Triton Financial Group Inc Purchases Shares of 20,272 Alphabet Inc. $GOOG

Triton Financial Group Inc purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOGFree Report) during the third quarter, HoldingsChannel reports. The firm purchased 20,272 shares of the information services provider’s stock, valued at approximately $4,937,000. Alphabet accounts for 3.3% of Triton Financial Group Inc’s portfolio, making the stock its 6th biggest position.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank acquired a new position in shares of Alphabet in the second quarter worth approximately $4,298,572,000. Vanguard Group Inc. increased its position in Alphabet by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 416,753,033 shares of the information services provider’s stock valued at $73,927,821,000 after purchasing an additional 5,182,111 shares during the period. Assenagon Asset Management S.A. raised its holdings in Alphabet by 73.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 9,808,152 shares of the information services provider’s stock worth $2,388,775,000 after purchasing an additional 4,154,929 shares during the last quarter. Laurel Wealth Advisors LLC lifted its position in shares of Alphabet by 17,547.9% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,122,727 shares of the information services provider’s stock worth $731,331,000 after purchasing an additional 4,099,366 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Alphabet by 330.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,989,463 shares of the information services provider’s stock valued at $707,691,000 after purchasing an additional 3,062,590 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 2,778 shares of the company’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $312.30, for a total transaction of $867,569.40. Following the transaction, the chief accounting officer owned 8,962 shares in the company, valued at approximately $2,798,832.60. This represents a 23.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $319.50, for a total transaction of $10,383,750.00. Following the completion of the transaction, the chief executive officer directly owned 2,272,119 shares in the company, valued at $725,942,020.50. This trade represents a 1.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 2,069,531 shares of company stock valued at $104,158,826 over the last ninety days. Company insiders own 12.99% of the company’s stock.

Analysts Set New Price Targets

GOOG has been the subject of a number of analyst reports. Scotiabank reissued an “outperform” rating and set a $375.00 target price (up previously from $336.00) on shares of Alphabet in a research note on Friday, January 9th. Hsbc Global Res upgraded Alphabet to a “strong-buy” rating in a report on Tuesday, October 7th. Wolfe Research boosted their price objective on Alphabet from $290.00 to $350.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a research report on Wednesday, January 21st. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $365.00 target price 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 assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $330.83.

Read Our Latest Analysis on GOOG

Alphabet Stock Performance

Shares of GOOG opened at $344.90 on Tuesday. Alphabet Inc. has a one year low of $142.66 and a one year high of $345.17. The company has a market cap of $4.16 trillion, a PE ratio of 34.01, a P/E/G ratio of 1.86 and a beta of 1.10. The stock has a 50-day moving average of $321.44 and a 200-day moving average of $267.95. 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 Dividend Announcement

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

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

Alphabet Profile

(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.

See Also

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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