JFG Wealth Management LLC Buys Shares of 2,057 Alphabet Inc. (NASDAQ:GOOG)

JFG Wealth Management LLC bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOG) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,057 shares of the information services provider’s stock, valued at approximately $344,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. boosted its stake in shares of Alphabet by 360.1% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 20,249 shares of the information services provider’s stock worth $3,083,000 after acquiring an additional 15,848 shares in the last quarter. Hosking Partners LLP boosted its position in Alphabet by 0.6% during the 1st quarter. Hosking Partners LLP now owns 729,570 shares of the information services provider’s stock worth $111,084,000 after acquiring an additional 4,442 shares during the period. Gilbert & Cook Inc. boosted its position in Alphabet by 27.0% during the 1st quarter. Gilbert & Cook Inc. now owns 37,035 shares of the information services provider’s stock worth $5,639,000 after acquiring an additional 7,876 shares during the period. Quent Capital LLC lifted its holdings in shares of Alphabet by 5.8% during the 1st quarter. Quent Capital LLC now owns 32,706 shares of the information services provider’s stock valued at $4,980,000 after buying an additional 1,798 shares during the last quarter. Finally, GSB Wealth Management LLC lifted its holdings in shares of Alphabet by 5.9% during the 1st quarter. GSB Wealth Management LLC now owns 17,891 shares of the information services provider’s stock valued at $2,724,000 after buying an additional 991 shares during the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In other news, SVP Prabhakar Raghavan sold 34,257 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the completion of the transaction, the senior vice president now directly owns 312,210 shares of the company’s stock, valued at $50,765,346. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Prabhakar Raghavan sold 34,257 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the completion of the transaction, the senior vice president now directly owns 312,210 shares of the company’s stock, valued at $50,765,346. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frances Arnold sold 441 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $171.06, for a total value of $75,437.46. Following the transaction, the director now directly owns 16,490 shares of the company’s stock, valued at $2,820,779.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 209,552 shares of company stock valued at $34,433,848 over the last three months. Company insiders own 12.99% of the company’s stock.

Alphabet Trading Up 0.4 %

NASDAQ GOOG opened at $171.41 on Wednesday. The stock has a 50-day simple moving average of $163.97 and a 200 day simple moving average of $170.83. The company has a market capitalization of $2.11 trillion, a PE ratio of 22.73, a P/E/G ratio of 1.22 and a beta of 1.04. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 12 month low of $129.40 and a 12 month high of $193.31.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The company had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $86.39 billion. During the same period in the prior year, the company earned $1.55 earnings per share. The company’s revenue for the quarter was up 15.1% compared to the same quarter last year. Research analysts forecast that Alphabet Inc. will post 7.97 EPS for the current year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be issued a $0.20 dividend. The ex-dividend date is Monday, December 9th. This represents a $0.80 annualized dividend and a dividend yield of 0.47%. Alphabet’s dividend payout ratio (DPR) is currently 10.61%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on GOOG shares. Oppenheimer raised their price objective on Alphabet from $185.00 to $215.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. DA Davidson raised Alphabet to a “hold” rating in a research note on Tuesday, September 10th. Canaccord Genuity Group boosted their price target on Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company boosted their price objective on Alphabet from $182.00 to $187.00 and gave the stock an “equal weight” rating in a research note 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $200.56.

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.