Alphabet Inc. (NASDAQ:GOOG) Shares Acquired by Plancorp LLC

Plancorp LLC boosted its stake in Alphabet Inc. (NASDAQ:GOOG) by 2.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,293 shares of the information services provider’s stock after buying an additional 250 shares during the period. Plancorp LLC’s holdings in Alphabet were worth $1,705,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of GOOG. EPIQ Capital Group LLC boosted its stake in Alphabet by 151.2% during the 2nd quarter. EPIQ Capital Group LLC now owns 7,169 shares of the information services provider’s stock valued at $1,315,000 after purchasing an additional 4,315 shares in the last quarter. Madison Wealth Partners Inc lifted its holdings in shares of Alphabet by 5.8% in the second quarter. Madison Wealth Partners Inc now owns 1,736 shares of the information services provider’s stock valued at $318,000 after buying an additional 95 shares during the period. Alpha Financial Partners LLC boosted its stake in Alphabet by 15.0% during the second quarter. Alpha Financial Partners LLC now owns 3,417 shares of the information services provider’s stock valued at $627,000 after buying an additional 446 shares in the last quarter. Edgestream Partners L.P. grew its holdings in Alphabet by 13.2% during the second quarter. Edgestream Partners L.P. now owns 17,407 shares of the information services provider’s stock worth $3,193,000 after acquiring an additional 2,031 shares during the period. Finally, GDS Wealth Management raised its position in Alphabet by 8.0% in the second quarter. GDS Wealth Management now owns 1,693 shares of the information services provider’s stock worth $311,000 after acquiring an additional 125 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Analyst Upgrades and Downgrades

GOOG has been the subject of several research reports. Rosenblatt Securities lowered shares of Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price objective for the company. in a research report on Friday, June 28th. Cantor Fitzgerald upgraded shares of Alphabet to a “hold” rating in a report on Thursday, September 5th. Wolfe Research upgraded shares of Alphabet to a “strong-buy” rating in a research report on Tuesday, July 16th. TD Cowen increased their price objective on Alphabet from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Finally, DA Davidson upgraded Alphabet to a “hold” rating in a report on Tuesday, September 10th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $182.86.

Alphabet Price Performance

GOOG opened at $160.28 on Wednesday. The firm has a market capitalization of $1.98 trillion, a P/E ratio of 24.58, a PEG ratio of 1.13 and a beta of 1.04. The stock has a fifty day moving average of $167.82 and a 200-day moving average of $166.64. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 12-month low of $121.46 and a 12-month high of $193.31.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.04. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The firm had revenue of $84.74 billion during the quarter, compared to analyst estimates of $84.22 billion. During the same period last year, the company posted $1.44 EPS. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. Equities analysts forecast that Alphabet Inc. will post 7.63 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 9th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date was Monday, September 9th. Alphabet’s payout ratio is presently 12.27%.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $183.47, for a total transaction of $125,126.54. Following the completion of the sale, the chief accounting officer now owns 30,650 shares of the company’s stock, valued at approximately $5,623,355.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $186.74, for a total value of $4,201,650.00. Following the transaction, the chief executive officer now owns 2,227,385 shares in the company, valued at $415,941,874.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $183.47, for a total transaction of $125,126.54. Following the completion of the sale, the chief accounting officer now owns 30,650 shares of the company’s stock, valued at $5,623,355.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 202,667 shares of company stock valued at $34,341,581. Corporate insiders own 12.99% of the company’s stock.

Alphabet Company 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.