United Asset Strategies Inc. lifted its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 180,346 shares of the information services provider's stock after purchasing an additional 4,756 shares during the period. Alphabet comprises about 2.8% of United Asset Strategies Inc.'s portfolio, making the stock its 7th biggest holding. United Asset Strategies Inc.'s holdings in Alphabet were worth $29,910,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the company. Whelan Financial raised its position in Alphabet by 5.3% during the third quarter. Whelan Financial now owns 3,509 shares of the information services provider's stock worth $582,000 after acquiring an additional 178 shares during the period. AustralianSuper Pty Ltd grew its holdings in shares of Alphabet by 33.2% during the third quarter. AustralianSuper Pty Ltd now owns 7,659,351 shares of the information services provider's stock worth $1,270,303,000 after buying an additional 1,910,692 shares in the last quarter. Palumbo Wealth Management LLC grew its holdings in shares of Alphabet by 2.6% during the third quarter. Palumbo Wealth Management LLC now owns 12,005 shares of the information services provider's stock worth $1,991,000 after buying an additional 307 shares in the last quarter. Nikulski Financial Inc. grew its holdings in shares of Alphabet by 1.2% during the third quarter. Nikulski Financial Inc. now owns 57,758 shares of the information services provider's stock worth $9,579,000 after buying an additional 674 shares in the last quarter. Finally, Bank Hapoalim BM grew its holdings in shares of Alphabet by 5.3% during the third quarter. Bank Hapoalim BM now owns 9,090 shares of the information services provider's stock worth $1,508,000 after buying an additional 456 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, SVP Prabhakar Raghavan sold 34,257 shares of the firm's stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 312,210 shares in the company, valued at approximately $50,765,346. 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 accessible through this link. In other news, SVP Prabhakar Raghavan sold 34,257 shares of the firm's stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 312,210 shares in the company, valued at approximately $50,765,346. 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 accessible through this link. Also, insider John Kent Walker sold 21,467 shares of Alphabet stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $160.35, for a total transaction of $3,442,233.45. Following the completion of the transaction, the insider now owns 39,334 shares in the company, valued at approximately $6,307,206.90. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 241,752 shares of company stock valued at $40,156,829. 11.55% of the stock is owned by corporate insiders.
Alphabet Stock Down 1.5 %
NASDAQ:GOOGL traded down $2.74 during mid-day trading on Wednesday, hitting $178.88. The stock had a trading volume of 23,170,800 shares, compared to its average volume of 27,102,947. The stock has a 50-day simple moving average of $164.37 and a two-hundred day simple moving average of $169.98. The company has a market capitalization of $2.19 trillion, a PE ratio of 23.79, a PEG ratio of 1.29 and a beta of 1.03. Alphabet Inc. has a twelve month low of $127.90 and a twelve month 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 released its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The company had revenue of $88.27 billion for the quarter, compared to analysts' expectations of $72.85 billion. During the same quarter last year, the company earned $1.55 earnings per share. On average, equities research analysts anticipate that Alphabet Inc. will post 7.99 EPS for the current year.
Alphabet Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.45%. Alphabet's payout ratio is currently 10.61%.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on GOOGL. Citigroup upped their target price on shares of Alphabet from $190.00 to $212.00 and gave the stock a "buy" rating in a report on Wednesday, July 24th. Wedbush reaffirmed an "outperform" rating and set a $205.00 target price on shares of Alphabet in a report on Thursday, October 24th. Wolfe Research assumed coverage on shares of Alphabet in a report on Tuesday, July 16th. They set an "outperform" rating and a $240.00 target price for the company. Guggenheim upped their price objective on shares of Alphabet from $195.00 to $205.00 and gave the company a "buy" rating in a report on Wednesday, July 24th. Finally, Seaport Res Ptn raised shares of Alphabet from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 29th. Seven investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and five have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $205.90.
Read Our Latest Stock Analysis on Alphabet
Alphabet Profile
(
Free Report)
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.
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