1 week Ago By ABMN Staff
FAS Wealth Partners Inc. increased its holdings in shares of Alphabet Inc. ( NASDAQ:GOOGL – Free Report ) by 3.
2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,676 shares of the information services provider’s stock after purchasing an additional 729 shares during the period. FAS Wealth Partners Inc.
’s holdings in Alphabet were worth $4,313,000 as of its most recent filing with the Securities and Exchange Commission (SEC). A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc.
grew its stake in shares of Alphabet by 0.8% during the 1st quarter. Vanguard Group Inc.
now owns 497,874,324 shares of the information services provider’s stock worth $75,144,172,000 after purchasing an additional 4,064,073 shares during the period. Norges Bank purchased a new stake in Alphabet during the fourth quarter worth $15,441,917,000. Capital Research Global Investors grew its position in Alphabet by 14.
4% during the first quarter. Capital Research Global Investors now owns 57,803,291 shares of the information services provider’s stock valued at $8,724,251,000 after buying an additional 7,275,757 shares during the period. Bank of New York Mellon Corp grew its position in Alphabet by 0.
5% during the second quarter. Bank of New York Mellon Corp now owns 49,472,478 shares of the information services provider’s stock valued at $9,011,412,000 after buying an additional 238,403 shares during the period. Finally, Fisher Asset Management LLC increased its holdings in Alphabet by 3.
4% in the fourth quarter. Fisher Asset Management LLC now owns 45,220,857 shares of the information services provider’s stock valued at $6,316,902,000 after buying an additional 1,472,043 shares in the last quarter. 40.
03% of the stock is currently owned by institutional investors and hedge funds. Alphabet Stock Performance NASDAQ:GOOGL opened at $150.92 on Friday.
The company’s 50-day moving average is $170.86 and its two-hundred day moving average is $164.30.
The firm has a market capitalization of $1.87 trillion, a price-to-earnings ratio of 23.15, a PEG ratio of 1.
22 and a beta of 1.05. The company has a debt-to-equity ratio of 0.
04, a current ratio of 2.08 and a quick ratio of 2.08.
Alphabet Inc. has a 1-year low of $120.21 and a 1-year high of $191.
75. Alphabet Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Monday, September 9th will be issued a $0.
20 dividend. The ex-dividend date is Monday, September 9th. This represents a $0.
80 annualized dividend and a yield of 0.53%. Alphabet’s dividend payout ratio (DPR) is currently 12.
27%. Wall Street Analyst Weigh In Several research firms have recently issued reports on GOOGL. Truist Financial increased their target price on shares of Alphabet from $190.
00 to $196.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. UBS Group raised their price objective on Alphabet from $200.
00 to $204.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. JMP Securities restated a “market outperform” rating and issued a $200.
00 price objective on shares of Alphabet in a research report on Tuesday, July 30th. TD Securities increased their target price on Alphabet from $200.00 to $220.
00 in a research report on Wednesday, July 10th. Finally, Piper Sandler boosted their price target on shares of Alphabet from $200.00 to $206.
00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Seven investment analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.
com, Alphabet has an average rating of “Moderate Buy” and an average target price of $202.81. Check Out Our Latest Report on Alphabet Insiders Place Their Bets In other news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th.
The shares were sold at an average price of $158.68, for a total value of $3,570,300.00.
Following the sale, the chief executive officer now directly owns 2,137,385 shares of the company’s stock, valued at approximately $339,160,251.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink .
In other news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $183.47, for a total transaction of $125,126.
54. Following the completion of the transaction, the chief accounting officer now directly owns 30,650 shares in the company, valued at $5,623,355.50.
The transaction was disclosed in a document filed with the SEC, which is available at this link . Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $158.
68, for a total value of $3,570,300.00. Following the completion of the sale, the chief executive officer now owns 2,137,385 shares in the company, valued at approximately $339,160,251.
80. The disclosure for this sale can be found here . Insiders sold a total of 178,032 shares of company stock valued at $29,854,224 over the last 90 days.
11.55% of the stock is owned by company insiders. About Alphabet ( Free Report ) 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. Recommended Stories Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.
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