14,800 Shares in Alphabet Inc. $GOOG Acquired by Blueprint Investment Partners LLC

Blueprint Investment Partners LLC purchased a new stake in shares of Alphabet Inc. (NASDAQ:GOOGFree Report) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 14,800 shares of the information services provider’s stock, valued at approximately $3,605,000.

A number of other hedge funds have also modified their holdings of GOOG. Tradewinds LLC. increased its stake in shares of Alphabet by 2,134.8% during the third quarter. Tradewinds LLC. now owns 45,098 shares of the information services provider’s stock valued at $10,984,000 after buying an additional 43,080 shares during the period. Atlantic Union Bankshares Corp grew its holdings in Alphabet by 31.3% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 354,529 shares of the information services provider’s stock worth $86,345,000 after acquiring an additional 84,553 shares in the last quarter. CWA Asset Management Group LLC increased its position in Alphabet by 2.2% during the 3rd quarter. CWA Asset Management Group LLC now owns 157,143 shares of the information services provider’s stock valued at $38,272,000 after purchasing an additional 3,444 shares during the period. American National Bank of Texas bought a new stake in shares of Alphabet in the 3rd quarter valued at about $900,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Alphabet by 3.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,164,341 shares of the information services provider’s stock worth $206,542,000 after purchasing an additional 42,028 shares during the period. 27.26% of the stock is currently owned by institutional investors.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on GOOG shares. UBS Group reissued a “neutral” rating and set a $348.00 price objective (up from $345.00) on shares of Alphabet in a report on Thursday, February 12th. KeyCorp set a $370.00 price target on Alphabet in a report on Thursday, February 5th. Wells Fargo & Company raised Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Oppenheimer reaffirmed an “outperform” rating and set a $360.00 price objective on shares of Alphabet in a research report on Thursday, February 5th. Finally, Guggenheim reiterated a “buy” rating and issued a $375.00 target price on shares of Alphabet in a report on Monday, December 1st. Nine analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $343.90.

Check Out Our Latest Research Report on GOOG

Alphabet Stock Performance

Shares of Alphabet stock opened at $303.53 on Wednesday. The company has a 50 day moving average price of $321.14 and a 200 day moving average price of $285.34. The firm has a market capitalization of $3.67 trillion, a P/E ratio of 28.08, a PEG ratio of 1.79 and a beta of 1.10. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $350.15.

Alphabet (NASDAQ:GOOGGet Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.23. The business had revenue of $113.83 billion for the quarter, compared to analyst estimates of $111.24 billion. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. Alphabet’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.15 EPS. Sell-side analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 9th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, March 9th. Alphabet’s dividend payout ratio is presently 7.77%.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 2,778 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $312.30, for a total value of $867,569.40. Following the completion of the transaction, the chief accounting officer directly owned 8,962 shares in the company, valued at $2,798,832.60. This trade represents a 23.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John Kent Walker sold 47,574 shares of Alphabet stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $301.45, for a total value of $14,341,182.30. Following the sale, the insider directly owned 13,227 shares of the company’s stock, valued at $3,987,279.15. This trade represents a 78.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 2,078,926 shares of company stock worth $108,426,720. Insiders own 12.99% of the company’s stock.

About Alphabet

(Free Report)

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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