Alphabet Inc. $GOOG Shares Bought by Osaic Holdings Inc.

Osaic Holdings Inc. grew its position in Alphabet Inc. (NASDAQ:GOOG) by 8.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,355,836 shares of the information services provider’s stock after purchasing an additional 107,399 shares during the period. Alphabet makes up approximately 0.4% of Osaic Holdings Inc.’s holdings, making the stock its 28th largest holding. Osaic Holdings Inc.’s holdings in Alphabet were worth $240,204,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. American Trust lifted its position in Alphabet by 106.7% during the second quarter. American Trust now owns 7,842 shares of the information services provider’s stock valued at $1,391,000 after buying an additional 4,049 shares in the last quarter. Evolution Wealth Management Inc. acquired a new stake in shares of Alphabet in the second quarter worth $68,000. Total Investment Management Inc. acquired a new stake in shares of Alphabet in the second quarter worth $196,000. Prospera Capital Management LLC purchased a new position in shares of Alphabet in the 2nd quarter valued at $421,000. Finally, Lavaca Capital LLC lifted its holdings in shares of Alphabet by 4.0% during the 2nd quarter. Lavaca Capital LLC now owns 15,680 shares of the information services provider’s stock valued at $2,781,000 after acquiring an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Wall Street Analyst Weigh In

GOOG has been the subject of a number of research reports. DA Davidson set a $300.00 price target on shares of Alphabet in a research report on Tuesday, November 25th. Cantor Fitzgerald restated a “neutral” rating on shares of Alphabet in a research note on Wednesday, December 3rd. Robert W. Baird upped their target price on Alphabet from $215.00 to $275.00 and gave the stock an “outperform” rating in a research report on Monday, September 22nd. Barclays raised their target price on Alphabet from $250.00 to $315.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Finally, Pivotal Research reissued a “buy” rating and set a $400.00 price target (up from $350.00) on shares of Alphabet in a research report on Friday, December 5th. Seven investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $313.04.

Insider Activity at Alphabet

In other news, Director Frances Arnold sold 102 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $317.66, for a total value of $32,401.32. Following the completion of the sale, the director owned 18,104 shares of the company’s stock, valued at approximately $5,750,916.64. The trade was a 0.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 954 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $317.00, for a total transaction of $302,418.00. Following the completion of the sale, the chief accounting officer owned 11,740 shares in the company, valued at approximately $3,721,580. This trade represents a 7.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 225,528 shares of company stock worth $61,296,884 in the last ninety days. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Stock Down 0.4%

Shares of NASDAQ GOOG opened at $309.32 on Tuesday. 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 Inc. has a 1 year low of $142.66 and a 1 year high of $328.67. The stock’s 50-day simple moving average is $284.91 and its 200-day simple moving average is $231.69. The firm has a market cap of $3.73 trillion, a price-to-earnings ratio of 30.50, a PEG ratio of 1.80 and a beta of 1.07.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, October 30th. The information services provider reported $2.87 earnings per share for the quarter, beating 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 firm had revenue of $102.35 billion during the quarter, compared to analyst estimates of $99.90 billion. During the same quarter last year, the firm earned $2.12 EPS. Alphabet’s quarterly revenue was up 15.9% on a year-over-year basis. 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 business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 8th were paid a $0.21 dividend. 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 payout ratio is 8.28%.

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.