Independent Solutions Wealth Management LLC Purchases 12,662 Shares of Alphabet Inc. $GOOGL

Key Points

• Independent Solutions Wealth Management LLC increased its stake in Alphabet Inc. by 94.5%, acquiring an additional 12,662 shares, bringing its total holdings to 26,061 shares valued at approximately $4.6 million.
• Insider trading activity included CAO Amie Thuener O'toole selling 2,778 shares and Director Kavitark Ram Shriram selling 18,566 shares, indicating a decrease in their ownership positions.
• Alphabet declared a quarterly dividend of $0.21 per share with a payout ratio of 8.95%, reflecting its ongoing commitment to returning value to shareholders.

Independent Solutions Wealth Management LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 94.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,061 shares of the information services provider's stock after purchasing an additional 12,662 shares during the period. Independent Solutions Wealth Management LLC's holdings in Alphabet were worth $4,593,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Guardian Wealth Management Inc. boosted its position in Alphabet by 242.9% during the first quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider's stock valued at $26,000 after purchasing an additional 119 shares during the last quarter. von Borstel & Associates Inc. acquired a new position in Alphabet during the first quarter valued at approximately $28,000. IMA Advisory Services Inc. acquired a new position in Alphabet during the first quarter valued at approximately $28,000. NBZ Investment Advisors LLC boosted its position in Alphabet by 85.7% during the first quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider's stock valued at $30,000 after purchasing an additional 90 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. acquired a new position in Alphabet during the first quarter valued at approximately $39,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Amie Thuener O'toole sold 2,778 shares of Alphabet stock in a transaction on Monday, September 15th. The stock was sold at an average price of $245.00, for a total value of $680,610.00. Following the transaction, the chief accounting officer owned 17,293 shares in the company, valued at approximately $4,236,785. This trade represents a 13.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kavitark Ram Shriram sold 18,566 shares of Alphabet stock in a transaction on Friday, July 18th. The shares were sold at an average price of $185.76, for a total value of $3,448,820.16. Following the completion of the transaction, the director owned 243,400 shares in the company, 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. Insiders have sold 244,438 shares of company stock worth $53,216,085 in the last quarter. Insiders own 11.64% of the company's stock.

Alphabet Price Performance

Alphabet stock opened at $251.03 on Thursday. The stock's fifty day moving average price is $229.41 and its two-hundred day moving average price is $190.28. Alphabet Inc. has a one year low of $140.53 and a one year high of $256.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a market cap of $3.04 trillion, a PE ratio of 26.73, a price-to-earnings-growth ratio of 1.66 and a beta of 1.00.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, topping analysts' consensus estimates of $2.15 by $0.16. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.The firm had revenue of $96.43 billion for the quarter, compared to analyst estimates of $93.60 billion. As a group, research analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

Analyst Ratings Changes

Several research analysts recently commented on the company. Phillip Securities cut Alphabet from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, September 8th. UBS Group raised their price objective on Alphabet from $237.00 to $255.00 and gave the company a "neutral" rating in a research report on Thursday, October 9th. Cantor Fitzgerald raised their price objective on Alphabet from $201.00 to $265.00 and gave the company a "neutral" rating in a research report on Monday. Hsbc Global Res raised Alphabet to a "strong-buy" rating in a research report on Tuesday, October 7th. Finally, JMP Securities raised their price objective on Alphabet from $250.00 to $290.00 and gave the company a "market outperform" rating in a research report on Friday, September 19th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, Alphabet has an average rating of "Moderate Buy" and a consensus target price of $249.26.

Alphabet Company 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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