PYA Waltman Capital LLC Boosts Stake in Alphabet Inc. (NASDAQ:GOOGL)

PYA Waltman Capital LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 69,106 shares of the information services provider’s stock after buying an additional 1,298 shares during the quarter. Alphabet accounts for about 3.7% of PYA Waltman Capital LLC’s holdings, making the stock its 11th biggest position. PYA Waltman Capital LLC’s holdings in Alphabet were worth $11,461,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Lantz Financial LLC increased its position in Alphabet by 10.8% in the 2nd quarter. Lantz Financial LLC now owns 4,622 shares of the information services provider’s stock valued at $842,000 after acquiring an additional 452 shares during the period. Spectrum Wealth Advisory Group LLC purchased a new position in shares of Alphabet in the 2nd quarter valued at approximately $218,000. Hendley & Co. Inc. acquired a new position in shares of Alphabet in the second quarter valued at approximately $377,000. ORG Partners LLC raised its stake in shares of Alphabet by 8,770.8% during the second quarter. ORG Partners LLC now owns 12,774 shares of the information services provider’s stock worth $2,334,000 after purchasing an additional 12,630 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC lifted its holdings in shares of Alphabet by 7.6% during the second quarter. GPS Wealth Strategies Group LLC now owns 22,213 shares of the information services provider’s stock worth $4,046,000 after purchasing an additional 1,576 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Transactions at Alphabet

In other news, Director Kavitark Ram Shriram sold 10,500 shares of the stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $180.78, for a total value of $1,898,190.00. Following the completion of the sale, the director now owns 330,466 shares in the company, valued at approximately $59,741,643.48. This trade represents a 3.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $160.63, for a total value of $3,614,175.00. Following the transaction, the chief executive officer now directly owns 2,114,885 shares in the company, valued at $339,713,977.55. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 198,623 shares of company stock worth $34,413,006. 11.55% of the stock is currently owned by company insiders.

Alphabet Stock Performance

Shares of GOOGL stock opened at $196.66 on Tuesday. The firm has a market capitalization of $2.41 trillion, a price-to-earnings ratio of 26.08, a price-to-earnings-growth ratio of 1.39 and a beta of 1.01. The company has a 50 day moving average price of $172.31 and a 200 day moving average price of $170.80. Alphabet Inc. has a one year low of $130.66 and a one year high of $199.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $72.85 billion. During the same period in the prior year, the firm posted $1.55 EPS. Sell-side analysts anticipate that Alphabet Inc. will post 8.01 EPS for the current year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend was Monday, December 9th. Alphabet’s payout ratio is currently 10.61%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on GOOGL shares. BMO Capital Markets restated an “outperform” rating and set a $217.00 price objective (up previously from $215.00) on shares of Alphabet in a research report on Wednesday, October 30th. Bank of America increased their price target on shares of Alphabet from $206.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Phillip Securities raised Alphabet to a “strong-buy” rating in a research note on Friday, November 1st. Finally, Robert W. Baird restated an “outperform” rating and issued a $205.00 price target on shares of Alphabet in a research note on Tuesday, December 10th. Seven research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and five have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $206.08.

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.