Alphabet Inc. $GOOG Shares Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC grew its stake in Alphabet Inc. (NASDAQ:GOOG) by 3.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 296,704 shares of the information services provider’s stock after purchasing an additional 11,129 shares during the quarter. Alphabet makes up approximately 0.7% of Segall Bryant & Hamill LLC’s holdings, making the stock its 15th biggest holding. Segall Bryant & Hamill LLC’s holdings in Alphabet were worth $52,632,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of GOOG. REDW Wealth LLC raised its stake in Alphabet by 2.3% during the second quarter. REDW Wealth LLC now owns 2,410 shares of the information services provider’s stock valued at $428,000 after buying an additional 54 shares in the last quarter. GDS Wealth Management grew its position in shares of Alphabet by 2.4% in the 2nd quarter. GDS Wealth Management now owns 2,325 shares of the information services provider’s stock worth $412,000 after acquiring an additional 54 shares in the last quarter. ACT Advisors LLC. increased its holdings in shares of Alphabet by 3.5% in the 2nd quarter. ACT Advisors LLC. now owns 1,625 shares of the information services provider’s stock valued at $288,000 after acquiring an additional 55 shares during the last quarter. Moser Wealth Advisors LLC raised its position in shares of Alphabet by 2.2% during the 2nd quarter. Moser Wealth Advisors LLC now owns 2,545 shares of the information services provider’s stock valued at $451,000 after acquiring an additional 55 shares in the last quarter. Finally, LongView Wealth Management raised its position in shares of Alphabet by 1.1% during the 2nd quarter. LongView Wealth Management now owns 5,126 shares of the information services provider’s stock valued at $909,000 after acquiring an additional 56 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on GOOG. Phillip Securities raised shares of Alphabet from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, November 7th. Canaccord Genuity Group restated a “buy” rating and issued a $330.00 price target on shares of Alphabet in a research report on Thursday, October 30th. HSBC reaffirmed a “buy” rating and issued a $335.00 price target on shares of Alphabet in a report on Thursday, October 30th. KeyCorp reiterated an “overweight” rating and set a $330.00 price objective on shares of Alphabet in a research note on Thursday, October 30th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Alphabet in a report on Wednesday, October 8th. Seven analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $324.81.

Alphabet Stock Up 3.3%

GOOG stock opened at $299.65 on Friday. The stock has a market cap of $3.62 trillion, a PE ratio of 29.55, a price-to-earnings-growth ratio of 1.86 and a beta of 1.05. The firm’s 50-day simple moving average is $262.98 and its 200 day simple moving average is $213.90. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $306.89. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, October 30th. The information services provider reported $2.87 EPS for the quarter, topping the consensus estimate of $2.29 by $0.58. Alphabet had a net margin of 32.23% and a return on equity of 36.08%. The firm had revenue of $102.35 billion during the quarter, compared to analysts’ expectations of $99.90 billion. During the same quarter in the prior year, the firm earned $2.12 EPS. Alphabet’s quarterly revenue was up 15.9% on a year-over-year basis. As a group, sell-side analysts predict that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 8th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Monday, December 8th. Alphabet’s dividend payout ratio is 8.28%.

Insiders Place Their Bets

In other news, CAO Amie Thuener O’toole sold 2,778 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $288.26, for a total value of $800,786.28. Following the completion of the transaction, the chief accounting officer owned 11,739 shares of the company’s stock, valued at approximately $3,383,884.14. This represents a 19.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $296.64, for a total transaction of $9,640,800.00. Following the sale, the chief executive officer owned 2,304,619 shares in the company, valued at approximately $683,642,180.16. This represents a 1.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 227,952 shares of company stock valued at $58,896,009 in the last quarter. 12.99% of the stock is owned by insiders.

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.