Warner Group LLC Invests $824,000 in Alphabet Inc. $GOOGL

Warner Group LLC bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,391 shares of the information services provider’s stock, valued at approximately $824,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Financial Gravity Companies Inc. acquired a new stake in shares of Alphabet in the 2nd quarter worth $31,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in Alphabet in the third quarter valued at about $53,000. Corsicana & Co. acquired a new stake in Alphabet in the third quarter worth about $54,000. Vermillion & White Wealth Management Group LLC increased its holdings in shares of Alphabet by 37.9% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 324 shares of the information services provider’s stock valued at $57,000 after acquiring an additional 89 shares in the last quarter. Finally, S&T Bank PA increased its holdings in shares of Alphabet by 40.2% during the second quarter. S&T Bank PA now owns 345 shares of the information services provider’s stock valued at $61,000 after acquiring an additional 99 shares in the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Price Performance

NASDAQ:GOOGL opened at $311.76 on Friday. The company has a 50 day moving average price of $320.99 and a 200-day moving average price of $282.77. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $349.00. The firm has a market cap of $3.77 trillion, a price-to-earnings ratio of 28.84, a price-to-earnings-growth ratio of 1.83 and a beta of 1.09. 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:GOOGLGet Free Report) last released its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.57 by $0.25. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The company had revenue of $113.83 billion during the quarter, compared to analysts’ expectations of $111.24 billion. Equities research analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

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

Insiders Place Their Bets

In other news, CAO Amie Thuener O’toole sold 933 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $336.55, for a total transaction of $314,001.15. Following the transaction, the chief accounting officer owned 9,916 shares in the company, valued at $3,337,229.80. This trade represents a 8.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the business’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $19.00, for a total transaction of $35,060,852.00. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 2,112,482 shares of company stock valued at $119,145,289. 11.64% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of a number of recent analyst reports. Barclays reiterated an “overweight” rating and issued a $360.00 target price (up from $315.00) on shares of Alphabet in a research note on Thursday, February 5th. President Capital boosted their price objective on shares of Alphabet from $323.00 to $375.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Needham & Company LLC raised their target price on Alphabet from $330.00 to $400.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Loop Capital boosted their price target on Alphabet from $320.00 to $355.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Finally, Wedbush increased their price objective on Alphabet from $360.00 to $370.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Three analysts have rated the stock with a Strong Buy rating, forty-three have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $366.57.

Check Out Our Latest Stock Report on GOOGL

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

Alphabet Company Profile

(Free Report)

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.

Further Reading

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

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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.