Alphabet Inc. $GOOGL is NBW Capital LLC’s 3rd Largest Position

NBW Capital LLC increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 5.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 95,286 shares of the information services provider’s stock after buying an additional 4,499 shares during the quarter. Alphabet comprises 3.6% of NBW Capital LLC’s holdings, making the stock its 3rd largest position. NBW Capital LLC’s holdings in Alphabet were worth $16,792,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the stock. Financial Gravity Companies Inc. purchased a new stake in shares of Alphabet in the second quarter valued at about $31,000. CarsonAllaria Wealth Management Ltd. raised its stake in Alphabet by 36.4% during the second quarter. CarsonAllaria Wealth Management Ltd. now owns 251 shares of the information services provider’s stock worth $44,000 after purchasing an additional 67 shares during the period. Vermillion & White Wealth Management Group LLC boosted its holdings in Alphabet by 37.9% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 324 shares of the information services provider’s stock valued at $57,000 after purchasing an additional 89 shares during the last quarter. Christopher J. Hasenberg Inc boosted its holdings in Alphabet by 77.6% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 348 shares of the information services provider’s stock valued at $61,000 after purchasing an additional 152 shares during the last quarter. Finally, S&T Bank PA grew its stake in shares of Alphabet by 40.2% in the 2nd quarter. S&T Bank PA now owns 345 shares of the information services provider’s stock valued at $61,000 after buying an additional 99 shares during the period. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Alphabet news, insider John Kent Walker sold 17,816 shares of the stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $247.42, for a total value of $4,408,034.72. Following the sale, the insider directly owned 42,985 shares of the company’s stock, valued at approximately $10,635,348.70. This represents a 29.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $243.41, for a total value of $7,910,825.00. Following the sale, the chief executive officer directly owned 2,402,119 shares of the company’s stock, valued at $584,699,785.79. This trade represents a 1.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 226,128 shares of company stock worth $61,326,372 in the last 90 days. Corporate insiders own 11.64% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on GOOGL. Royal Bank Of Canada reaffirmed a “buy” rating and set a $315.00 price target on shares of Alphabet in a research report on Tuesday, December 2nd. Citizens Jmp lifted their target price on Alphabet from $250.00 to $290.00 and gave the company an “outperform” rating in a research report on Friday, September 19th. Piper Sandler reaffirmed an “overweight” rating and issued a $330.00 price target (up previously from $285.00) on shares of Alphabet in a research note on Thursday, October 30th. Morgan Stanley increased their price target on Alphabet from $270.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Finally, Phillip Securities upgraded shares of Alphabet from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, November 7th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and an average price target of $312.65.

Alphabet Price Performance

Shares of GOOGL opened at $320.21 on Thursday. The company has a market cap of $3.86 trillion, a P/E ratio of 31.58, a PEG ratio of 1.84 and a beta of 1.07. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $328.83. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. The firm’s 50 day moving average price is $280.53 and its 200 day moving average price is $227.61.

Alphabet (NASDAQ:GOOGL) last posted its quarterly 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 35.00%. The business had revenue of $102.35 billion during the quarter, compared to the consensus estimate of $99.90 billion. On average, research analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

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

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.