Alphabet Inc. $GOOG Shares Purchased by Kestra Advisory Services LLC

Kestra Advisory Services LLC raised its stake in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 4.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 850,477 shares of the information services provider’s stock after buying an additional 40,011 shares during the period. Alphabet accounts for about 0.8% of Kestra Advisory Services LLC’s portfolio, making the stock its 16th largest position. Kestra Advisory Services LLC’s holdings in Alphabet were worth $289,791,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Morton Brown Family Wealth LLC lifted its position in shares of Alphabet by 135.5% in the third quarter. Morton Brown Family Wealth LLC now owns 73 shares of the information services provider’s stock valued at $25,000 after acquiring an additional 42 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in shares of Alphabet during the second quarter valued at $29,000. Livelsberger Financial Advisory purchased a new stake in Alphabet during the 3rd quarter worth about $37,000. Toth Financial Advisory Corp purchased a new stake in Alphabet during the 2nd quarter worth about $41,000. Finally, Timbuktu Capital Management LLC purchased a new stake in Alphabet during the 2nd quarter worth about $46,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling

In other news, Director Frances Arnold sold 83 shares of the company’s stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total transaction of $28,257.35. Following the completion of the transaction, the director owned 19,076 shares of the company’s stock, valued at $6,494,424.20. This represents a 0.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders sold 247 shares of company stock valued at $79,238. 12.99% of the stock is owned by insiders.

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $283.93 on Friday. The company has a market cap of $3.47 trillion, a P/E ratio of 14.82, a P/E/G ratio of 0.86 and a beta of 1.21. The company has a quick ratio of 2.69, a current ratio of 2.79 and a debt-to-equity ratio of 0.19. Alphabet Inc. has a 52 week low of $271.41 and a 52 week high of $404.47. The business has a fifty day simple moving average of $329.78 and a 200-day simple moving average of $337.01.

Alphabet (NASDAQ:GOOG – Get Free Report) last released its earnings results on Thursday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, missing the consensus estimate of $3.01 by ($0.89). Alphabet had a return on equity of 43.33% and a net margin of 50.03%. The business had revenue of $127.58 billion for the quarter, compared to analysts’ expectations of $127.97 billion. During the same quarter last year, the company posted $2.87 earnings per share. The business’s quarterly revenue was up 24.7% compared to the same quarter last year. Equities research analysts forecast that Alphabet Inc. will post 19.80 EPS for the current year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Shareholders of record on Monday, December 7th will be issued a $0.22 dividend. The ex-dividend date is Monday, December 7th. This represents a $0.88 annualized dividend and a yield of 0.3%. Alphabet’s payout ratio is 4.59%.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Zacks Research lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Citigroup cut shares of Alphabet from a “market outperform” rating to a “market perform” rating in a research note on Thursday, October 29th. DZ Bank upgraded shares of Alphabet from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Barclays reissued an “overweight” rating on shares of Alphabet in a research report on Thursday, October 29th. Finally, Needham & Company LLC reissued a “buy” rating on shares of Alphabet in a research note on Tuesday, October 27th. Six research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $413.38.

View Our Latest Research Report on GOOG

Alphabet Company Profile

(Free Report)

Alphabet is a technology holding company whose primary business is Google. Founded in 1998 by Larry Page and Sergey Brin, Google became part of Alphabet when the company adopted a holding-company structure in 2015. Sundar Pichai leads Alphabet and Google as chief executive officer.

Google offers internet search, online advertising, cloud computing, and software and hardware products. Its services and products include Google Search, YouTube, Android, Chrome, Google Maps, Google Play, and Google Cloud.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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