Nordwand Advisors LLC Acquires Shares of 3,600 Alphabet Inc. $GOOG

Nordwand Advisors LLC bought a new position in Alphabet Inc. (NASDAQ:GOOG) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,600 shares of the information services provider’s stock, valued at approximately $639,000.

Other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC raised its holdings in Alphabet by 5.6% in the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock worth $22,901,000 after acquiring an additional 6,410 shares during the last quarter. RD Lewis Holdings Inc. increased its holdings in shares of Alphabet by 2.4% in the 1st quarter. RD Lewis Holdings Inc. now owns 12,514 shares of the information services provider’s stock worth $2,075,000 after purchasing an additional 293 shares in the last quarter. Summit Wealth & Retirement Planning Inc. raised its stake in shares of Alphabet by 13.2% in the first quarter. Summit Wealth & Retirement Planning Inc. now owns 6,165 shares of the information services provider’s stock worth $963,000 after purchasing an additional 721 shares during the last quarter. West Wealth Group LLC raised its stake in shares of Alphabet by 23.2% in the first quarter. West Wealth Group LLC now owns 1,928 shares of the information services provider’s stock worth $306,000 after purchasing an additional 363 shares during the last quarter. Finally, Millstone Evans Group LLC lifted its holdings in shares of Alphabet by 1.2% during the first quarter. Millstone Evans Group LLC now owns 12,896 shares of the information services provider’s stock valued at $2,015,000 after purchasing an additional 150 shares in the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Canaccord Genuity Group reiterated a “buy” rating and issued a $330.00 price objective on shares of Alphabet in a report on Thursday, October 30th. Piper Sandler raised their price target on shares of Alphabet from $285.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Rosenblatt Securities set a $279.00 price objective on shares of Alphabet in a report on Thursday, October 30th. Robert W. Baird increased their price objective on shares of Alphabet from $215.00 to $275.00 and gave the company an “outperform” rating in a research report on Monday, September 22nd. Finally, Raymond James Financial set a $275.00 target price on shares of Alphabet and gave the stock an “outperform” rating in a report on Friday, October 24th. Six research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and an average target price of $324.81.

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $285.60 on Tuesday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $3.45 trillion, a PE ratio of 28.17, a price-to-earnings-growth ratio of 1.86 and a beta of 1.05. The firm’s 50 day moving average price is $258.86 and its 200-day moving average price is $211.03. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $294.52.

Alphabet (NASDAQ:GOOG) last announced its earnings results 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 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 analyst estimates of $99.90 billion. During the same period in the previous year, the business posted $2.12 earnings per share. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. Equities research analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

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

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $283.48, for a total transaction of $9,213,100.00. Following the transaction, the chief executive officer directly owned 2,337,119 shares in the company, valued at approximately $662,526,494.12. The trade was a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John L. Hennessy sold 600 shares of the business’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $280.06, for a total value of $168,036.00. Following the sale, the director directly owned 4,516 shares of the company’s stock, valued at $1,264,750.96. This represents a 11.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 222,396 shares of company stock valued at $54,151,037. Company insiders own 12.99% of the company’s stock.

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.