Blueprint Investment Partners LLC Decreases Stock Holdings in Alphabet Inc. $GOOGL

Blueprint Investment Partners LLC reduced its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 47.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 12,641 shares of the information services provider’s stock after selling 11,462 shares during the quarter. Blueprint Investment Partners LLC’s holdings in Alphabet were worth $2,228,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GOOGL. NBZ Investment Advisors LLC grew its stake in shares of Alphabet by 85.7% in the 1st quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider’s stock worth $30,000 after buying an additional 90 shares in the last quarter. Financial Gravity Companies Inc. purchased a new position in Alphabet in the second quarter worth about $31,000. CarsonAllaria Wealth Management Ltd. grew its position in Alphabet by 36.4% in the second quarter. CarsonAllaria Wealth Management Ltd. now owns 251 shares of the information services provider’s stock worth $44,000 after acquiring an additional 67 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new stake in Alphabet during the first quarter worth approximately $50,000. Finally, Christopher J. Hasenberg Inc raised its position in Alphabet by 77.6% during the second quarter. Christopher J. Hasenberg Inc now owns 348 shares of the information services provider’s stock valued at $61,000 after purchasing an additional 152 shares during the period. Institutional investors own 40.03% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on GOOGL shares. JPMorgan Chase & Co. boosted their target price on Alphabet from $300.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. China Renaissance boosted their price objective on shares of Alphabet from $207.00 to $330.00 and gave the company a “buy” rating in a research report on Friday, October 31st. The Goldman Sachs Group increased their target price on shares of Alphabet from $288.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. New Street Research lifted their price target on shares of Alphabet from $275.00 to $295.00 in a research note on Friday, October 24th. Finally, Truist Financial upped their price target on shares of Alphabet from $285.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Four research analysts have rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $312.06.

Insider Transactions at Alphabet

In other Alphabet news, insider John Kent Walker sold 17,816 shares of the firm’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $247.42, for a total transaction of $4,408,034.72. Following the transaction, the insider owned 42,985 shares of the company’s stock, valued at approximately $10,635,348.70. This trade represents a 29.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $243.41, for a total transaction of $7,910,825.00. Following the completion of the sale, the chief executive officer owned 2,402,119 shares of the company’s stock, valued at approximately $584,699,785.79. This represents a 1.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 193,628 shares of company stock valued at $50,942,622. 11.64% of the stock is currently owned by corporate insiders.

Alphabet Price Performance

Alphabet stock opened at $319.63 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.75. The stock has a market cap of $3.86 trillion, a price-to-earnings ratio of 31.52, a price-to-earnings-growth ratio of 1.82 and a beta of 1.07. The firm has a 50-day moving average of $273.22 and a two-hundred day moving average of $222.36. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $328.83.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Wednesday, October 29th. The information services provider reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.58. Alphabet had a net margin of 32.23% and a return on equity of 35.00%. The business had revenue of $102.35 billion for the quarter, compared to analyst estimates of $99.90 billion. On average, research analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 8th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, December 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet’s dividend payout ratio is presently 8.28%.

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.