2,755 Shares in Alphabet Inc. (NASDAQ:GOOG) Purchased by Goldstone Financial Group LLC

Goldstone Financial Group LLC acquired a new stake in Alphabet Inc. (NASDAQ:GOOG) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,755 shares of the information services provider’s stock, valued at approximately $461,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. S.A. Mason LLC raised its holdings in shares of Alphabet by 1.5% during the 3rd quarter. S.A. Mason LLC now owns 5,325 shares of the information services provider’s stock worth $890,000 after acquiring an additional 80 shares during the period. Cornerstone Wealth Group LLC increased its position in Alphabet by 3.7% during the third quarter. Cornerstone Wealth Group LLC now owns 16,076 shares of the information services provider’s stock worth $2,688,000 after purchasing an additional 570 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV raised its stake in Alphabet by 0.6% during the third quarter. Hudson Valley Investment Advisors Inc. ADV now owns 113,127 shares of the information services provider’s stock worth $18,914,000 after purchasing an additional 623 shares during the period. Fiducient Advisors LLC boosted its holdings in Alphabet by 85.4% in the 3rd quarter. Fiducient Advisors LLC now owns 9,855 shares of the information services provider’s stock valued at $1,648,000 after purchasing an additional 4,540 shares during the last quarter. Finally, JFS Wealth Advisors LLC grew its stake in shares of Alphabet by 64.4% in the 3rd quarter. JFS Wealth Advisors LLC now owns 25,404 shares of the information services provider’s stock valued at $4,247,000 after buying an additional 9,953 shares during the period. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GOOG has been the topic of a number of recent analyst reports. TD Cowen upped their price objective on Alphabet from $200.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Scotiabank assumed coverage on Alphabet in a research note on Friday, October 11th. They issued a “sector outperform” rating and a $212.00 price target on the stock. Barclays boosted their price objective on shares of Alphabet from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday. DA Davidson raised shares of Alphabet to a “hold” rating in a research note on Tuesday, September 10th. Finally, Wolfe Research raised shares of Alphabet to a “strong-buy” rating in a research note on Tuesday, July 16th. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $200.56.

Alphabet Trading Down 2.0 %

GOOG opened at $172.69 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08. The stock has a market capitalization of $2.13 trillion, a price-to-earnings ratio of 26.49, a PEG ratio of 1.27 and a beta of 1.04. The business has a fifty day moving average price of $163.71 and a 200 day moving average price of $170.32. Alphabet Inc. has a 12 month low of $123.93 and a 12 month high of $193.31.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.29. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The firm had revenue of $88.27 billion for the quarter, compared to analysts’ expectations of $86.39 billion. During the same quarter last year, the company earned $1.55 earnings per share. The firm’s revenue was up 15.1% compared to the same quarter last year. Sell-side analysts expect that Alphabet Inc. will post 7.64 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.46%. Alphabet’s payout ratio is currently 12.27%.

Insider Activity at Alphabet

In other news, CAO Amie Thuener O’toole sold 1,367 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $168.84, for a total transaction of $230,804.28. Following the completion of the transaction, the chief accounting officer now directly owns 29,183 shares of the company’s stock, valued at approximately $4,927,257.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director John L. Hennessy sold 800 shares of Alphabet stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $153.75, for a total transaction of $123,000.00. Following the sale, the director now directly owns 28,524 shares in the company, valued at $4,385,565. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 1,367 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $168.84, for a total transaction of $230,804.28. Following the completion of the transaction, the chief accounting officer now owns 29,183 shares of the company’s stock, valued at $4,927,257.72. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 219,744 shares of company stock valued at $35,878,764 over the last quarter. 12.99% of the stock is owned by insiders.

About Alphabet

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.