Alphabet Inc. (NASDAQ:GOOGL) Stock Position Raised by Stephens Inc. AR

Stephens Inc. AR grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 271,612 shares of the information services provider's stock after buying an additional 9,971 shares during the period. Alphabet accounts for about 0.6% of Stephens Inc. AR's holdings, making the stock its 28th largest holding. Stephens Inc. AR's holdings in Alphabet were worth $45,047,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of GOOGL. Norris Perne & French LLP MI lifted its holdings in shares of Alphabet by 1.0% in the 3rd quarter. Norris Perne & French LLP MI now owns 418,256 shares of the information services provider's stock valued at $69,368,000 after purchasing an additional 4,255 shares during the last quarter. Lincluden Management Ltd. lifted its holdings in shares of Alphabet by 0.9% in the 3rd quarter. Lincluden Management Ltd. now owns 50,204 shares of the information services provider's stock valued at $8,326,000 after purchasing an additional 469 shares during the last quarter. Pacific Wealth Strategies Group Inc. lifted its holdings in shares of Alphabet by 23.1% in the 3rd quarter. Pacific Wealth Strategies Group Inc. now owns 26,930 shares of the information services provider's stock valued at $4,466,000 after purchasing an additional 5,045 shares during the last quarter. LCM Capital Management Inc lifted its holdings in shares of Alphabet by 2.1% in the 3rd quarter. LCM Capital Management Inc now owns 20,940 shares of the information services provider's stock valued at $3,473,000 after purchasing an additional 434 shares during the last quarter. Finally, Oak Ridge Investments LLC lifted its holdings in shares of Alphabet by 7.1% in the 3rd quarter. Oak Ridge Investments LLC now owns 141,586 shares of the information services provider's stock valued at $23,482,000 after purchasing an additional 9,352 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the company. Royal Bank of Canada upped their price objective on Alphabet from $204.00 to $210.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. UBS Group upped their price objective on Alphabet from $200.00 to $204.00 and gave the company a "neutral" rating in a research note on Wednesday, July 24th. Morgan Stanley upped their price objective on Alphabet from $190.00 to $205.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Loop Capital upped their price objective on Alphabet from $170.00 to $185.00 and gave the company a "hold" rating in a research note on Wednesday, November 6th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $210.00 price objective (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 given a buy rating and five have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $205.90.

Insider Activity

In other news, Director Kavitark Ram Shriram sold 10,500 shares of the business's stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $180.78, for a total transaction of $1,898,190.00. Following the completion of the transaction, the director now directly owns 330,466 shares in the company, valued at approximately $59,741,643.48. The trade was a 3.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John L. Hennessy sold 700 shares of the company's stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $165.00, for a total value of $115,500.00. Following the completion of the sale, the director now owns 29,324 shares of the company's stock, valued at $4,838,460. This trade represents a 2.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 207,495 shares of company stock valued at $34,586,641. 11.55% of the stock is currently owned by insiders.

Alphabet Stock Down 1.8 %

Alphabet stock traded down $3.30 during midday trading on Thursday, hitting $175.58. The stock had a trading volume of 30,994,235 shares, compared to its average volume of 27,120,920. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The stock has a market cap of $2.15 trillion, a P/E ratio of 23.27, a P/E/G ratio of 1.29 and a beta of 1.03. Alphabet Inc. has a 12 month low of $127.90 and a 12 month high of $191.75. The business has a fifty day moving average price of $164.82 and a 200 day moving average price of $170.04.

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 for the quarter, beating the consensus estimate of $1.83 by $0.29. The firm had revenue of $88.27 billion during the quarter, compared to analyst estimates 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 previous year, the company earned $1.55 earnings per share. Research analysts predict that Alphabet Inc. will post 7.99 EPS for the current 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 issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Monday, December 9th. Alphabet's dividend payout ratio (DPR) is presently 10.61%.

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.