Bollard Group LLC Purchases 8,402 Shares of Alphabet Inc. $GOOG

Bollard Group LLC boosted its position in Alphabet Inc. (NASDAQ:GOOGFree Report) by 1.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 481,810 shares of the information services provider’s stock after purchasing an additional 8,402 shares during the period. Alphabet comprises 2.8% of Bollard Group LLC’s holdings, making the stock its 6th largest position. Bollard Group LLC’s holdings in Alphabet were worth $117,345,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tradewinds LLC. boosted its holdings in shares of Alphabet by 2,134.8% during the 3rd quarter. Tradewinds LLC. now owns 45,098 shares of the information services provider’s stock worth $10,984,000 after buying an additional 43,080 shares during the period. Atlantic Union Bankshares Corp raised its holdings in Alphabet by 31.3% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 354,529 shares of the information services provider’s stock valued at $86,345,000 after acquiring an additional 84,553 shares during the period. Baltimore Washington Financial Advisors Inc. lifted its position in Alphabet by 0.9% during the third quarter. Baltimore Washington Financial Advisors Inc. now owns 221,391 shares of the information services provider’s stock worth $53,920,000 after acquiring an additional 2,009 shares during the last quarter. CWA Asset Management Group LLC lifted its position in Alphabet by 2.2% during the third quarter. CWA Asset Management Group LLC now owns 157,143 shares of the information services provider’s stock worth $38,272,000 after acquiring an additional 3,444 shares during the last quarter. Finally, American National Bank of Texas bought a new stake in shares of Alphabet during the third quarter worth approximately $900,000. Institutional investors own 27.26% of the company’s stock.

Insider Activity

In other Alphabet news, CAO Amie Thuener O’toole sold 955 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $298.00, for a total transaction of $284,590.00. Following the completion of the sale, the chief accounting officer directly owned 9,918 shares in the company, valued at $2,955,564. This represents a 8.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the firm’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $19.00, for a total value of $35,060,852.00. The SEC filing for this sale provides additional information. Insiders have sold 2,076,615 shares of company stock valued at $107,809,111 in the last three months. Company insiders own 12.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. UBS Group reaffirmed a “neutral” rating and issued a $348.00 target price (up from $345.00) on shares of Alphabet in a research report on Thursday, February 12th. JPMorgan Chase & Co. lifted their price target on Alphabet from $385.00 to $395.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. Truist Financial set a $350.00 price target on Alphabet in a research note on Friday, December 5th. Citigroup reiterated a “market outperform” rating on shares of Alphabet in a research report on Wednesday, December 17th. Finally, Needham & Company LLC set a $400.00 target price on Alphabet and gave the stock a “buy” rating in a report on Friday. Nine analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Alphabet has an average rating of “Buy” and a consensus price target of $345.71.

View Our Latest Report on Alphabet

Alphabet Trading Down 0.6%

GOOG opened at $301.46 on Monday. The stock has a market capitalization of $3.65 trillion, a price-to-earnings ratio of 27.89, a P/E/G ratio of 1.76 and a beta of 1.10. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $350.15. The company has a 50-day simple moving average of $319.36 and a 200 day simple moving average of $290.90.

Alphabet (NASDAQ:GOOGGet Free Report) last released its earnings results on Thursday, February 5th. The information services provider reported $2.82 EPS for the quarter, beating the consensus estimate of $2.59 by $0.23. The firm had revenue of $113.83 billion for the quarter, compared to analyst estimates of $111.24 billion. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The business’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same period last year, the firm earned $2.15 EPS. Analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 9th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.3%. The ex-dividend date is Monday, March 9th. Alphabet’s payout ratio is currently 7.77%.

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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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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