12,830 Shares of Alphabet Inc. $GOOGL Acquired by Bradyco Inc.

Bradyco Inc. acquired a new position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 12,830 shares of the information services provider's stock, valued at approximately $4,415,000. Alphabet makes up about 3.1% of Bradyco Inc.'s holdings, making the stock its 8th largest holding.

A number of other large investors have also recently added to or reduced their stakes in GOOGL. Strategic Wealth Advisors LLC raised its position in Alphabet by 6.0% during the first quarter. Strategic Wealth Advisors LLC now owns 477 shares of the information services provider's stock worth $137,000 after acquiring an additional 27 shares during the last quarter. Rockbridge Investment Management LCC grew its position in shares of Alphabet by 0.5% in the first quarter. Rockbridge Investment Management LCC now owns 5,460 shares of the information services provider's stock valued at $1,570,000 after purchasing an additional 27 shares during the last quarter. Ruggaard & Associates LLC grew its position in shares of Alphabet by 0.9% in the first quarter. Ruggaard & Associates LLC now owns 2,921 shares of the information services provider's stock valued at $840,000 after purchasing an additional 27 shares during the last quarter. Cadia Private Client LLC grew its position in shares of Alphabet by 1.1% in the first quarter. Cadia Private Client LLC now owns 2,589 shares of the information services provider's stock valued at $744,000 after purchasing an additional 28 shares during the last quarter. Finally, Evansbrook LLC increased its stake in shares of Alphabet by 0.3% during the 1st quarter. Evansbrook LLC now owns 9,522 shares of the information services provider's stock worth $2,738,000 after purchasing an additional 28 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Alphabet news, Director Frances Arnold sold 83 shares of Alphabet stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total value of $28,257.35. Following the completion of the sale, the director directly owned 19,076 shares of the company's stock, valued at approximately $6,494,424.20. The trade was a 0.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have sold 247 shares of company stock valued at $79,238. 11.61% of the stock is currently owned by insiders.

Latest Alphabet News

These are some of the GOOGL news items that stood out recently:

• Positive Sentiment: Google made a faster, lower-cost Gemini model its everyday default and opened preorders for $395 Samsung-built AI glasses, scheduled to ship December 10. The product rollout highlights Alphabet’s effort to bring its AI services to more users and devices. Read More.
• Positive Sentiment: Nvidia CEO Jensen Huang’s abrupt departure could encourage cloud customers to diversify AI-chip suppliers. Alphabet’s TPUs may benefit from that shift; Google Cloud also uses AMD processors in TPU infrastructure. Read More.
• Negative Sentiment: Alphabet co-founder Larry Page reportedly plans to sell another $148 million in shares. Insider sales can weigh on sentiment, although a sale alone does not establish a change in the company’s outlook. Read More.

Alphabet Trading Down 1.0%

Shares of Alphabet stock traded down $2.93 during mid-day trading on Friday, hitting $295.77. 30,682,111 shares of the stock were exchanged, compared to its average volume of 40,687,932. The stock has a market capitalization of $3.64 trillion, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 0.90 and a beta of 1.23. Alphabet Inc. has a twelve month low of $270.70 and a twelve month high of $408.61. The company has a current ratio of 2.79, a quick ratio of 2.69 and a debt-to-equity ratio of 0.19. The company has a 50-day simple moving average of $328.18 and a 200 day simple moving average of $338.01.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The information services provider reported $2.12 earnings per share for the quarter, missing analysts' consensus estimates of $3.02 by ($0.90). The firm had revenue of $127.58 billion during the quarter, compared to analyst estimates of $127.96 billion. Alphabet had a net margin of 50.03% and a return on equity of 43.33%. Research analysts forecast that Alphabet Inc. will post 19.81 EPS for the current year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Monday, December 7th will be given a dividend of $0.22 per share. The ex-dividend date is Monday, December 7th. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. Alphabet's dividend payout ratio (DPR) is 4.59%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on GOOGL. Pivotal Research reissued a "buy" rating and set a $475.00 price objective (up from $470.00) on shares of Alphabet in a research note on Thursday, July 23rd. Wedbush reduced their target price on Alphabet from $445.00 to $387.00 and set an "outperform" rating on the stock in a research note on Thursday, October 29th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $480.00 target price (up from $465.00) on shares of Alphabet in a research note on Tuesday, October 20th. Wall Street Zen cut Alphabet from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Finally, Rosenblatt Securities dropped their price target on Alphabet from $410.00 to $380.00 and set a "buy" rating for the company in a research report on Thursday, October 29th. Five investment analysts have rated the stock with a Strong Buy rating, forty-five have issued a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Alphabet has an average rating of "Buy" and a consensus target price of $412.51.

Alphabet Company Profile

Alphabet Inc. is a technology holding company whose largest business is Google. Founded in 1998 by Larry Page and Sergey Brin, Google became part of Alphabet when the company reorganized its businesses under the holding-company structure in 2015. Google's products and services include Search, YouTube, Android, Chrome, Google Maps, Google Play and Google Cloud. The company also generates revenue from digital advertising and offers devices, subscriptions and artificial intelligence products and services.

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