Alphabet Inc. (NASDAQ:GOOG) Shares Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC boosted its position in Alphabet Inc. (NASDAQ:GOOG) by 2.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 142,279 shares of the information services provider’s stock after acquiring an additional 2,751 shares during the quarter. Apollon Wealth Management LLC’s holdings in Alphabet were worth $23,788,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Keystone Financial Services boosted its holdings in Alphabet by 4.6% in the third quarter. Keystone Financial Services now owns 10,466 shares of the information services provider’s stock valued at $1,750,000 after acquiring an additional 459 shares during the last quarter. Everhart Financial Group Inc. boosted its holdings in Alphabet by 4.3% in the third quarter. Everhart Financial Group Inc. now owns 26,737 shares of the information services provider’s stock valued at $4,453,000 after acquiring an additional 1,096 shares during the last quarter. Fountainhead AM LLC boosted its holdings in Alphabet by 17.2% in the third quarter. Fountainhead AM LLC now owns 4,925 shares of the information services provider’s stock valued at $823,000 after acquiring an additional 724 shares during the last quarter. Northwest Wealth Management LLC boosted its holdings in Alphabet by 17.9% in the third quarter. Northwest Wealth Management LLC now owns 6,654 shares of the information services provider’s stock valued at $1,112,000 after acquiring an additional 1,012 shares during the last quarter. Finally, Lynx Investment Advisory boosted its holdings in Alphabet by 7.6% in the third quarter. Lynx Investment Advisory now owns 3,463 shares of the information services provider’s stock valued at $579,000 after acquiring an additional 246 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Stock Up 1.2 %

NASDAQ:GOOG opened at $181.97 on Tuesday. The firm has a market capitalization of $2.23 trillion, a PE ratio of 24.13, a price-to-earnings-growth ratio of 1.26 and a beta of 1.04. The stock has a 50 day moving average of $164.92 and a 200-day moving average of $171.27. Alphabet Inc. has a 52 week low of $129.40 and a 52 week high of $193.31. 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 (NASDAQ:GOOG) last posted its earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating the consensus estimate of $1.83 by $0.29. The company had revenue of $88.27 billion during the quarter, compared to analyst estimates of $86.39 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The business’s revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.55 earnings per share. Analysts predict that Alphabet Inc. will post 7.99 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, December 9th. This represents a $0.80 annualized dividend and a dividend yield of 0.44%. Alphabet’s dividend payout ratio is presently 10.61%.

Wall Street Analysts Forecast Growth

GOOG has been the topic of a number of research analyst reports. Cantor Fitzgerald upgraded Alphabet to a “hold” rating in a report on Thursday, September 5th. JPMorgan Chase & Co. boosted their price objective on Alphabet from $208.00 to $212.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. DA Davidson upgraded Alphabet to a “hold” rating in a research note on Tuesday, September 10th. Jefferies Financial Group boosted their price objective on Alphabet from $220.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, UBS Group boosted their price objective on Alphabet from $187.00 to $192.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and a consensus price target of $200.56.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $160.44, for a total transaction of $109,420.08. Following the completion of the transaction, the chief accounting officer now directly owns 32,017 shares in the company, valued at approximately $5,136,807.48. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $160.44, for a total transaction of $109,420.08. Following the completion of the transaction, the chief accounting officer now directly owns 32,017 shares of the company’s stock, valued at approximately $5,136,807.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Frances Arnold sold 441 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $171.06, for a total value of $75,437.46. Following the transaction, the director now directly owns 16,490 shares of the company’s stock, valued at approximately $2,820,779.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 241,752 shares of company stock worth $40,156,829. Company insiders own 12.99% of the company’s stock.

About Alphabet

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.