Alphabet Inc. $GOOGL Shares Acquired by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 21.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 104,390 shares of the information services provider’s stock after acquiring an additional 18,153 shares during the period. Alphabet accounts for about 1.4% of Soltis Investment Advisors LLC’s holdings, making the stock its 12th biggest position. Soltis Investment Advisors LLC’s holdings in Alphabet were worth $18,397,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GOOGL. Mystic Asset Management Inc. boosted its holdings in shares of Alphabet by 6.7% in the first quarter. Mystic Asset Management Inc. now owns 28,454 shares of the information services provider’s stock valued at $4,400,000 after acquiring an additional 1,791 shares in the last quarter. Bridgeway Capital Management LLC lifted its position in Alphabet by 17.9% in the first quarter. Bridgeway Capital Management LLC now owns 88,187 shares of the information services provider’s stock valued at $13,637,000 after purchasing an additional 13,371 shares during the period. Alaethes Wealth LLC boosted its holdings in Alphabet by 1.1% in the 1st quarter. Alaethes Wealth LLC now owns 7,646 shares of the information services provider’s stock valued at $1,182,000 after purchasing an additional 84 shares in the last quarter. Moment Partners LLC increased its position in Alphabet by 9.3% during the 2nd quarter. Moment Partners LLC now owns 5,896 shares of the information services provider’s stock worth $1,039,000 after purchasing an additional 504 shares during the period. Finally, Welch Group LLC increased its position in Alphabet by 4.0% during the 2nd quarter. Welch Group LLC now owns 64,262 shares of the information services provider’s stock worth $11,325,000 after purchasing an additional 2,467 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling

In other news, Director John L. Hennessy sold 600 shares of Alphabet stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $280.06, for a total transaction of $168,036.00. Following the completion of the sale, the director directly owned 4,516 shares in the company, valued at $1,264,750.96. The trade was a 11.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 954 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $282.33, for a total transaction of $269,342.82. Following the completion of the transaction, the chief accounting officer directly owned 14,517 shares of the company’s stock, valued at approximately $4,098,584.61. This represents a 6.17% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 189,896 shares of company stock worth $47,653,637. 11.64% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

GOOGL has been the subject of several research analyst reports. Truist Financial increased their price objective on Alphabet from $285.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Sanford C. Bernstein increased their price target on shares of Alphabet from $260.00 to $305.00 and gave the company a “market perform” rating in a report on Thursday, October 30th. New Street Research boosted their price objective on shares of Alphabet from $275.00 to $295.00 in a report on Friday, October 24th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Alphabet in a report on Thursday, October 30th. Finally, Evercore ISI boosted their price target on Alphabet from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Four analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $305.33.

Alphabet Stock Down 0.3%

GOOGL stock opened at $284.28 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. The company’s 50 day simple moving average is $259.16 and its 200-day simple moving average is $211.00. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $293.95. The firm has a market capitalization of $3.43 trillion, a PE ratio of 28.04, a P/E/G ratio of 1.86 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.58. The firm had revenue of $102.35 billion for the quarter, compared to analyst estimates of $99.90 billion. Alphabet had a return on equity of 36.08% and a net margin of 32.23%. Equities analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 8th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, December 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is presently 8.28%.

Alphabet 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.