Alphabet Inc. $GOOG Position Raised by Grandfield & Dodd LLC

Grandfield & Dodd LLC grew its position in shares of Alphabet Inc. (NASDAQ:GOOGFree Report) by 29.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,813 shares of the information services provider’s stock after acquiring an additional 6,625 shares during the quarter. Grandfield & Dodd LLC’s holdings in Alphabet were worth $7,018,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. IFS Advisors LLC boosted its position in shares of Alphabet by 400.0% during the second quarter. IFS Advisors LLC now owns 150 shares of the information services provider’s stock worth $27,000 after buying an additional 120 shares during the period. Robbins Farley raised its stake in Alphabet by 60.0% during the 2nd quarter. Robbins Farley now owns 160 shares of the information services provider’s stock valued at $28,000 after acquiring an additional 60 shares in the last quarter. WestEnd Advisors LLC raised its stake in Alphabet by 58.7% during the 2nd quarter. WestEnd Advisors LLC now owns 165 shares of the information services provider’s stock valued at $29,000 after acquiring an additional 61 shares in the last quarter. Fairman Group LLC boosted its position in Alphabet by 121.3% during the 2nd quarter. Fairman Group LLC now owns 177 shares of the information services provider’s stock worth $31,000 after acquiring an additional 97 shares during the period. Finally, University of Illinois Foundation bought a new position in shares of Alphabet in the second quarter worth $31,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Buying and Selling at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $327.30, for a total value of $10,637,250.00. Following the completion of the transaction, the chief executive officer owned 2,211,872 shares in the company, valued at $723,945,705.60. This trade represents a 1.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 2,778 shares of Alphabet stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $312.30, for a total value of $867,569.40. Following the completion of the transaction, the chief accounting officer directly owned 8,962 shares in the company, valued at $2,798,832.60. This represents a 23.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 225,075 shares of company stock valued at $69,332,637 over the last 90 days. 12.99% of the stock is owned by insiders.

Alphabet Stock Up 0.7%

GOOG stock opened at $338.66 on Friday. The firm has a market cap of $4.09 trillion, a PE ratio of 33.40, a P/E/G ratio of 1.85 and a beta of 1.09. Alphabet Inc. has a 12 month low of $142.66 and a 12 month high of $342.29. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.75. The firm has a 50 day simple moving average of $320.13 and a 200 day simple moving average of $264.58.

Alphabet (NASDAQ:GOOGGet Free Report) last posted its quarterly earnings results on Thursday, October 30th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.58. The company had revenue of $102.35 billion for the quarter, compared to analysts’ expectations of $99.90 billion. Alphabet had a return on equity of 35.00% and a net margin of 32.23%.The firm’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.12 earnings per share. Equities research analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 8th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, December 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.2%. Alphabet’s payout ratio is 8.28%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on GOOG shares. Guggenheim restated a “buy” rating and set a $375.00 price objective on shares of Alphabet in a research note on Monday, December 1st. Wolfe Research raised their target price on shares of Alphabet from $290.00 to $350.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Cantor Fitzgerald restated a “neutral” rating on shares of Alphabet in a research report on Tuesday, January 20th. Phillip Securities raised shares of Alphabet from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, November 7th. Finally, Citigroup reiterated a “market outperform” rating on shares of Alphabet in a report on Wednesday, December 17th. Eight analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Alphabet currently has a consensus rating of “Buy” and a consensus target price of $330.83.

Read Our Latest Report on Alphabet

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

About Alphabet

(Free Report)

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

Further Reading

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGFree Report).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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.com's FREE daily email newsletter.