Alphabet Inc. $GOOG Shares Acquired by Sage Mountain Advisors LLC

Sage Mountain Advisors LLC boosted its holdings in Alphabet Inc. (NASDAQ:GOOGFree Report) by 10.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 42,188 shares of the information services provider’s stock after buying an additional 3,926 shares during the quarter. Sage Mountain Advisors LLC’s holdings in Alphabet were worth $10,275,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Tradewinds LLC. raised its holdings in 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. Bleakley Financial Group LLC increased its position in shares of Alphabet by 1.4% in the second quarter. Bleakley Financial Group LLC now owns 170,020 shares of the information services provider’s stock worth $30,160,000 after acquiring an additional 2,304 shares in the last quarter. CWA Asset Management Group LLC raised its holdings in shares of 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 valued at $38,272,000 after acquiring an additional 3,444 shares during the period. American National Bank of Texas purchased a new stake in shares of Alphabet in the 3rd quarter valued at approximately $900,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Alphabet by 3.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,164,341 shares of the information services provider’s stock valued at $206,542,000 after acquiring an additional 42,028 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

Alphabet Price Performance

GOOG opened at $333.59 on Tuesday. The stock has a market cap of $4.03 trillion, a price-to-earnings ratio of 32.90, a PEG ratio of 1.81 and a beta of 1.09. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $341.20. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06. The stock has a fifty day moving average price of $317.29 and a 200 day moving average price of $262.47.

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

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 8th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, December 8th. Alphabet’s payout ratio is currently 8.28%.

Insider Transactions at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the 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 transaction, the chief executive officer directly owned 2,272,119 shares of the company’s stock, valued at $725,942,020.50. This represents a 1.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 2,778 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $288.26, for a total value of $800,786.28. Following the transaction, the chief accounting officer owned 11,739 shares in the company, valued at approximately $3,383,884.14. This trade represents a 19.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 225,187 shares of company stock worth $69,365,318 in the last 90 days. 12.99% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on GOOG shares. BNP Paribas Exane assumed coverage on shares of Alphabet in a research report on Monday, November 24th. They set an “outperform” rating on the stock. Morgan Stanley raised their target price on Alphabet from $210.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Raymond James Financial raised Alphabet from an “outperform” rating to a “strong-buy” rating and upped their price target for the company from $315.00 to $400.00 in a research report on Thursday. Weiss Ratings reissued a “buy (b)” rating on shares of Alphabet in a research note on Wednesday, January 21st. Finally, Oppenheimer raised their price objective on Alphabet from $300.00 to $345.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Eight analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $327.13.

Read Our Latest Stock Report on Alphabet

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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