Alphabet Inc. $GOOG Stock Holdings Increased by Capital Advisors Inc. OK

Key Points

• Capital Advisors Inc. OK increased its holdings in Alphabet Inc. by 7.6%, owning 553,043 shares valued at approximately $98.1 million, which makes it the 11th largest holding in their portfolio.
• Insider trading includes notable sales by CEO Sundar Pichai, who sold 32,500 shares for about $7.91 million, and Director Frances Arnold, who sold 103 shares, indicating a decrease in their ownership in the company.
• Alphabet recently paid a quarterly dividend of $0.21, amounting to an annualized yield of 0.3%, while expecting to report an EPS of 8.89 for the current year amid positive quarterly earnings performance.

Capital Advisors Inc. OK boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 7.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 553,043 shares of the information services provider's stock after acquiring an additional 38,878 shares during the quarter. Alphabet makes up approximately 1.8% of Capital Advisors Inc. OK's portfolio, making the stock its 11th largest holding. Capital Advisors Inc. OK's holdings in Alphabet were worth $98,104,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC bought a new position in Alphabet during the first quarter valued at approximately $26,000. IFS Advisors LLC raised its position in Alphabet by 400.0% during the second quarter. IFS Advisors LLC now owns 150 shares of the information services provider's stock valued at $27,000 after acquiring an additional 120 shares in the last quarter. Robbins Farley raised its position in Alphabet by 60.0% during the second quarter. Robbins Farley now owns 160 shares of the information services provider's stock valued at $28,000 after acquiring an additional 60 shares in the last quarter. Goodman Advisory Group LLC bought a new position in Alphabet during the first quarter valued at approximately $32,000. Finally, Greykasell Wealth Strategies Inc. bought a new position in Alphabet during the first quarter valued at approximately $32,000. Institutional investors own 27.26% of the company's stock.

Insiders Place Their Bets

In other news, Director Frances Arnold sold 103 shares of the firm's stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $243.13, for a total value of $25,042.39. Following the sale, the director owned 17,284 shares in the company, valued at approximately $4,202,258.92. This trade represents a 0.59% 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, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $243.41, for a total transaction of $7,910,825.00. Following the completion of the sale, the chief executive officer owned 2,402,119 shares in the company, valued at approximately $584,699,785.79. The trade was a 1.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 276,738 shares of company stock valued at $59,135,475 in the last 90 days. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Trading Down 0.7%

Shares of Alphabet stock opened at $245.46 on Thursday. The company's fifty day simple moving average is $225.03 and its 200-day simple moving average is $188.71. The company has a market cap of $2.97 trillion, a price-to-earnings ratio of 26.14, a PEG ratio of 1.67 and a beta of 1.00. 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 Inc. has a 1 year low of $142.66 and a 1 year high of $256.70.

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 (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.19. The business had revenue of $96.43 billion for the quarter, compared to the consensus estimate of $93.67 billion. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. Alphabet's quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the company posted $1.89 earnings per share. As a group, sell-side analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Alphabet in a research report on Wednesday. Mizuho upgraded Alphabet to a "strong-buy" rating in a report on Monday, September 29th. Piper Sandler reiterated a "neutral" rating on shares of Alphabet in a report on Wednesday, July 9th. Raymond James Financial reiterated an "outperform" rating and set a $210.00 price target (up previously from $185.00) on shares of Alphabet in a report on Thursday, July 24th. Finally, Phillip Securities downgraded Alphabet from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, September 8th. Six research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $237.68.

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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