Nordwand Advisors LLC Increases Position in Alphabet Inc. $GOOGL

Nordwand Advisors LLC increased its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 56,143.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,060 shares of the information services provider’s stock after acquiring an additional 23,019 shares during the quarter. Nordwand Advisors LLC’s holdings in Alphabet were worth $4,064,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the business. WBI Investments LLC increased its holdings in Alphabet by 309.0% during the 2nd quarter. WBI Investments LLC now owns 11,022 shares of the information services provider’s stock worth $1,942,000 after purchasing an additional 8,327 shares during the last quarter. Chiron Capital Management LLC grew its position in shares of Alphabet by 26.2% during the second quarter. Chiron Capital Management LLC now owns 7,366 shares of the information services provider’s stock worth $1,298,000 after buying an additional 1,527 shares in the last quarter. LSV Asset Management increased its stake in shares of Alphabet by 196,249.4% in the second quarter. LSV Asset Management now owns 636,172 shares of the information services provider’s stock worth $112,113,000 after buying an additional 635,848 shares during the last quarter. Root Financial Partners LLC raised its holdings in Alphabet by 12.1% in the second quarter. Root Financial Partners LLC now owns 27,635 shares of the information services provider’s stock valued at $4,870,000 after acquiring an additional 2,983 shares in the last quarter. Finally, Mosaic Family Wealth Partners LLC raised its holdings in Alphabet by 2.6% in the second quarter. Mosaic Family Wealth Partners LLC now owns 4,855 shares of the information services provider’s stock valued at $856,000 after acquiring an additional 122 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Trading Up 0.0%

NASDAQ:GOOGL opened at $320.02 on Friday. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $328.83. The firm has a market capitalization of $3.86 trillion, a P/E ratio of 31.56, a P/E/G ratio of 1.86 and a beta of 1.05. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. The business has a 50 day simple moving average of $269.25 and a 200 day simple moving average of $219.18.

Alphabet (NASDAQ:GOOGL) last issued 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 firm had revenue of $102.35 billion for the quarter, compared to analyst estimates of $99.90 billion. Alphabet had a return on equity of 36.08% and a net margin of 32.23%. Equities research analysts predict that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

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

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 2,778 shares of Alphabet stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $250.05, for a total transaction of $694,638.90. Following the sale, the chief accounting officer owned 14,516 shares of the company’s stock, valued at approximately $3,629,725.80. The trade was a 16.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider John Kent Walker sold 17,816 shares of the stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $247.42, for a total value of $4,408,034.72. Following the completion of the transaction, the insider directly owned 42,985 shares of the company’s stock, valued at $10,635,348.70. This trade represents a 29.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 225,072 shares of company stock valued at $58,074,027 in the last ninety days. Company insiders own 11.64% of the company’s stock.

Analyst Ratings Changes

GOOGL has been the subject of several recent analyst reports. BMO Capital Markets set a $294.00 price objective on shares of Alphabet and gave the stock an “outperform” rating in a report on Thursday, October 9th. The Goldman Sachs Group boosted their price objective on Alphabet from $288.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Wells Fargo & Company upped their price objective on Alphabet from $236.00 to $268.00 and gave the company an “equal weight” rating in a research note on Thursday, October 30th. Susquehanna lifted their target price on Alphabet from $225.00 to $350.00 and gave the stock a “positive” rating in a research report on Thursday, October 30th. Finally, China Renaissance boosted their price target on Alphabet from $207.00 to $330.00 and gave the company a “buy” rating in a report on Friday, October 31st. Four research analysts have rated the stock with a Strong Buy rating, forty-one have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $307.84.

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.