Next Level Wealth Planning LLC Takes Position in Alphabet Inc. $GOOG

Key Points

• Next Level Wealth Planning LLC acquired 1,206 shares of Alphabet Inc. (NASDAQ:GOOG) during Q2, valued at approximately $214,000.
• Alphabet's stock recently opened at $245.46 and reported a quarterly EPS of $2.31, beating estimates, with revenue of $96.43 billion for the quarter.
• The company announced a quarterly dividend of $0.21, translating to an annualized yield of 0.3%, with a dividend payout ratio of 8.95%.

Next Level Wealth Planning LLC acquired a new stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,206 shares of the information services provider's stock, valued at approximately $214,000.

Several other large investors also recently modified their holdings of GOOG. MorganRosel Wealth Management LLC bought a new stake in shares of Alphabet in the 1st quarter valued at approximately $26,000. IFS Advisors LLC grew its stake in shares of Alphabet by 400.0% in the 2nd quarter. IFS Advisors LLC now owns 150 shares of the information services provider's stock valued at $27,000 after purchasing an additional 120 shares during the period. Robbins Farley grew its stake in shares of Alphabet by 60.0% in the 2nd quarter. Robbins Farley now owns 160 shares of the information services provider's stock valued at $28,000 after purchasing an additional 60 shares during the period. Goodman Advisory Group LLC bought a new stake in shares of Alphabet in the 1st quarter valued at approximately $32,000. Finally, Greykasell Wealth Strategies Inc. bought a new stake in shares of Alphabet in the 1st quarter valued at approximately $32,000. 27.26% of the stock is currently owned by institutional investors.

Alphabet Stock Down 0.7%

Shares of GOOG opened at $245.46 on Thursday. The firm has a market capitalization 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 debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. The business's fifty day moving average price is $225.03 and its two-hundred day moving average price is $188.71. Alphabet Inc. has a 52 week low of $142.66 and a 52 week 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 EPS for the quarter, beating analysts' consensus estimates of $2.12 by $0.19. The firm 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%.The business's quarterly revenue was up 13.8% compared to the same quarter last year. During the same period last year, the company earned $1.89 EPS. On average, analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

The company 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. 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 presently 8.95%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on GOOG shares. Weiss Ratings restated a "buy (b)" rating on shares of Alphabet in a research report on Wednesday. Phillip Securities lowered Alphabet from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, September 8th. Robert W. Baird increased their price target on Alphabet from $215.00 to $275.00 and gave the stock an "outperform" rating in a research report on Monday, September 22nd. JPMorgan Chase & Co. increased their price target on Alphabet from $232.00 to $260.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 3rd. Finally, Barclays restated a "buy" rating on shares of Alphabet in a research report on Wednesday, July 9th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $237.68.

Insider Buying and Selling at Alphabet

In other news, Director Kavitark Ram Shriram sold 18,566 shares of the 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 transaction, the director owned 243,400 shares of the company's stock, valued at $45,213,984. This represents a 7.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John Kent Walker sold 23,820 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $194.70, for a total value of $4,637,754.00. Following the completion of the transaction, the insider directly owned 42,999 shares in the company, valued at approximately $8,371,905.30. This trade represents a 35.65% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 276,738 shares of company stock worth $59,135,475. Insiders own 12.99% of the company's stock.

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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