Retirement Planning Group LLC Has $4.57 Million Holdings in Alphabet Inc. $GOOG

Retirement Planning Group LLC boosted its stake in Alphabet Inc. (NASDAQ:GOOGFree Report) by 37.5% in the third quarter, HoldingsChannel.com reports. The firm owned 18,744 shares of the information services provider’s stock after buying an additional 5,108 shares during the period. Retirement Planning Group LLC’s holdings in Alphabet were worth $4,565,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of GOOG. Brighton Jones LLC lifted its position 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 worth $22,901,000 after purchasing an additional 6,410 shares during the period. Parkshore Wealth Management Inc. bought a new position in Alphabet during the second quarter worth $202,000. Rooted Wealth Advisors Inc. raised its stake in Alphabet by 34.1% during the second quarter. Rooted Wealth Advisors Inc. now owns 5,105 shares of the information services provider’s stock worth $926,000 after buying an additional 1,299 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its holdings in Alphabet by 1.2% in the second quarter. Farmers & Merchants Investments Inc. now owns 146,022 shares of the information services provider’s stock valued at $25,903,000 after buying an additional 1,749 shares during the period. Finally, LCM Capital Management Inc boosted its position in Alphabet by 2.8% during the second quarter. LCM Capital Management Inc now owns 3,440 shares of the information services provider’s stock valued at $610,000 after acquiring an additional 93 shares during the last quarter. 27.26% of the stock is owned by institutional investors.

Alphabet Trading Down 2.5%

Shares of Alphabet stock opened at $322.16 on Wednesday. The stock has a market capitalization of $3.89 trillion, a PE ratio of 31.77, a price-to-earnings-growth ratio of 1.82 and a beta of 1.09. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $341.20. The stock has a 50 day moving average price of $313.45 and a two-hundred day moving average price of $258.16. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.75.

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

Alphabet Dividend Announcement

The firm 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. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, December 8th. Alphabet’s dividend payout ratio (DPR) is currently 8.28%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. DA Davidson set a $300.00 price objective on Alphabet in a research report on Tuesday, November 25th. Cowen reaffirmed a “buy” rating on shares of Alphabet in a research note on Tuesday, January 13th. TD Cowen lifted their target price on Alphabet from $350.00 to $355.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Loop Capital upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 18th. Finally, HSBC reaffirmed a “buy” rating and set a $335.00 price objective on shares of Alphabet in a research report on Thursday, October 30th. Seven analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, three have given 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 target price of $321.97.

View Our Latest Stock Analysis on Alphabet

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Insider Activity at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $321.21, for a total transaction of $10,439,325.00. Following the completion of the sale, the chief executive officer directly owned 2,244,372 shares of the company’s stock, valued at approximately $720,914,730.12. The trade was a 1.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 2,778 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $312.30, for a total value of $867,569.40. Following the completion of the sale, the chief accounting officer directly owned 8,962 shares of the company’s stock, valued at approximately $2,798,832.60. This trade represents a 23.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 192,687 shares of company stock valued at $58,728,068 over the last quarter. 12.99% of the stock is currently owned by company insiders.

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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