Alphabet Inc. $GOOG Holdings Boosted by Elwood & Goetz Wealth Advisory Group LLC

Elwood & Goetz Wealth Advisory Group LLC boosted its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,576 shares of the information services provider’s stock after purchasing an additional 85 shares during the period. Elwood & Goetz Wealth Advisory Group LLC’s holdings in Alphabet were worth $989,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Chicago Capital LLC grew its position in Alphabet by 5.3% during the 2nd quarter. Chicago Capital LLC now owns 99,064 shares of the information services provider’s stock worth $17,573,000 after purchasing an additional 4,961 shares in the last quarter. Trivium Point Advisory LLC grew its position in Alphabet by 3.6% during the 2nd quarter. Trivium Point Advisory LLC now owns 47,820 shares of the information services provider’s stock worth $8,483,000 after purchasing an additional 1,647 shares in the last quarter. Emerald Advisors LLC grew its position in Alphabet by 3.2% during the 2nd quarter. Emerald Advisors LLC now owns 14,099 shares of the information services provider’s stock worth $2,501,000 after purchasing an additional 440 shares in the last quarter. Eagle Wealth Strategies LLC grew its position in Alphabet by 2.1% during the 2nd quarter. Eagle Wealth Strategies LLC now owns 4,955 shares of the information services provider’s stock worth $879,000 after purchasing an additional 101 shares in the last quarter. Finally, Robbins Farley grew its position in Alphabet by 60.0% during the 2nd quarter. Robbins Farley now owns 160 shares of the information services provider’s stock worth $28,000 after purchasing an additional 60 shares in the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GOOG has been the subject of a number of research reports. KeyCorp set a $265.00 target price on shares of Alphabet in a research note on Wednesday, September 3rd. Pivotal Research lifted their target price on shares of Alphabet from $245.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, September 3rd. JPMorgan Chase & Co. lifted their target price on shares of Alphabet from $232.00 to $260.00 and gave the company an “overweight” rating in a research note on Wednesday, September 3rd. Phillip Securities lowered shares of Alphabet from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, September 8th. Finally, UBS Group lifted their target price on shares of Alphabet from $186.00 to $192.00 and gave the company a “neutral” rating in a research note on Wednesday, July 16th. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and an average target price of $230.35.

Alphabet Stock Up 0.8%

GOOG stock opened at $245.54 on Thursday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $256.70. The company has a fifty day simple moving average of $219.78 and a 200 day simple moving average of $185.88. The firm has a market cap of $2.97 trillion, a PE ratio of 26.15, a PEG ratio of 1.64 and a beta of 1.00.

Alphabet (NASDAQ:GOOG) last released its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.19. The firm had revenue of $96.43 billion during the quarter, compared to analyst estimates of $93.67 billion. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The business’s revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.89 EPS. Sell-side analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 8th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, September 8th. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. Alphabet’s payout ratio is currently 8.95%.

Insider Activity

In other Alphabet news, CAO Amie Thuener O’toole sold 2,778 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $245.00, for a total transaction of $680,610.00. Following the completion of the transaction, the chief accounting officer owned 17,293 shares of the company’s stock, valued at $4,236,785. The trade was a 13.84% 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, insider John Kent Walker sold 23,820 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $194.70, for a total transaction of $4,637,754.00. Following the transaction, the insider directly owned 42,999 shares of the company’s stock, valued at $8,371,905.30. This represents a 35.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold 243,285 shares of company stock worth $50,994,787 in the last 90 days. Insiders own 12.99% of the company’s stock.

Alphabet Company 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.