Alphabet Inc. $GOOG Shares Sold by LaFleur & Godfrey LLC

LaFleur & Godfrey LLC lessened its position in shares of Alphabet Inc. (NASDAQ:GOOGFree Report) by 7.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,755 shares of the information services provider’s stock after selling 2,410 shares during the quarter. LaFleur & Godfrey LLC’s holdings in Alphabet were worth $7,003,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GOOG. Clearstead Trust LLC boosted its holdings in shares of Alphabet by 20.9% in the third quarter. Clearstead Trust LLC now owns 23,371 shares of the information services provider’s stock valued at $5,692,000 after acquiring an additional 4,038 shares during the period. Curtis Advisory Group LLC increased its holdings in shares of Alphabet by 5.7% in the 3rd quarter. Curtis Advisory Group LLC now owns 14,847 shares of the information services provider’s stock valued at $3,616,000 after acquiring an additional 805 shares during the period. ROI Financial Advisors LLC purchased a new stake in Alphabet in the 3rd quarter valued at $247,000. Alteri Wealth LLC boosted its stake in Alphabet by 9.3% during the 3rd quarter. Alteri Wealth LLC now owns 10,798 shares of the information services provider’s stock worth $2,630,000 after purchasing an additional 919 shares during the period. Finally, TSA Wealth Managment LLC grew its position in Alphabet by 8.4% during the 3rd quarter. TSA Wealth Managment LLC now owns 1,288 shares of the information services provider’s stock worth $314,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet Stock Up 0.7%

Alphabet stock opened at $313.03 on Thursday. The stock’s 50 day moving average price is $321.36 and its 200 day moving average price is $281.87. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $350.15. The company has a market cap of $3.79 trillion, a PE ratio of 28.96, a price-to-earnings-growth ratio of 1.82 and a beta of 1.10. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01.

Alphabet (NASDAQ:GOOGGet Free Report) last released its earnings results on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.23. The company had revenue of $113.83 billion during the quarter, compared to the consensus estimate of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.Alphabet’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.15 earnings per share. On average, sell-side analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 9th will be paid a $0.21 dividend. The ex-dividend date is Monday, March 9th. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is 7.77%.

Analyst Ratings Changes

GOOG has been the subject of a number of research reports. BNP Paribas Exane initiated coverage on shares of Alphabet in a report on Monday, November 24th. They issued an “outperform” rating for the company. Jefferies Financial Group restated a “buy” rating and issued a $365.00 price target on shares of Alphabet in a research report on Monday, January 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alphabet in a research report on Wednesday, January 21st. Piper Sandler reiterated an “overweight” rating and issued a $395.00 target price on shares of Alphabet in a research note on Thursday, February 5th. Finally, Canaccord Genuity Group upped their price target on Alphabet from $330.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. Nine analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Alphabet currently has an average rating of “Buy” and a consensus target price of $343.90.

Read Our Latest Stock Report on GOOG

Insider Activity

In other Alphabet news, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the company’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $19.00, for a total transaction of $35,060,852.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $303.92, for a total transaction of $9,877,400.00. Following the completion of the transaction, the chief executive officer directly owned 2,818,524 shares of the company’s stock, valued at approximately $856,605,814.08. This trade represents a 1.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,112,482 shares of company stock valued at $119,145,289 in the last quarter. Insiders own 12.99% of the company’s stock.

Key Alphabet News

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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