Antonelli Financial Advisors LLC Decreases Stock Holdings in Alphabet Inc. $GOOG

Antonelli Financial Advisors LLC reduced its position in shares of Alphabet Inc. (NASDAQ:GOOGFree Report) by 10.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 17,230 shares of the information services provider’s stock after selling 1,927 shares during the quarter. Alphabet comprises approximately 2.9% of Antonelli Financial Advisors LLC’s holdings, making the stock its 11th largest holding. Antonelli Financial Advisors LLC’s holdings in Alphabet were worth $4,196,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in shares of Alphabet by 5.6% in the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock valued at $22,901,000 after acquiring an additional 6,410 shares during the last quarter. QTR Family Wealth LLC increased its stake in Alphabet by 7.2% during the second quarter. QTR Family Wealth LLC now owns 21,310 shares of the information services provider’s stock worth $3,780,000 after acquiring an additional 1,431 shares during the last quarter. First Pacific Financial raised its position in Alphabet by 7.3% during the second quarter. First Pacific Financial now owns 8,355 shares of the information services provider’s stock valued at $1,482,000 after purchasing an additional 565 shares during the period. Dogwood Wealth Management LLC lifted its stake in shares of Alphabet by 11.3% in the 2nd quarter. Dogwood Wealth Management LLC now owns 5,339 shares of the information services provider’s stock valued at $935,000 after purchasing an additional 544 shares during the last quarter. Finally, Founders Capital Management lifted its stake in shares of Alphabet by 85.0% in the 2nd quarter. Founders Capital Management now owns 22,221 shares of the information services provider’s stock valued at $3,942,000 after purchasing an additional 10,210 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.

Alphabet Trading Down 0.0%

Shares of GOOG opened at $338.53 on Friday. The firm has a market capitalization of $4.09 trillion, a price-to-earnings ratio of 33.39, a PEG ratio of 1.86 and a beta of 1.09. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.75. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $342.29. The company has a 50-day moving average of $320.91 and a 200 day moving average of $266.24.

Alphabet (NASDAQ:GOOGGet Free Report) last issued its earnings results on Thursday, October 30th. The information services provider reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.58. Alphabet had a net margin of 32.23% and a return on equity of 35.00%. The business had revenue of $102.35 billion for the quarter, compared to analyst estimates of $99.90 billion. During the same period last year, the company posted $2.12 earnings per share. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. On average, research analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 8th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.2%. The ex-dividend date was Monday, December 8th. Alphabet’s dividend payout ratio (DPR) is presently 8.28%.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

Insider Buying and Selling at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $327.30, for a total value of $10,637,250.00. Following the completion of the sale, the chief executive officer directly owned 2,211,872 shares in the company, valued at $723,945,705.60. The trade was a 1.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Frances Arnold sold 102 shares of the company’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $340.00, for a total transaction of $34,680.00. Following the completion of the sale, the director directly owned 18,307 shares of the company’s stock, valued at approximately $6,224,380. This trade represents a 0.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,070,485 shares of company stock worth $104,428,169 over the last quarter. Insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on GOOG. HSBC restated a “buy” rating and issued a $335.00 price target on shares of Alphabet in a research report on Thursday, October 30th. Wolfe Research raised their target price on shares of Alphabet from $290.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. DA Davidson set a $300.00 price target on shares of Alphabet in a report on Tuesday, November 25th. JPMorgan Chase & Co. increased their price objective on shares of Alphabet from $260.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $365.00 price objective on shares of Alphabet in a research note on Monday, January 5th. Eight investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $330.83.

View Our Latest Report on Alphabet

About Alphabet

(Free Report)

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

Recommended Stories

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGFree Report).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.