Alphabet Inc. (NASDAQ:GOOG) Shares Purchased by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC boosted its stake in Alphabet Inc. (NASDAQ:GOOG) by 3.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 126,226 shares of the information services provider’s stock after buying an additional 4,562 shares during the period. OneDigital Investment Advisors LLC’s holdings in Alphabet were worth $21,104,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Sargent Investment Group LLC lifted its stake in Alphabet by 7.3% during the third quarter. Sargent Investment Group LLC now owns 32,889 shares of the information services provider’s stock worth $5,499,000 after purchasing an additional 2,235 shares in the last quarter. Palo Alto Wealth Advisors LLC raised its holdings in shares of Alphabet by 320.7% in the 3rd quarter. Palo Alto Wealth Advisors LLC now owns 327,081 shares of the information services provider’s stock valued at $54,230,000 after buying an additional 249,329 shares during the period. Lifeworks Advisors LLC lifted its stake in Alphabet by 6.5% during the 3rd quarter. Lifeworks Advisors LLC now owns 1,420 shares of the information services provider’s stock worth $237,000 after acquiring an additional 87 shares in the last quarter. Intelligence Driven Advisers LLC boosted its holdings in Alphabet by 15.8% during the 3rd quarter. Intelligence Driven Advisers LLC now owns 10,039 shares of the information services provider’s stock valued at $1,678,000 after acquiring an additional 1,370 shares during the period. Finally, Lummis Asset Management LP grew its position in Alphabet by 12.4% in the 3rd quarter. Lummis Asset Management LP now owns 21,313 shares of the information services provider’s stock valued at $3,563,000 after acquiring an additional 2,354 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Wall Street Analyst Weigh In

GOOG has been the topic of several research reports. Pivotal Research increased their price target on shares of Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Barclays raised their price target on shares of Alphabet from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. upped their price objective on Alphabet from $208.00 to $212.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Citigroup lifted their target price on Alphabet from $212.00 to $216.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Seaport Res Ptn upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $200.56.

Alphabet Trading Down 1.7 %

Shares of Alphabet stock opened at $177.35 on Friday. The company has a fifty day simple moving average of $166.20 and a 200-day simple moving average of $171.57. Alphabet Inc. has a 12-month low of $129.40 and a 12-month high of $193.31. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The stock has a market cap of $2.17 trillion, a price-to-earnings ratio of 23.52, a PEG ratio of 1.27 and a beta of 1.04.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The company had revenue of $88.27 billion for the quarter, compared to analyst estimates of $86.39 billion. During the same quarter last year, the company posted $1.55 earnings per share. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. On average, equities analysts forecast that Alphabet Inc. will post 7.99 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.45%. The ex-dividend date is Monday, December 9th. Alphabet’s dividend payout ratio (DPR) is 10.61%.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Frances Arnold sold 441 shares of Alphabet stock in a transaction on Monday, November 4th. The shares were sold at an average price of $171.06, for a total value of $75,437.46. Following the transaction, the director now directly owns 16,490 shares in the company, valued at approximately $2,820,779.40. The trade was a 2.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John Kent Walker sold 21,467 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $160.35, for a total transaction of $3,442,233.45. Following the sale, the insider now owns 39,334 shares of the company’s stock, valued at $6,307,206.90. This trade represents a 35.31 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 206,795 shares of company stock worth $34,471,141. 12.99% of the stock is owned by insiders.

Alphabet 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.