Alphabet Inc. $GOOG Stock Holdings Lowered by Barlow Wealth Partners Inc.

Barlow Wealth Partners Inc. lessened its stake in Alphabet Inc. (NASDAQ:GOOGFree Report) by 5.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 249,083 shares of the information services provider’s stock after selling 15,187 shares during the quarter. Alphabet comprises about 7.0% of Barlow Wealth Partners Inc.’s holdings, making the stock its largest holding. Barlow Wealth Partners Inc.’s holdings in Alphabet were worth $62,901,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. IFS Advisors LLC lifted its holdings in Alphabet by 400.0% in the 2nd quarter. IFS Advisors LLC now owns 150 shares of the information services provider’s stock worth $27,000 after buying an additional 120 shares in the last quarter. WestEnd Advisors LLC increased its position in shares of Alphabet by 58.7% during the second quarter. WestEnd Advisors LLC now owns 165 shares of the information services provider’s stock worth $29,000 after acquiring an additional 61 shares during the last quarter. Fairman Group LLC lifted its stake in shares of Alphabet by 121.3% in the second quarter. Fairman Group LLC now owns 177 shares of the information services provider’s stock worth $31,000 after acquiring an additional 97 shares in the last quarter. University of Illinois Foundation purchased a new position in Alphabet in the second quarter valued at about $31,000. Finally, Manning & Napier Advisors LLC acquired a new stake in Alphabet during the 3rd quarter valued at approximately $32,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $327.30, for a total transaction of $10,637,250.00. Following the completion of the transaction, the chief executive officer owned 2,211,872 shares in the company, valued at $723,945,705.60. The trade was a 1.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 933 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $336.55, for a total value of $314,001.15. Following the completion of the sale, the chief accounting officer directly owned 9,916 shares in the company, valued at $3,337,229.80. This represents a 8.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 2,037,964 shares of company stock worth $95,259,727. 12.99% of the stock is currently owned by insiders.

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $340.70 on Wednesday. The company has a market cap of $4.11 trillion, a PE ratio of 33.60, a P/E/G ratio of 2.08 and a beta of 1.10. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $350.15. The firm has a 50-day simple moving average of $321.78 and a 200 day simple moving average of $269.04. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.06.

Alphabet Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have issued reports on GOOG shares. Pivotal Research reaffirmed a “buy” rating and issued a $400.00 target price (up from $350.00) on shares of Alphabet in a research report on Friday, December 5th. DA Davidson set a $300.00 price target on shares of Alphabet in a report on Tuesday, November 25th. Sanford C. Bernstein increased their price objective on shares of Alphabet from $260.00 to $305.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Cantor Fitzgerald reissued a “neutral” rating on shares of Alphabet in a research report on Tuesday, January 20th. Finally, JPMorgan Chase & Co. upped their target price on shares of Alphabet from $260.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, October 27th. Eight analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $330.83.

View Our Latest Stock Report on GOOG

Key Stories Impacting Alphabet

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Alphabet Company 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.

Further Reading

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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