Alphabet Inc. $GOOG Stock Position Lifted by Osprey Private Wealth LLC

Osprey Private Wealth LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOGFree Report) by 34.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,115 shares of the information services provider’s stock after acquiring an additional 20,095 shares during the quarter. Alphabet comprises 6.9% of Osprey Private Wealth LLC’s holdings, making the stock its 2nd biggest position. Osprey Private Wealth LLC’s holdings in Alphabet were worth $19,025,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GOOG. RDA Financial Network increased its position in Alphabet by 5.3% during the 2nd quarter. RDA Financial Network now owns 11,094 shares of the information services provider’s stock valued at $1,968,000 after buying an additional 554 shares in the last quarter. Bleakley Financial Group LLC grew its stake in shares of Alphabet by 1.4% during the second quarter. Bleakley Financial Group LLC now owns 170,020 shares of the information services provider’s stock worth $30,160,000 after acquiring an additional 2,304 shares during the last quarter. American National Bank of Texas purchased a new stake in shares of Alphabet during the third quarter worth about $900,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Alphabet by 3.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,164,341 shares of the information services provider’s stock valued at $206,542,000 after acquiring an additional 42,028 shares in the last quarter. Finally, Oldfather Financial Services LLC purchased a new position in shares of Alphabet in the 2nd quarter valued at approximately $213,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Price Performance

NASDAQ:GOOG opened at $308.61 on Friday. The firm’s fifty day moving average is $289.83 and its two-hundred day moving average is $234.56. The firm has a market cap of $3.72 trillion, a price-to-earnings ratio of 30.43, a PEG ratio of 1.76 and a beta of 1.07. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.75. Alphabet Inc. has a one year low of $142.66 and a one year high of $328.67.

Alphabet (NASDAQ:GOOGGet Free Report) last issued its quarterly earnings data on Thursday, October 30th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, beating 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 business had revenue of $102.35 billion during the quarter, compared to analysts’ expectations of $99.90 billion. During the same quarter in the previous year, the firm posted $2.12 EPS. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. Research analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 8th were issued a $0.21 dividend. The ex-dividend date of this dividend was Monday, December 8th. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. Alphabet’s payout ratio is presently 8.28%.

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 2,778 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $312.30, for a total transaction of $867,569.40. Following the sale, the chief accounting officer owned 8,962 shares in the company, valued at approximately $2,798,832.60. This trade represents a 23.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $299.80, for a total transaction of $9,743,500.00. Following the completion of the transaction, the chief executive officer owned 2,239,619 shares of the company’s stock, valued at approximately $671,437,776.20. This trade represents a 1.43% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 228,906 shares of company stock worth $63,984,117. 12.99% of the stock is currently owned by company insiders.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

Wall Street Analysts Forecast Growth

GOOG has been the topic of a number of recent analyst reports. Robert W. Baird upped their price target on shares of Alphabet from $215.00 to $275.00 and gave the company an “outperform” rating in a research note on Monday, September 22nd. Hsbc Global Res raised shares of Alphabet to a “strong-buy” rating in a report on Tuesday, October 7th. Scotiabank set a $336.00 target price on Alphabet and gave the stock a “sector outperform” rating in a research note on Thursday, October 30th. Piper Sandler lifted their price target on Alphabet from $285.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Finally, UBS Group reissued a “neutral” rating on shares of Alphabet in a report on Thursday, October 30th. Seven research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Alphabet presently has a consensus rating of “Buy” and a consensus price target of $313.04.

View Our Latest Stock Analysis on Alphabet

Alphabet 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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