TradeWell Securities LLC. Buys 1,917 Shares of Alphabet Inc. $GOOG

TradeWell Securities LLC. increased its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 15.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 14,090 shares of the information services provider’s stock after purchasing an additional 1,917 shares during the period. Alphabet accounts for 1.2% of TradeWell Securities LLC.’s investment portfolio, making the stock its 15th largest position. TradeWell Securities LLC.’s holdings in Alphabet were worth $2,499,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Alphabet by 1.3% in the second quarter. Vanguard Group Inc. now owns 416,753,033 shares of the information services provider’s stock worth $73,927,821,000 after buying an additional 5,182,111 shares in the last quarter. State Street Corp increased its holdings in Alphabet by 1.3% during the 2nd quarter. State Street Corp now owns 188,914,125 shares of the information services provider’s stock worth $33,511,477,000 after acquiring an additional 2,428,266 shares during the period. Kingstone Capital Partners Texas LLC increased its holdings in Alphabet by 580,897.4% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 135,087,705 shares of the information services provider’s stock worth $23,963,208,000 after acquiring an additional 135,064,454 shares during the period. Geode Capital Management LLC lifted its stake in Alphabet by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 107,760,033 shares of the information services provider’s stock worth $19,022,926,000 after purchasing an additional 441,177 shares in the last quarter. Finally, Sanders Capital LLC boosted its holdings in Alphabet by 6.4% in the 2nd quarter. Sanders Capital LLC now owns 35,357,943 shares of the information services provider’s stock valued at $6,272,146,000 after purchasing an additional 2,117,990 shares during the period. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet Price Performance

GOOG opened at $309.32 on Tuesday. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $3.73 trillion, a P/E ratio of 30.50, a PEG ratio of 1.80 and a beta of 1.07. The stock has a 50-day moving average price of $284.91 and a 200-day moving average price of $231.69. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $328.67.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, October 30th. The information services provider reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.58. The company had revenue of $102.35 billion during the quarter, compared to the consensus estimate of $99.90 billion. Alphabet had a return on equity of 35.00% and a net margin of 32.23%.Alphabet’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.12 EPS. Equities analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. BMO Capital Markets reaffirmed an “outperform” rating and issued a $340.00 price target on shares of Alphabet in a report on Thursday, October 30th. Loop Capital upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 18th. Hsbc Global Res raised Alphabet to a “strong-buy” rating in a report on Tuesday, October 7th. Scotiabank set a $336.00 price objective on Alphabet and gave the stock a “sector outperform” rating in a report on Thursday, October 30th. Finally, Barclays upped their price objective on shares of Alphabet from $250.00 to $315.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Seven research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $313.04.

Insider Buying and Selling at Alphabet

In other news, Director Frances Arnold sold 102 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $317.66, for a total transaction of $32,401.32. Following the transaction, the director directly owned 18,104 shares of the company’s stock, valued at approximately $5,750,916.64. This trade represents a 0.56% decrease in their ownership of the stock. The sale 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 Alphabet stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $319.50, for a total value of $10,383,750.00. Following the completion of the transaction, the chief executive officer owned 2,272,119 shares in the company, valued at approximately $725,942,020.50. This represents a 1.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 225,528 shares of company stock worth $61,296,884 over the last 90 days. 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.