Wealth Advisors Northwest LLC Acquires New Shares in Alphabet Inc. $GOOGL

Key Points

• Wealth Advisors Northwest LLC acquired 1,473 shares of Alphabet Inc. for approximately $260,000 during the second quarter.
• Corporate insiders sold a total of 246,150 shares worth $55.8 million in the last three months, reflecting changes in their ownership stakes.
• Alphabet recently announced a quarterly dividend of $0.21 per share, representing a 0.3% yield and an annualized total of $0.84.

Wealth Advisors Northwest LLC acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the second quarter, according to its most recent filing with the SEC. The fund acquired 1,473 shares of the information services provider's stock, valued at approximately $260,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in Alphabet by 3.9% in the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider's stock worth $20,886,000 after acquiring an additional 4,110 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in Alphabet by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider's stock worth $2,826,000 after acquiring an additional 506 shares during the last quarter. GAMMA Investing LLC increased its stake in Alphabet by 10.5% in the 1st quarter. GAMMA Investing LLC now owns 103,870 shares of the information services provider's stock worth $16,062,000 after acquiring an additional 9,900 shares during the last quarter. Wells Trecaso Financial Group LLC increased its stake in Alphabet by 0.9% in the 1st quarter. Wells Trecaso Financial Group LLC now owns 71,147 shares of the information services provider's stock worth $11,002,000 after acquiring an additional 605 shares during the last quarter. Finally, Hoge Financial Services LLC increased its stake in Alphabet by 11.6% in the 1st quarter. Hoge Financial Services LLC now owns 2,343 shares of the information services provider's stock worth $362,000 after acquiring an additional 243 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Insider Activity at Alphabet

In other Alphabet news, Director Frances Arnold sold 103 shares of the stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $243.13, for a total value of $25,042.39. Following the completion of 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O'toole sold 2,778 shares of the stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $250.05, for a total value of $694,638.90. Following the completion of the sale, the chief accounting officer owned 14,516 shares of the company's stock, valued at approximately $3,629,725.80. This trade represents a 16.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 246,150 shares of company stock worth $55,805,379 over the last three months. Corporate insiders own 11.64% of the company's stock.

Alphabet Trading Up 0.7%

Shares of GOOGL stock opened at $253.30 on Friday. The stock has a market capitalization of $3.06 trillion, a PE ratio of 26.98, a P/E/G ratio of 1.71 and a beta of 1.00. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $256.96. The business has a 50-day moving average of $231.55 and a 200 day moving average of $191.85. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.16. The company had revenue of $96.43 billion during the quarter, compared to analysts' expectations of $93.60 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%. As a group, sell-side analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Westpark Capital upped their target price on Alphabet from $210.00 to $220.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Stifel Nicolaus upped their target price on Alphabet from $200.00 to $218.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Tigress Financial increased their price objective on Alphabet from $240.00 to $280.00 and gave the company a "strong-buy" rating in a research report on Friday, September 5th. Citigroup increased their price objective on Alphabet from $225.00 to $280.00 and gave the company a "buy" rating in a research report on Monday, September 15th. Finally, BNP Paribas Exane reiterated a "neutral" rating and set a $172.00 price objective on shares of Alphabet in a research report on Friday, June 27th. Four analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $252.24.

About Alphabet

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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