Bradley Foster & Sargent Inc. CT Acquires 1,247 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Bradley Foster & Sargent Inc. CT boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,204,348 shares of the information services provider’s stock after acquiring an additional 1,247 shares during the quarter. Alphabet accounts for about 4.0% of Bradley Foster & Sargent Inc. CT’s investment portfolio, making the stock its 3rd largest holding. Bradley Foster & Sargent Inc. CT’s holdings in Alphabet were worth $219,372,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Christopher J. Hasenberg Inc raised its holdings in shares of Alphabet by 75.0% during the second quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock worth $26,000 after acquiring an additional 60 shares in the last quarter. Vermillion & White Wealth Management Group LLC acquired a new position in Alphabet in the 4th quarter worth about $30,000. Tributary Capital Management LLC purchased a new stake in shares of Alphabet during the 1st quarter worth about $30,000. Kings Path Partners LLC acquired a new stake in shares of Alphabet during the 2nd quarter valued at about $36,000. Finally, Denver PWM LLC bought a new stake in shares of Alphabet in the 2nd quarter valued at approximately $41,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GOOGL. Piper Sandler reaffirmed an “overweight” rating and set a $200.00 price objective on shares of Alphabet in a research report on Monday. Mizuho raised their price target on shares of Alphabet from $205.00 to $210.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Evercore ISI decreased their price objective on shares of Alphabet from $225.00 to $200.00 and set an “outperform” rating for the company in a report on Monday, September 16th. Cantor Fitzgerald restated a “neutral” rating and set a $190.00 target price on shares of Alphabet in a report on Monday. Finally, Needham & Company LLC reiterated a “buy” rating and set a $210.00 price target on shares of Alphabet in a research note on Friday, August 30th. Eight equities research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $201.35.

Insider Transactions at Alphabet

In other news, insider John Kent Walker sold 16,802 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $165.47, for a total transaction of $2,780,226.94. Following the completion of the sale, the insider now owns 43,999 shares of the company’s stock, valued at $7,280,514.53. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider John Kent Walker sold 16,802 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $165.47, for a total value of $2,780,226.94. Following the completion of the transaction, the insider now owns 43,999 shares in the company, valued at approximately $7,280,514.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $168.00, for a total value of $114,576.00. Following the completion of the transaction, the chief accounting officer now owns 31,334 shares in the company, valued at $5,264,112. The disclosure for this sale can be found here. In the last quarter, insiders have sold 193,725 shares of company stock valued at $31,933,031. 11.55% of the stock is owned by insiders.

Alphabet Stock Performance

NASDAQ GOOGL opened at $166.99 on Wednesday. Alphabet Inc. has a twelve month low of $120.21 and a twelve month high of $191.75. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. The stock has a market cap of $2.06 trillion, a P/E ratio of 25.61, a PEG ratio of 1.21 and a beta of 1.04. The company’s 50-day simple moving average is $162.22 and its 200 day simple moving average is $167.02.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.04. The company had revenue of $84.74 billion for the quarter, compared to analyst estimates of $70.60 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. During the same period in the prior year, the company posted $1.44 EPS. As a group, research analysts forecast that Alphabet Inc. will post 7.63 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 9th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, September 9th. This represents a $0.80 annualized dividend and a dividend yield of 0.48%. Alphabet’s dividend payout ratio is presently 12.27%.

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.