Alphabet Inc. (NASDAQ:GOOG) Shares Purchased by Intelligence Driven Advisers LLC

Intelligence Driven Advisers LLC grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 15.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,039 shares of the information services provider’s stock after buying an additional 1,370 shares during the period. Intelligence Driven Advisers LLC’s holdings in Alphabet were worth $1,678,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Lummis Asset Management LP increased its position in Alphabet by 12.4% during the 3rd quarter. Lummis Asset Management LP now owns 21,313 shares of the information services provider’s stock worth $3,563,000 after purchasing an additional 2,354 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Alphabet by 5.7% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 276,409 shares of the information services provider’s stock worth $46,213,000 after acquiring an additional 14,847 shares during the period. Metis Global Partners LLC grew its holdings in shares of Alphabet by 1.4% in the 3rd quarter. Metis Global Partners LLC now owns 301,980 shares of the information services provider’s stock worth $50,488,000 after acquiring an additional 4,292 shares during the period. Curi RMB Capital LLC grew its holdings in shares of Alphabet by 5.3% in the 3rd quarter. Curi RMB Capital LLC now owns 353,738 shares of the information services provider’s stock worth $59,141,000 after acquiring an additional 17,824 shares during the period. Finally, Bretton Capital Management LLC acquired a new stake in shares of Alphabet in the 3rd quarter worth approximately $9,530,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Buying and Selling

In related news, Director Frances Arnold sold 441 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $171.06, for a total value of $75,437.46. Following the completion of the sale, the director now directly owns 16,490 shares in the company, valued at approximately $2,820,779.40. This represents a 2.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 2,835 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $151.53, for a total value of $429,587.55. Following the completion of the sale, the chief accounting officer now owns 29,182 shares of the company’s stock, valued at approximately $4,421,948.46. This represents a 8.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 206,795 shares of company stock valued at $34,471,141. 12.99% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on GOOG shares. Cantor Fitzgerald upgraded Alphabet to a “hold” rating in a report on Thursday, September 5th. UBS Group upped their price target on Alphabet from $187.00 to $192.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Jefferies Financial Group upped their price target on Alphabet from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Seaport Res Ptn upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Finally, Oppenheimer upped their price target on Alphabet from $185.00 to $215.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $200.56.

Alphabet Trading Down 1.7 %

Shares of Alphabet stock opened at $177.35 on Friday. Alphabet Inc. has a fifty-two week low of $129.40 and a fifty-two week high of $193.31. The firm has a market cap of $2.17 trillion, a PE ratio of 23.52, a P/E/G ratio of 1.27 and a beta of 1.04. The business’s fifty day moving average is $166.20 and its two-hundred day moving average is $171.57. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. The company had revenue of $88.27 billion for the quarter, compared to analyst estimates of $86.39 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.55 EPS. Analysts anticipate that Alphabet Inc. will post 7.99 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Monday, December 9th. Alphabet’s dividend payout ratio (DPR) is currently 10.61%.

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.