United Advisor Group LLC Has $2.98 Million Stock Position in Alphabet Inc. $GOOGL

United Advisor Group LLC boosted its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 6.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 16,904 shares of the information services provider’s stock after buying an additional 988 shares during the quarter. United Advisor Group LLC’s holdings in Alphabet were worth $2,979,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in GOOGL. NBZ Investment Advisors LLC lifted its position in Alphabet by 85.7% during the 1st quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider’s stock worth $30,000 after buying an additional 90 shares in the last quarter. Financial Gravity Companies Inc. acquired a new position in Alphabet in the second quarter valued at about $31,000. CarsonAllaria Wealth Management Ltd. raised its position in shares of Alphabet by 36.4% in the 2nd quarter. CarsonAllaria Wealth Management Ltd. now owns 251 shares of the information services provider’s stock valued at $44,000 after acquiring an additional 67 shares during the period. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Alphabet in the 1st quarter valued at $50,000. Finally, Christopher J. Hasenberg Inc raised its position in shares of Alphabet by 77.6% during the second quarter. Christopher J. Hasenberg Inc now owns 348 shares of the information services provider’s stock worth $61,000 after purchasing an additional 152 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on GOOGL. UBS Group reiterated a “neutral” rating and issued a $306.00 price target (up from $255.00) on shares of Alphabet in a research note on Thursday, October 30th. President Capital lifted their price target on Alphabet from $258.00 to $323.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Citigroup restated a “buy” rating and set a $343.00 target price (up previously from $280.00) on shares of Alphabet in a research report on Thursday, October 30th. DA Davidson reiterated a “neutral” rating and issued a $300.00 price target on shares of Alphabet in a research note on Tuesday, November 25th. Finally, Arete raised their price objective on Alphabet from $220.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, November 24th. Four investment analysts have rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $307.84.

Alphabet Trading Up 0.0%

NASDAQ GOOGL opened at $320.02 on Friday. The business’s 50-day moving average price is $269.25 and its two-hundred day moving average price is $219.18. 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 PE ratio of 31.56, a price-to-earnings-growth ratio of 1.86 and a beta of 1.05. 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 (NASDAQ:GOOGL) last released 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 return on equity of 36.08% and a net margin of 32.23%.The business had revenue of $102.35 billion during the quarter, compared to analysts’ expectations of $99.90 billion. On average, analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The company 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. The ex-dividend date of this dividend is Monday, December 8th. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is currently 8.28%.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 2,778 shares of the stock in a transaction 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 in the company, valued at $3,629,725.80. This represents a 16.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John Kent Walker sold 17,816 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the insider 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 worth $58,074,027 in the last quarter. 11.64% of the stock is currently owned by company insiders.

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.