Alphabet Inc. $GOOGL Stock Holdings Decreased by Obermeyer Wealth Partners

Obermeyer Wealth Partners lessened its stake in Alphabet Inc. (NASDAQ:GOOGL) by 15.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,927 shares of the information services provider’s stock after selling 6,697 shares during the quarter. Obermeyer Wealth Partners’ holdings in Alphabet were worth $6,331,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Guardian Wealth Management Inc. lifted its holdings in Alphabet by 242.9% during the 1st quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider’s stock worth $26,000 after buying an additional 119 shares during the last quarter. IMA Advisory Services Inc. bought a new position in Alphabet during the first quarter worth $28,000. NBZ Investment Advisors LLC lifted its stake in Alphabet by 85.7% during the first quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider’s stock worth $30,000 after purchasing an additional 90 shares during the last quarter. CarsonAllaria Wealth Management Ltd. boosted its holdings in Alphabet by 36.4% in the second quarter. CarsonAllaria Wealth Management Ltd. now owns 251 shares of the information services provider’s stock worth $44,000 after purchasing an additional 67 shares during the period. Finally, MJT & Associates Financial Advisory Group Inc. bought a new stake in Alphabet during the first quarter valued at $50,000. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Down 0.8%

GOOGL opened at $276.41 on Friday. The stock’s 50 day moving average price is $257.24 and its 200 day moving average price is $208.93. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a market cap of $3.34 trillion, a P/E ratio of 27.26, a P/E/G ratio of 1.86 and a beta of 1.05. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $292.01.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Wednesday, October 29th. 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 36.08% and a net margin of 32.23%.The company had revenue of $102.35 billion during the quarter, compared to analyst estimates of $99.90 billion. As a group, research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 8th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Monday, December 8th. Alphabet’s dividend payout ratio is currently 8.28%.

Insider Buying and Selling at Alphabet

In other Alphabet news, insider John Kent Walker sold 17,816 shares of the business’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $247.42, for a total transaction of $4,408,034.72. Following the sale, the insider directly owned 42,985 shares in the company, valued at approximately $10,635,348.70. The trade was a 29.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 2,778 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $245.00, for a total transaction of $680,610.00. Following the completion of the sale, the chief accounting officer directly owned 17,293 shares of the company’s stock, valued at approximately $4,236,785. This represents a 13.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 221,796 shares of company stock valued at $53,983,001. Company insiders own 11.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Hsbc Global Res upgraded shares of Alphabet to a “strong-buy” rating in a research report on Tuesday, October 7th. BMO Capital Markets set a $294.00 price objective on shares of Alphabet and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Piper Sandler restated an “overweight” rating and issued a $330.00 target price (up from $285.00) on shares of Alphabet in a research note on Thursday, October 30th. Jefferies Financial Group upped their target price on Alphabet from $285.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Finally, UBS Group restated a “neutral” rating and set a $306.00 price objective (up previously from $255.00) on shares of Alphabet in a research report on Thursday, October 30th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $304.10.

Alphabet 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.