Alphabet Inc. (NASDAQ:GOOGL) Stock Position Raised by Delos Wealth Advisors LLC

Delos Wealth Advisors LLC boosted its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 5.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,901 shares of the information services provider’s stock after purchasing an additional 542 shares during the period. Alphabet accounts for 1.4% of Delos Wealth Advisors LLC’s investment portfolio, making the stock its 28th biggest holding. Delos Wealth Advisors LLC’s holdings in Alphabet were worth $1,642,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Lantz Financial LLC boosted its position in Alphabet by 10.8% during the 2nd quarter. Lantz Financial LLC now owns 4,622 shares of the information services provider’s stock worth $842,000 after acquiring an additional 452 shares during the period. Spectrum Wealth Advisory Group LLC purchased a new position in Alphabet during the second quarter valued at approximately $218,000. Maia Wealth LLC purchased a new stake in Alphabet in the 2nd quarter worth approximately $5,474,000. Diversified Trust Co boosted its stake in shares of Alphabet by 23.7% during the 2nd quarter. Diversified Trust Co now owns 241,932 shares of the information services provider’s stock valued at $44,068,000 after buying an additional 46,338 shares during the period. Finally, Ipswich Investment Management Co. Inc. grew its holdings in shares of Alphabet by 1.3% during the 2nd quarter. Ipswich Investment Management Co. Inc. now owns 60,629 shares of the information services provider’s stock valued at $11,044,000 after acquiring an additional 790 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GOOGL. Sanford C. Bernstein lifted their price objective on Alphabet from $180.00 to $185.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Phillip Securities upgraded shares of Alphabet to a “strong-buy” rating in a research note on Friday, November 1st. BMO Capital Markets reiterated an “outperform” rating and issued a $217.00 price objective (up from $215.00) on shares of Alphabet in a research note on Wednesday, October 30th. DA Davidson began coverage on Alphabet in a report on Tuesday, September 10th. They set a “neutral” rating and a $170.00 price target for the company. Finally, Robert W. Baird reissued an “outperform” rating and issued a $205.00 price target on shares of Alphabet in a report on Tuesday, December 10th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and five have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and a consensus price target of $206.08.

Alphabet Stock Down 1.1 %

Alphabet stock opened at $189.82 on Monday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 1-year low of $129.68 and a 1-year high of $195.61. The company has a fifty day simple moving average of $171.63 and a 200 day simple moving average of $170.63. The company has a market cap of $2.32 trillion, a P/E ratio of 25.18, a price-to-earnings-growth ratio of 1.39 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The business had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $72.85 billion. During the same quarter in the previous year, the business earned $1.55 earnings per share. Research analysts anticipate that Alphabet Inc. will post 8.01 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend is Monday, December 9th. Alphabet’s dividend payout ratio is currently 10.61%.

Insider Activity

In other news, Director Kavitark Ram Shriram sold 37,134 shares of Alphabet stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the completion of the transaction, the director now directly owns 282,832 shares in the company, valued at approximately $52,329,576.64. The trade was a 11.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $160.63, for a total transaction of $3,614,175.00. Following the transaction, the chief executive officer now directly owns 2,114,885 shares of the company’s stock, valued at approximately $339,713,977.55. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 198,623 shares of company stock valued at $34,413,006. 11.55% of the stock is owned by insiders.

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.