Frazier Financial Advisors LLC Acquires 107 Shares of Alphabet Inc. (NASDAQ:GOOG)

Frazier Financial Advisors LLC lifted its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 8.4% in the third quarter, HoldingsChannel.com reports. The fund owned 1,376 shares of the information services provider’s stock after buying an additional 107 shares during the period. Frazier Financial Advisors LLC’s holdings in Alphabet were worth $230,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. GoalVest Advisory LLC lifted its holdings in shares of Alphabet by 22.5% during the 3rd quarter. GoalVest Advisory LLC now owns 1,411 shares of the information services provider’s stock worth $236,000 after acquiring an additional 259 shares during the period. Accredited Investors Inc. increased its position in Alphabet by 1.0% during the 3rd quarter. Accredited Investors Inc. now owns 29,246 shares of the information services provider’s stock worth $4,890,000 after purchasing an additional 302 shares in the last quarter. Schneider Downs Wealth Management Advisors LP increased its position in Alphabet by 41.8% during the 3rd quarter. Schneider Downs Wealth Management Advisors LP now owns 4,941 shares of the information services provider’s stock worth $826,000 after purchasing an additional 1,457 shares in the last quarter. South Street Advisors LLC increased its position in Alphabet by 12.3% during the 3rd quarter. South Street Advisors LLC now owns 5,465 shares of the information services provider’s stock worth $914,000 after purchasing an additional 600 shares in the last quarter. Finally, Heritage Investment Group Inc. increased its position in Alphabet by 166.0% during the 3rd quarter. Heritage Investment Group Inc. now owns 4,812 shares of the information services provider’s stock worth $805,000 after purchasing an additional 3,003 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on GOOG shares. DA Davidson upgraded shares of Alphabet to a “hold” rating in a research report on Tuesday, September 10th. Barclays upped their price target on shares of Alphabet from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Jefferies Financial Group upped their price target on shares of Alphabet from $220.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Pivotal Research upped their price target on shares of Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Oppenheimer upped their price target on shares of Alphabet from $185.00 to $215.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $200.56.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $173.89 on Friday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The firm’s 50-day moving average price is $167.01 and its 200-day moving average price is $171.70. The firm has a market capitalization of $2.13 trillion, a P/E ratio of 23.06, a P/E/G ratio of 1.22 and a beta of 1.04. Alphabet Inc. has a 1-year low of $129.40 and a 1-year high of $193.31.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping 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 business had revenue of $88.27 billion for the quarter, compared to analyst estimates of $86.39 billion. During the same quarter in the prior year, the company earned $1.55 earnings per share. The company’s quarterly revenue was up 15.1% on a year-over-year basis. Equities research analysts anticipate that Alphabet Inc. will post 7.99 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders 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 dividend on an annualized basis and a yield of 0.46%. Alphabet’s dividend payout ratio (DPR) is presently 10.61%.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Frances Arnold sold 441 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $171.06, for a total value of $75,437.46. Following the completion of the sale, the director now owns 16,490 shares of the company’s stock, valued at approximately $2,820,779.40. This trade represents a 2.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kavitark Ram Shriram sold 10,500 shares of Alphabet stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $180.78, for a total value of $1,898,190.00. Following the transaction, the director now directly owns 330,466 shares in the company, valued at approximately $59,741,643.48. The trade was a 3.08 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 206,795 shares of company stock valued at $34,471,141. Company insiders own 12.99% of the company’s stock.

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.