Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Strategic Wealth Investment Group LLC

Strategic Wealth Investment Group LLC increased its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 63.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,166 shares of the information services provider's stock after buying an additional 39,309 shares during the quarter. Alphabet accounts for 1.8% of Strategic Wealth Investment Group LLC's portfolio, making the stock its 16th largest position. Strategic Wealth Investment Group LLC's holdings in Alphabet were worth $16,894,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of GOOGL. China Universal Asset Management Co. Ltd. lifted its position in Alphabet by 70.6% in the first 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 purchasing an additional 41,880 shares during the last quarter. Tanager Wealth Management LLP increased its position in shares of Alphabet by 4.0% in the first quarter. Tanager Wealth Management LLP now owns 22,454 shares of the information services provider's stock valued at $3,389,000 after acquiring an additional 864 shares during the period. High Note Wealth LLC raised its stake in shares of Alphabet by 5.9% during the first quarter. High Note Wealth LLC now owns 48,484 shares of the information services provider's stock valued at $7,318,000 after acquiring an additional 2,681 shares during the last quarter. Westwood Wealth Management purchased a new stake in shares of Alphabet during the first quarter worth about $9,478,000. Finally, REDW Wealth LLC grew its stake in shares of Alphabet by 3.4% in the first quarter. REDW Wealth LLC now owns 6,384 shares of the information services provider's stock worth $964,000 after purchasing an additional 210 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GOOGL. Guggenheim upped their price target on Alphabet from $195.00 to $205.00 and gave the company a "buy" rating in a research report on Wednesday, July 24th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $217.00 price target (up previously from $215.00) on shares of Alphabet in a research note on Wednesday, October 30th. Roth Mkm boosted their price objective on shares of Alphabet from $206.00 to $212.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Tigress Financial raised their target price on shares of Alphabet from $210.00 to $220.00 and gave the stock a "strong-buy" rating in a research report on Thursday, September 26th. Finally, Mizuho boosted their price target on shares of Alphabet from $205.00 to $210.00 and gave the company an "outperform" rating in a research report on Wednesday, July 24th. Seven research 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. Based on data from MarketBeat, Alphabet presently has an average rating of "Moderate Buy" and an average price target of $205.90.

Alphabet Price Performance

NASDAQ:GOOGL traded down $2.40 on Friday, reaching $178.35. 22,006,182 shares of the company's stock traded hands, compared to its average volume of 25,879,976. The stock has a 50-day simple moving average of $163.54 and a 200-day simple moving average of $169.67. Alphabet Inc. has a 12 month low of $127.90 and a 12 month high of $191.75. The firm has a market cap of $2.18 trillion, a PE ratio of 23.65, a P/E/G ratio of 1.25 and a beta of 1.03. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping the consensus estimate of $1.83 by $0.29. The firm had revenue of $88.27 billion for the quarter, compared to the consensus estimate 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 previous year, the firm earned $1.55 earnings per share. Equities research analysts forecast that Alphabet Inc. will post 7.99 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Monday, December 9th. Alphabet's payout ratio is 10.61%.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O'toole sold 2,835 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $151.53, for a total value of $429,587.55. Following the sale, the chief accounting officer now owns 29,182 shares of the company's stock, valued at approximately $4,421,948.46. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CAO Amie Thuener O'toole sold 2,835 shares of Alphabet stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $151.53, for a total transaction of $429,587.55. Following the completion of the sale, the chief accounting officer now directly owns 29,182 shares in the company, valued at approximately $4,421,948.46. 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 can be accessed through this link. Also, Director Kavitark Ram Shriram sold 10,500 shares of the company's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $177.41, for a total transaction of $1,862,805.00. Following the completion of the transaction, the director now owns 319,966 shares in the company, valued at $56,765,168.06. 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 sold 242,552 shares of company stock worth $40,287,253. 11.55% of the stock is currently owned by company insiders.

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.