Garde Capital Inc. Buys 645 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Garde Capital Inc. increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,440 shares of the information services provider’s stock after acquiring an additional 645 shares during the period. Garde Capital Inc.’s holdings in Alphabet were worth $8,863,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Boulder Wealth Advisors LLC acquired a new position in Alphabet during the third quarter worth $244,000. Beaird Harris Wealth Management LLC increased its stake in shares of Alphabet by 15.3% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 2,763 shares of the information services provider’s stock worth $458,000 after purchasing an additional 366 shares during the last quarter. American Trust raised its holdings in shares of Alphabet by 156.0% in the 3rd quarter. American Trust now owns 24,429 shares of the information services provider’s stock valued at $4,052,000 after purchasing an additional 14,886 shares during the period. Asset Advisors Investment Management LLC raised its holdings in shares of Alphabet by 1.3% in the 3rd quarter. Asset Advisors Investment Management LLC now owns 126,306 shares of the information services provider’s stock valued at $20,948,000 after purchasing an additional 1,574 shares during the period. Finally, Wilmington Savings Fund Society FSB lifted its stake in Alphabet by 226.7% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 236,632 shares of the information services provider’s stock valued at $39,245,000 after purchasing an additional 164,194 shares during the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GOOGL. JPMorgan Chase & Co. boosted their price target on Alphabet from $212.00 to $232.00 and gave the stock an “overweight” rating in a research report on Wednesday. DA Davidson started coverage on Alphabet in a report on Tuesday, September 10th. They set a “neutral” rating and a $170.00 target price on the stock. Loop Capital raised their price target on Alphabet from $170.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price objective on shares of Alphabet in a research report on Wednesday, October 30th. Finally, Truist Financial increased their price objective on shares of Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Seven investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and five have given a strong buy rating to the stock. According to data from MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and an average target price of $206.69.

Alphabet Trading Up 0.1 %

NASDAQ GOOGL opened at $188.51 on Friday. The company has a market cap of $2.31 trillion, a price-to-earnings ratio of 25.00, a price-to-earnings-growth ratio of 1.39 and a beta of 1.01. Alphabet Inc. has a twelve month low of $130.66 and a twelve month high of $201.42. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The business’s fifty day moving average is $173.99 and its 200 day moving average is $171.21.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.29. The company had revenue of $88.27 billion for the quarter, compared to analysts’ expectations of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same period in the previous year, the business posted $1.55 earnings per share. As a group, sell-side analysts expect that Alphabet Inc. will post 8.01 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend was Monday, December 9th. Alphabet’s payout ratio is currently 10.61%.

Insider Transactions at Alphabet

In other news, Director John L. Hennessy sold 700 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $165.00, for a total value of $115,500.00. Following the transaction, the director now owns 27,824 shares in the company, valued at approximately $4,590,960. The trade was a 2.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 2,834 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $197.55, for a total transaction of $559,856.70. Following the completion of the sale, the chief accounting officer now directly owns 20,681 shares in the company, valued at approximately $4,085,531.55. This represents a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 178,957 shares of company stock worth $31,358,687. Company insiders own 11.55% of the company’s stock.

About Alphabet

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.