Personal CFO Solutions LLC Raises Stock Holdings in Alphabet Inc. $GOOGL

Personal CFO Solutions LLC grew its stake in Alphabet Inc. (NASDAQ:GOOGL) by 3.4% in the second quarter, HoldingsChannel reports. The fund owned 59,114 shares of the information services provider’s stock after acquiring an additional 1,963 shares during the period. Alphabet accounts for 1.9% of Personal CFO Solutions LLC’s holdings, making the stock its 7th largest position. Personal CFO Solutions LLC’s holdings in Alphabet were worth $10,418,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Gimbal Financial raised its position in Alphabet by 1.9% in the 2nd quarter. Gimbal Financial now owns 2,776 shares of the information services provider’s stock worth $489,000 after purchasing an additional 53 shares during the last quarter. Missouri Trust & Investment Co increased its stake in shares of Alphabet by 0.3% in the 2nd quarter. Missouri Trust & Investment Co now owns 16,916 shares of the information services provider’s stock valued at $2,981,000 after buying an additional 55 shares during the period. Silver Coast Investments LLC raised its position in shares of Alphabet by 1.3% during the second quarter. Silver Coast Investments LLC now owns 4,317 shares of the information services provider’s stock worth $761,000 after acquiring an additional 55 shares during the last quarter. AM Investment Strategies LLC raised its position in shares of Alphabet by 0.9% during the second quarter. AM Investment Strategies LLC now owns 6,477 shares of the information services provider’s stock worth $1,141,000 after acquiring an additional 57 shares during the last quarter. Finally, Bfsg LLC lifted its stake in shares of Alphabet by 0.6% during the second quarter. Bfsg LLC now owns 10,428 shares of the information services provider’s stock valued at $1,838,000 after acquiring an additional 59 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on GOOGL shares. BMO Capital Markets set a $294.00 price objective on Alphabet and gave the stock an “outperform” rating in a research report on Thursday, October 9th. UBS Group reiterated a “neutral” rating and set a $306.00 price target (up previously from $255.00) on shares of Alphabet in a research report on Thursday, October 30th. Bank of America boosted their price target on shares of Alphabet from $280.00 to $335.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Hsbc Global Res upgraded shares of Alphabet to a “strong-buy” rating in a report on Tuesday, October 7th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Alphabet from $300.00 to $340.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Four analysts have rated the stock with a Strong Buy rating, forty-one have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $312.06.

Insiders Place Their Bets

In related news, Director John L. Hennessy sold 600 shares of the stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $280.06, for a total transaction of $168,036.00. Following the completion of the sale, the director directly owned 4,516 shares of the company’s stock, valued at approximately $1,264,750.96. This represents a 11.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frances Arnold sold 102 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $317.66, for a total transaction of $32,401.32. Following the sale, the director owned 18,104 shares in the company, valued at $5,750,916.64. This trade represents a 0.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 193,628 shares of company stock worth $50,942,622. 11.55% of the stock is owned by company insiders.

Alphabet Stock Up 0.3%

Shares of NASDAQ:GOOGL opened at $315.81 on Wednesday. The company has a 50 day moving average price of $271.77 and a two-hundred day moving average price of $221.67. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.75. The company has a market capitalization of $3.81 trillion, a PE ratio of 31.15, a PEG ratio of 1.82 and a beta of 1.07. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $328.83.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Wednesday, October 29th. The information services provider reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.58. The business had revenue of $102.35 billion during the quarter, compared to analysts’ expectations of $99.90 billion. Alphabet had a net margin of 32.23% and a return on equity of 35.00%. Analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 8th will be issued 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%.

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.