Alphabet Inc. $GOOG Shares Bought by Cascade Financial Partners LLC

Cascade Financial Partners LLC grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 8.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,495 shares of the information services provider’s stock after purchasing an additional 1,400 shares during the period. Cascade Financial Partners LLC’s holdings in Alphabet were worth $3,103,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Boston Partners boosted its position in shares of Alphabet by 239.7% during the 2nd quarter. Boston Partners now owns 63,128 shares of the information services provider’s stock valued at $11,198,000 after purchasing an additional 44,546 shares in the last quarter. Clarity Wealth Advisors LLC grew its position in Alphabet by 1.7% during the 2nd quarter. Clarity Wealth Advisors LLC now owns 32,659 shares of the information services provider’s stock worth $5,793,000 after purchasing an additional 551 shares in the last quarter. Cvfg LLC raised its stake in Alphabet by 3.5% during the 2nd quarter. Cvfg LLC now owns 3,259 shares of the information services provider’s stock valued at $578,000 after purchasing an additional 111 shares during the period. Weil Company Inc. raised its stake in Alphabet by 1.2% during the 2nd quarter. Weil Company Inc. now owns 8,929 shares of the information services provider’s stock valued at $1,584,000 after purchasing an additional 110 shares during the period. Finally, Nwam LLC lifted its holdings in shares of Alphabet by 1.5% in the second quarter. Nwam LLC now owns 10,037 shares of the information services provider’s stock valued at $1,780,000 after purchasing an additional 149 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $250.15, for a total value of $8,129,875.00. Following the completion of the sale, the chief executive officer owned 2,369,619 shares of the company’s stock, valued at $592,760,192.85. The trade was a 1.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 2,778 shares of the company’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $245.00, for a total value of $680,610.00. Following the sale, the chief accounting officer owned 17,293 shares of the company’s stock, valued at approximately $4,236,785. This trade represents a 13.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 221,796 shares of company stock worth $53,983,001 over the last three months. Corporate insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

GOOG has been the topic of several recent analyst reports. KeyCorp reissued an “overweight” rating and set a $330.00 price target on shares of Alphabet in a research report on Thursday, October 30th. Barclays lifted their target price on Alphabet from $250.00 to $315.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Robert W. Baird raised their price target on shares of Alphabet from $215.00 to $275.00 and gave the stock an “outperform” rating in a report on Monday, September 22nd. Cantor Fitzgerald set a $310.00 price objective on shares of Alphabet and gave the company a “neutral” rating in a research report on Thursday, October 30th. Finally, Hsbc Global Res upgraded shares of Alphabet to a “strong-buy” rating in a research report on Tuesday, October 7th. Five analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $324.81.

Alphabet Trading Up 0.4%

NASDAQ:GOOG opened at $291.74 on Wednesday. The company has a market capitalization of $3.53 trillion, a P/E ratio of 28.77, a P/E/G ratio of 1.86 and a beta of 1.05. The stock’s 50 day moving average price is $254.94 and its 200 day moving average price is $207.64. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $292.34.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Wednesday, October 29th. The information services provider reported $2.87 EPS for the quarter, topping the consensus estimate of $2.29 by $0.58. Alphabet had a net margin of 32.23% and a return on equity of 36.08%. The company had revenue of $102.35 billion during the quarter, compared to the consensus estimate of $99.90 billion. During the same period in the previous year, the firm posted $2.12 earnings per share. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, research analysts forecast that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 8th will be given 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 is Monday, December 8th. Alphabet’s dividend payout ratio is presently 8.28%.

About Alphabet

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.