Raelipskie Partnership Acquires 1,415 Shares of Alphabet Inc. $GOOGL

Raelipskie Partnership boosted its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 10.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,067 shares of the information services provider’s stock after acquiring an additional 1,415 shares during the quarter. Alphabet accounts for approximately 1.2% of Raelipskie Partnership’s investment portfolio, making the stock its 15th biggest holding. Raelipskie Partnership’s holdings in Alphabet were worth $2,655,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in GOOGL. Guardian Wealth Management Inc. lifted its holdings in Alphabet by 242.9% during the 1st quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider’s stock worth $26,000 after purchasing an additional 119 shares during the last quarter. IMA Advisory Services Inc. acquired a new stake in shares of Alphabet during the 1st quarter worth approximately $28,000. NBZ Investment Advisors LLC increased its stake in shares of Alphabet by 85.7% in the 1st 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. CarsonAllaria Wealth Management Ltd. raised its stake in Alphabet by 36.4% during the second quarter. CarsonAllaria Wealth Management Ltd. now owns 251 shares of the information services provider’s stock worth $44,000 after acquiring an additional 67 shares in the last quarter. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new position in Alphabet during the 1st quarter worth approximately $50,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Price Performance

GOOGL stock opened at $284.28 on Wednesday. The stock has a market cap of $3.43 trillion, a PE ratio of 28.04, a P/E/G ratio of 1.86 and a beta of 1.05. The firm has a 50 day simple moving average of $259.16 and a two-hundred day simple moving average of $211.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. Alphabet Inc. has a one year low of $140.53 and a one year high of $293.95.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Wednesday, October 29th. The information services provider reported $2.87 EPS for the quarter, topping the consensus estimate of $2.29 by $0.58. The firm had revenue of $102.35 billion for the quarter, compared to the consensus estimate of $99.90 billion. Alphabet had a return on equity of 36.08% and a net margin of 32.23%. On average, analysts predict that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

Insider Buying and Selling at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $283.48, for a total value of $9,213,100.00. Following the sale, the chief executive officer owned 2,337,119 shares in the company, valued at $662,526,494.12. This represents a 1.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Frances Arnold sold 112 shares of the company’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $291.80, for a total value of $32,681.60. Following the transaction, the director directly owned 18,004 shares in the company, valued at approximately $5,253,567.20. The trade was a 0.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 189,896 shares of company stock worth $47,653,637 in the last ninety days. 11.64% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GOOGL. New Street Research boosted their target price on shares of Alphabet from $275.00 to $295.00 in a report on Friday, October 24th. Truist Financial boosted their target price on shares of Alphabet from $285.00 to $320.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft raised their price objective on Alphabet from $260.00 to $340.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Morgan Stanley lifted their price target on Alphabet from $270.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Finally, BNP Paribas Exane raised their price target on shares of Alphabet from $247.00 to $281.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. Four investment analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $305.33.

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.