Alphabet Inc. $GOOG Holdings Raised by Mather Group LLC.

Key Points

• Mather Group LLC increased its stake in Alphabet Inc. by 4.4%, owning 49,654 shares valued at approximately $8.8 million following additional purchases.
• Insider sales included a significant transaction by CAO Amie Thuener O'toole, who sold 2,778 shares for around $680,610, representing a 13.84% decrease in her holdings.
• Alphabet's recent earnings report showed EPS of $2.31, exceeding estimates, with quarterly revenue up 13.8% year-over-year, amounting to $96.43 billion.

Mather Group LLC. grew its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 4.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,654 shares of the information services provider's stock after purchasing an additional 2,071 shares during the period. Mather Group LLC.'s holdings in Alphabet were worth $8,808,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Principia Wealth Advisory LLC raised its position in Alphabet by 111.8% during the first quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock valued at $26,000 after buying an additional 85 shares during the period. MorganRosel Wealth Management LLC acquired a new position in Alphabet in the 1st quarter worth about $26,000. Greykasell Wealth Strategies Inc. acquired a new position in Alphabet in the 1st quarter worth about $32,000. Goodman Advisory Group LLC acquired a new position in Alphabet in the 1st quarter worth about $32,000. Finally, Elevate Wealth Advisory Inc. acquired a new position in Alphabet in the 1st quarter worth about $34,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Amie Thuener O'toole sold 2,778 shares of the business's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $245.00, for a total transaction of $680,610.00. Following the completion of the sale, the chief accounting officer owned 17,293 shares in the company, valued at $4,236,785. The trade was a 13.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kavitark Ram Shriram sold 18,566 shares of the business's stock in a transaction on Friday, July 18th. The stock was sold at an average price of $185.76, for a total value of $3,448,820.16. Following the sale, the director owned 243,400 shares of the company's stock, valued at approximately $45,213,984. The trade was a 7.09% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 258,088 shares of company stock worth $52,405,304. 12.99% of the stock is owned by company insiders.

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $246.57 on Friday. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $256.70. The firm has a market capitalization of $2.98 trillion, a PE ratio of 26.26, a PEG ratio of 1.67 and a beta of 1.01. The business's 50 day moving average is $215.38 and its 200-day moving average is $183.72. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.19. The company had revenue of $96.43 billion for the quarter, compared to analyst estimates of $93.67 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.Alphabet's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.89 EPS. Sell-side analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 8th were given a $0.21 dividend. The ex-dividend date was Monday, September 8th. This represents a $0.84 annualized dividend and a yield of 0.3%. Alphabet's payout ratio is presently 8.95%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on GOOG shares. BNP Paribas lowered Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 26th. Citizens Jmp raised Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Thursday, June 26th. Piper Sandler reaffirmed a "neutral" rating on shares of Alphabet in a research report on Wednesday, July 9th. UBS Group upped their target price on Alphabet from $186.00 to $192.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 16th. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $270.00 target price (up from $235.00) on shares of Alphabet in a research report on Wednesday, September 3rd. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $230.35.

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.

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