Alphabet Inc. $GOOGL is D L Carlson Investment Group Inc.’s 7th Largest Position

D L Carlson Investment Group Inc. cut its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.0% during the second quarter, HoldingsChannel reports. The firm owned 90,563 shares of the information services provider’s stock after selling 2,835 shares during the quarter. Alphabet comprises 2.9% of D L Carlson Investment Group Inc.’s holdings, making the stock its 7th largest position. D L Carlson Investment Group Inc.’s holdings in Alphabet were worth $15,960,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of GOOGL. Financial Gravity Companies Inc. purchased a new position in Alphabet during the second quarter worth $31,000. CarsonAllaria Wealth Management Ltd. raised its stake in shares of Alphabet by 36.4% in the second quarter. CarsonAllaria Wealth Management Ltd. now owns 251 shares of the information services provider’s stock valued at $44,000 after acquiring an additional 67 shares during the period. Vermillion & White Wealth Management Group LLC lifted its holdings in shares of Alphabet by 37.9% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 324 shares of the information services provider’s stock worth $57,000 after acquiring an additional 89 shares during the last quarter. S&T Bank PA boosted its stake in shares of Alphabet by 40.2% during the 2nd quarter. S&T Bank PA now owns 345 shares of the information services provider’s stock worth $61,000 after purchasing an additional 99 shares during the period. Finally, Christopher J. Hasenberg Inc boosted its stake in shares of Alphabet by 77.6% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 348 shares of the information services provider’s stock worth $61,000 after purchasing an additional 152 shares during the period. 40.03% of the stock is owned by institutional investors.

Insider Buying and Selling at Alphabet

In related news, Director Frances Arnold sold 102 shares of Alphabet stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $317.66, for a total transaction of $32,401.32. Following the transaction, the director directly owned 18,104 shares of the company’s stock, valued at $5,750,916.64. This trade represents a 0.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $319.50, for a total transaction of $10,383,750.00. Following the completion of the transaction, the chief executive officer directly owned 2,272,119 shares of the company’s stock, valued at $725,942,020.50. This trade represents a 1.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 226,128 shares of company stock worth $61,326,372 over the last quarter. 11.64% of the stock is currently owned by company insiders.

Analyst Ratings Changes

GOOGL has been the subject of several analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Alphabet in a research note on Wednesday, October 8th. Stifel Nicolaus set a $333.00 price target on Alphabet in a report on Thursday, October 30th. Royal Bank Of Canada restated a “buy” rating and set a $315.00 price objective on shares of Alphabet in a report on Tuesday, December 2nd. Needham & Company LLC upped their price objective on Alphabet from $260.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Finally, Melius Research lifted their target price on Alphabet from $220.00 to $255.00 in a research report on Thursday, September 25th. Four research analysts have rated the stock with a Strong Buy rating, forty-one have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and a consensus price target of $312.65.

Alphabet Price Performance

Shares of GOOGL stock opened at $320.21 on Thursday. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $328.83. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06. The stock has a fifty day simple moving average of $280.53 and a two-hundred day simple moving average of $227.61. The stock has a market capitalization of $3.86 trillion, a price-to-earnings ratio of 31.58, a P/E/G ratio of 1.84 and a beta of 1.07.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.58. Alphabet had a return on equity of 35.00% and a net margin of 32.23%.The firm had revenue of $102.35 billion during the quarter, compared to the consensus estimate of $99.90 billion. On average, analysts predict that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm 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 $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, December 8th. 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.