26,677 Shares in Alphabet Inc. $GOOG Acquired by Dynasty Wealth Management LLC

Dynasty Wealth Management LLC bought a new position in shares of Alphabet Inc. (NASDAQ:GOOGFree Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 26,677 shares of the information services provider’s stock, valued at approximately $6,497,000.

A number of other institutional investors also recently modified their holdings of GOOG. Jackson Thornton Wealth Management LLC boosted its holdings in shares of Alphabet by 38.3% during the 3rd quarter. Jackson Thornton Wealth Management LLC now owns 5,961 shares of the information services provider’s stock worth $1,463,000 after buying an additional 1,652 shares during the period. Vaughan David Investments LLC IL lifted its position in Alphabet by 8.9% during the 3rd quarter. Vaughan David Investments LLC IL now owns 5,556 shares of the information services provider’s stock worth $1,353,000 after acquiring an additional 453 shares during the last quarter. Global View Capital Management LLC bought a new stake in Alphabet during the third quarter valued at about $256,000. Inscription Capital LLC boosted its holdings in Alphabet by 7.7% during the third quarter. Inscription Capital LLC now owns 52,494 shares of the information services provider’s stock valued at $12,785,000 after acquiring an additional 3,743 shares during the period. Finally, Live Oak Investment Partners grew its position in shares of Alphabet by 0.7% in the third quarter. Live Oak Investment Partners now owns 10,679 shares of the information services provider’s stock valued at $2,601,000 after purchasing an additional 69 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.

Trending Headlines about Alphabet

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Analyst Ratings Changes

Several analysts recently weighed in on the company. Mizuho set a $325.00 target price on Alphabet in a research note on Thursday, October 30th. Barclays raised their price objective on shares of Alphabet from $250.00 to $315.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Bank of America upped their target price on shares of Alphabet from $280.00 to $335.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Raymond James Financial raised shares of Alphabet from an “outperform” rating to a “strong-buy” rating and increased their price target for the company from $315.00 to $400.00 in a report on Thursday. Finally, Sanford C. Bernstein boosted their price objective on shares of Alphabet from $260.00 to $305.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Eight analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $327.13.

Check Out Our Latest Research Report on GOOG

Alphabet Price Performance

Alphabet stock opened at $333.59 on Tuesday. The business has a 50 day simple moving average of $317.29 and a 200 day simple moving average of $262.47. 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 company has a market capitalization of $4.03 trillion, a PE ratio of 32.90, a price-to-earnings-growth ratio of 1.81 and a beta of 1.09. Alphabet Inc. has a one year low of $142.66 and a one year high of $341.20.

Alphabet (NASDAQ:GOOGGet Free Report) last released its quarterly earnings data on Thursday, October 30th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $99.90 billion. During the same period in the prior year, the company posted $2.12 earnings per share. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, sell-side analysts forecast that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

Insider Buying and Selling at Alphabet

In related news, insider John Kent Walker sold 17,829 shares of the stock in a transaction that occurred on Tuesday, December 30th. The stock was sold at an average price of $314.89, for a total transaction of $5,614,173.81. Following the sale, the insider directly owned 42,972 shares in the company, valued at $13,531,453.08. This represents a 29.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $319.50, for a total value of $10,383,750.00. Following the completion of the transaction, the chief executive officer owned 2,272,119 shares of the company’s stock, valued at approximately $725,942,020.50. The trade was a 1.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 225,187 shares of company stock worth $69,365,318 over the last ninety days. Corporate insiders own 12.99% of the company’s stock.

Alphabet Company Profile

(Free Report)

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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