Arlington Financial Advisors LLC Grows Stock Holdings in Alphabet Inc. $GOOGL

Arlington Financial Advisors LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 13.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,300 shares of the information services provider’s stock after buying an additional 3,717 shares during the period. Alphabet makes up 1.1% of Arlington Financial Advisors LLC’s holdings, making the stock its 24th largest position. Arlington Financial Advisors LLC’s holdings in Alphabet were worth $7,609,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Trust Co lifted its stake in shares of Alphabet by 434.5% in the 3rd quarter. Charles Schwab Trust Co now owns 15,854 shares of the information services provider’s stock valued at $3,854,000 after purchasing an additional 12,888 shares during the period. Tlwm raised its stake in shares of Alphabet by 2.7% in the 3rd quarter. Tlwm now owns 12,202 shares of the information services provider’s stock valued at $2,966,000 after acquiring an additional 320 shares during the period. CWC Advisors LLC. acquired a new position in Alphabet in the 3rd quarter valued at about $978,000. Sound Income Strategies LLC grew its stake in shares of Alphabet by 0.4% in the third quarter. Sound Income Strategies LLC now owns 46,109 shares of the information services provider’s stock worth $11,137,000 after acquiring an additional 201 shares in the last quarter. Finally, Thomasville National Bank grew its position in shares of Alphabet by 1.0% during the third quarter. Thomasville National Bank now owns 10,321 shares of the information services provider’s stock worth $2,509,000 after buying an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $314.06 on Friday. The firm has a market cap of $3.79 trillion, a PE ratio of 30.97, a price-to-earnings-growth ratio of 1.81 and a beta of 1.07. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $328.83. The business has a 50 day moving average price of $294.39 and a two-hundred day moving average price of $237.80.

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

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 8th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, December 8th. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. Alphabet’s dividend payout ratio is 8.28%.

Insider Activity

In related news, insider John Kent Walker sold 17,816 shares of Alphabet 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 sale, the insider directly owned 42,985 shares in the company, valued at $10,635,348.70. The trade was a 29.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $283.48, for a total value of $9,213,100.00. Following the sale, the chief executive officer directly owned 2,337,119 shares in the company, valued at approximately $662,526,494.12. The trade was a 1.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 226,128 shares of company stock valued at $63,183,331. 11.64% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on GOOGL. KeyCorp restated an “overweight” rating and set a $300.00 target price (up previously from $265.00) on shares of Alphabet in a research note on Monday, October 27th. Citizens Jmp lifted their price target on Alphabet from $250.00 to $290.00 and gave the company an “outperform” rating in a research note on Friday, September 19th. Rosenblatt Securities lifted their price objective on Alphabet from $224.00 to $279.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Citigroup increased their target price on Alphabet from $343.00 to $350.00 and gave the company a “buy” rating in a report on Friday, December 19th. Finally, New Street Research boosted their price target on Alphabet from $275.00 to $295.00 in a report on Friday, October 24th. Four investment 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 MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $315.90.

About Alphabet

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.