC now owns 31,171 shares of the information services provider's stock valued at $4,705,000 after buying an additional 1,072 shares during the period. Baron Silver Stevens Financial Advisors LLC raised its holdings in Alphabet by 9.5% in the 1st quarter. Baron Silver Stevens Financial Advisors LLC now owns 10,325 shares of the information services provider's stock valued at $1,558,000 after buying an additional 898 shares during the last quarter. Magnolia Capital Advisors LLC boosted its position in Alphabet by 12.6% during the 1st quarter. Magnolia Capital Advisors LLC now owns 20,123 shares of the information services provider's stock worth $3,101,000 after buying an additional 2,259 shares during the period. Finally, Pacific Wealth Strategies Group Inc. grew its holdings in Alphabet by 2.6% during the 1st quarter. Pacific Wealth Strategies Group Inc. now owns 23,391 shares of the information services provider's stock worth $3,530,000 after acquiring an additional 595 shares during the last quarter. 40.03% of the stock is owned by institutional investors.

Alphabet Trading Up 0.7 %

GOOGL stock traded up $1.27 during trading on Tuesday, hitting $181.62. 25,122,860 shares of the company traded hands, compared to its average volume of 27,119,752. 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 company has a 50-day moving average of $163.88 and a 200-day moving average of $169.91. The firm has a market capitalization of $2.22 trillion, a PE ratio of 23.84, a P/E/G ratio of 1.27 and a beta of 1.03. Alphabet Inc. has a 1 year low of $127.90 and a 1 year high of $191.75.

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 for the quarter, beating the consensus estimate 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 net margin of 27.74% and a return on equity of 31.66%. During the same quarter in the prior year, the company posted $1.55 EPS. Analysts predict that Alphabet Inc. will post 7.99 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

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 given a $0.20 dividend. The ex-dividend date is Monday, December 9th. This represents a $0.80 annualized dividend and a dividend yield of 0.44%. Alphabet's dividend payout ratio is 10.61%.

Analyst Ratings Changes

GOOGL has been the topic of several analyst reports. UBS Group boosted their price objective on shares of Alphabet from $200.00 to $204.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 24th. KeyCorp lifted their price objective on Alphabet from $200.00 to $215.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Cantor Fitzgerald reissued a "neutral" rating and set a $190.00 target price on shares of Alphabet in a research report on Wednesday, October 30th. Needham & Company LLC restated a "buy" rating and issued a $210.00 target price on shares of Alphabet in a research note on Wednesday, October 30th. Finally, Wedbush reaffirmed an "outperform" rating and set a $205.00 price target on shares of Alphabet in a research report on Thursday, October 24th. Seven investment 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 an average rating of "Moderate Buy" and a consensus target price of $205.90.

Insider Activity

In other Alphabet news, SVP Prabhakar Raghavan sold 34,257 shares of Alphabet stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the sale, the senior vice president now directly owns 312,210 shares of the company's stock, valued at approximately $50,765,346. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, SVP Prabhakar Raghavan sold 34,257 shares of the business's stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the sale, the senior vice president now owns 312,210 shares in the company, valued at approximately $50,765,346. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the company's stock in a transaction dated 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 sale, the chief executive officer now directly owns 2,159,885 shares in the company, valued at $362,126,319.10. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 241,752 shares of company stock valued at $40,156,829. Corporate insiders own 11.55% of the company's stock.

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.