2,531 Shares in Alphabet Inc. $GOOGL Bought by Strathmore Capital Advisors Inc.

Key Points

• Strathmore Capital Advisors Inc. acquired 2,531 shares of Alphabet Inc. valued at approximately $447,000 during the 2nd quarter.
• Several institutional investors, including Vanguard Group and UBS Asset Management, have increased their stakes in Alphabet, indicating strong interest in the stock.
• Alphabet's latest earnings report showed an EPS of $2.31, surpassing estimates, and the company recently declared a quarterly dividend of $0.21 per share, with a low payout ratio of 8.95%.

Strathmore Capital Advisors Inc. bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,531 shares of the information services provider's stock, valued at approximately $447,000.

A number of other institutional investors and hedge funds have also modified their holdings of GOOGL. RFG Holdings Inc. increased its holdings in shares of Alphabet by 19.9% in the 2nd quarter. RFG Holdings Inc. now owns 2,455 shares of the information services provider's stock worth $433,000 after purchasing an additional 408 shares in the last quarter. HWG Holdings LP boosted its position in shares of Alphabet by 4.6% during the second quarter. HWG Holdings LP now owns 85,104 shares of the information services provider's stock valued at $14,998,000 after buying an additional 3,721 shares during the last quarter. Wedmont Private Capital boosted its position in shares of Alphabet by 1.5% during the second quarter. Wedmont Private Capital now owns 96,225 shares of the information services provider's stock valued at $16,995,000 after buying an additional 1,395 shares during the last quarter. American Financial Advisors LLC increased its holdings in Alphabet by 1.9% in the 2nd quarter. American Financial Advisors LLC now owns 16,818 shares of the information services provider's stock worth $2,964,000 after buying an additional 315 shares in the last quarter. Finally, Swedbank AB lifted its stake in Alphabet by 8.2% during the 2nd quarter. Swedbank AB now owns 9,560,375 shares of the information services provider's stock valued at $1,684,825,000 after acquiring an additional 725,460 shares during the period. Institutional investors own 40.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. BNP Paribas lowered shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 26th. UBS Group lifted their target price on shares of Alphabet from $192.00 to $202.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Alphabet in a report on Wednesday, September 3rd. BMO Capital Markets upped their price objective on Alphabet from $208.00 to $225.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Finally, Loop Capital restated a "hold" rating and set a $190.00 price target (up from $165.00) on shares of Alphabet in a research note on Tuesday, August 5th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, Alphabet has an average rating of "Moderate Buy" and a consensus target price of $231.31.

Insider Activity at Alphabet

In other news, CAO Amie Thuener O'toole sold 2,778 shares of the company's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $245.00, for a total transaction of $680,610.00. Following the sale, the chief accounting officer directly owned 17,293 shares in the company, valued at approximately $4,236,785. This represents a 13.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 600 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $249.44, for a total transaction of $149,664.00. Following the completion of the transaction, the director directly owned 5,716 shares of the company's stock, valued at approximately $1,425,799.04. The trade was a 9.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 258,088 shares of company stock valued at $52,405,304 over the last quarter. 11.55% of the stock is currently owned by insiders.

Alphabet Price Performance

Shares of GOOGL stock traded down $1.39 during trading hours on Tuesday, hitting $251.14. The stock had a trading volume of 7,828,454 shares, compared to its average volume of 36,669,504. 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 stock has a market capitalization of $3.04 trillion, a price-to-earnings ratio of 26.75, a PEG ratio of 1.72 and a beta of 1.01. Alphabet Inc. has a one year low of $140.53 and a one year high of $256.00. The stock's 50-day moving average price is $210.78 and its two-hundred day moving average price is $180.96.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, beating 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 company had revenue of $96.43 billion during the quarter, compared to analyst estimates of $93.60 billion. Equities analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

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

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.