Alphabet Inc. (NASDAQ:GOOG) Shares Acquired by Long Run Wealth Advisors LLC

Long Run Wealth Advisors LLC boosted its stake in Alphabet Inc. (NASDAQ:GOOG) by 7.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,072 shares of the information services provider’s stock after acquiring an additional 1,749 shares during the period. Alphabet accounts for about 0.9% of Long Run Wealth Advisors LLC’s holdings, making the stock its 29th biggest position. Long Run Wealth Advisors LLC’s holdings in Alphabet were worth $4,025,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GOOG. HF Advisory Group LLC lifted its holdings in shares of Alphabet by 7.2% during the third quarter. HF Advisory Group LLC now owns 28,031 shares of the information services provider’s stock worth $4,686,000 after purchasing an additional 1,893 shares during the period. JFG Wealth Management LLC acquired a new stake in shares of Alphabet in the 3rd quarter worth $344,000. Johnson Financial Group LLC boosted its holdings in shares of Alphabet by 2.6% in the third quarter. Johnson Financial Group LLC now owns 2,360 shares of the information services provider’s stock valued at $395,000 after acquiring an additional 60 shares in the last quarter. Focused Wealth Management Inc increased its stake in shares of Alphabet by 6.4% during the third quarter. Focused Wealth Management Inc now owns 8,624 shares of the information services provider’s stock worth $1,442,000 after acquiring an additional 517 shares during the period. Finally, River Road Asset Management LLC raised its holdings in Alphabet by 116.5% during the third quarter. River Road Asset Management LLC now owns 204,856 shares of the information services provider’s stock worth $34,250,000 after purchasing an additional 110,235 shares in the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Alphabet Stock Performance

Shares of NASDAQ GOOG opened at $171.41 on Wednesday. The company has a 50-day simple moving average of $163.97 and a 200-day simple moving average of $170.83. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The company has a market cap of $2.11 trillion, a PE ratio of 22.73, a price-to-earnings-growth ratio of 1.22 and a beta of 1.04. Alphabet Inc. has a 12 month low of $129.40 and a 12 month high of $193.31.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The company had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $86.39 billion. During the same period in the previous year, the firm posted $1.55 EPS. Alphabet’s revenue was up 15.1% on a year-over-year basis. On average, equities analysts anticipate that Alphabet Inc. will post 7.97 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be paid a $0.20 dividend. The ex-dividend date is Monday, December 9th. This represents a $0.80 annualized dividend and a dividend yield of 0.47%. Alphabet’s dividend payout ratio (DPR) is presently 10.61%.

Insider Buying and Selling

In other news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $167.66, for a total transaction of $3,772,350.00. Following the completion of the sale, the chief executive officer now directly owns 2,159,885 shares in the company, valued at $362,126,319.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $167.66, for a total value of $3,772,350.00. Following the completion of the transaction, the chief executive officer now owns 2,159,885 shares of the company’s stock, valued at approximately $362,126,319.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John L. Hennessy sold 800 shares of Alphabet stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $163.03, for a total value of $130,424.00. Following the sale, the director now owns 30,024 shares in the company, valued at $4,894,812.72. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 209,552 shares of company stock valued at $34,433,848 in the last quarter. Company insiders own 12.99% of the company’s stock.

Wall Street Analysts Forecast Growth

GOOG has been the topic of a number of analyst reports. Barclays lifted their price objective on Alphabet from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Wolfe Research raised Alphabet to a “strong-buy” rating in a report on Tuesday, July 16th. JPMorgan Chase & Co. upped their price target on shares of Alphabet from $208.00 to $212.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. TD Cowen raised their price objective on shares of Alphabet from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Finally, Scotiabank started coverage on shares of Alphabet in a report on Friday, October 11th. They set a “sector outperform” rating and a $212.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $200.56.

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.