Alphabet Inc. $GOOG Shares Bought by Ellsworth Advisors LLC

Ellsworth Advisors LLC grew its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,893 shares of the information services provider’s stock after acquiring an additional 850 shares during the quarter. Alphabet comprises about 1.3% of Ellsworth Advisors LLC’s investment portfolio, making the stock its 28th largest holding. Ellsworth Advisors LLC’s holdings in Alphabet were worth $4,826,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of GOOG. Brighton Jones LLC boosted its holdings in shares of Alphabet by 5.6% during the fourth quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock valued at $22,901,000 after acquiring an additional 6,410 shares during the period. Bank Pictet & Cie Europe AG boosted its holdings in shares of Alphabet by 4.3% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 506,535 shares of the information services provider’s stock valued at $96,465,000 after acquiring an additional 20,855 shares during the period. Occudo Quantitative Strategies LP acquired a new position in shares of Alphabet during the fourth quarter valued at $737,000. Northwest Quadrant Wealth Management LLC boosted its holdings in shares of Alphabet by 14.0% during the fourth quarter. Northwest Quadrant Wealth Management LLC now owns 1,966 shares of the information services provider’s stock valued at $374,000 after acquiring an additional 242 shares during the period. Finally, Northeast Financial Consultants Inc lifted its holdings in Alphabet by 0.5% in the fourth quarter. Northeast Financial Consultants Inc now owns 210,021 shares of the information services provider’s stock worth $39,996,000 after purchasing an additional 980 shares during the period. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Price Performance

Shares of Alphabet stock opened at $239.56 on Thursday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. The company’s 50-day moving average price is $200.24 and its two-hundred day moving average price is $177.98. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $242.08. The stock has a market cap of $2.90 trillion, a PE ratio of 25.51, a price-to-earnings-growth ratio of 1.61 and a beta of 1.01.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, topping the consensus estimate of $2.12 by $0.19. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The firm had revenue of $96.43 billion for the quarter, compared to analysts’ expectations of $93.67 billion. During the same period in the previous year, the business earned $1.89 earnings per share. Alphabet’s revenue for the quarter was up 13.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 8th will be given a $0.21 dividend. The ex-dividend date is Monday, September 8th. This represents a $0.84 annualized dividend and a yield of 0.4%. Alphabet’s payout ratio is 8.95%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on GOOG shares. UBS Group upped their price objective on shares of Alphabet from $186.00 to $192.00 and gave the stock a “neutral” rating in a report on Wednesday, July 16th. JPMorgan Chase & Co. upped their price objective on shares of Alphabet from $232.00 to $260.00 and gave the stock an “overweight” rating in a report on Wednesday, September 3rd. Citizens Jmp raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 26th. KeyCorp set a $265.00 price objective on shares of Alphabet in a report on Wednesday, September 3rd. Finally, Scotiabank upped their price objective on shares of Alphabet from $200.00 to $240.00 and gave the stock a “sector outperform” rating in a report on Tuesday, July 22nd. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $227.56.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director John L. Hennessy sold 600 shares of the business’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $203.79, for a total transaction of $122,274.00. Following the sale, the director owned 6,316 shares in the company, valued at approximately $1,287,137.64. The trade was a 8.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kavitark Ram Shriram sold 15,000 shares of the business’s stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $185.76, for a total value of $2,786,400.00. Following the sale, the director owned 240,400 shares in the company, valued at approximately $44,656,704. The trade was a 5.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 254,710 shares of company stock valued at $49,208,380 in the last ninety days. 12.99% of the stock is owned by insiders.

Alphabet Company Profile

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.