Triad Wealth Partners LLC Has $811,000 Stake in Alphabet Inc. (NASDAQ:GOOG)

Triad Wealth Partners LLC boosted its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 12.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,423 shares of the information services provider’s stock after buying an additional 503 shares during the period. Alphabet makes up approximately 0.4% of Triad Wealth Partners LLC’s investment portfolio, making the stock its 28th largest position. Triad Wealth Partners LLC’s holdings in Alphabet were worth $811,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in GOOG. Partnership Wealth Management LLC bought a new position in Alphabet in the 4th quarter valued at approximately $26,000. Equitec Proprietary Markets LLC bought a new position in Alphabet in the 4th quarter valued at approximately $28,000. DiNuzzo Private Wealth Inc. bought a new position in Alphabet in the 4th quarter valued at approximately $32,000. Pacific Capital Wealth Advisors Inc. bought a new position in Alphabet during the 4th quarter worth approximately $34,000. Finally, Richardson Financial Services Inc. bought a new position in Alphabet during the 4th quarter worth approximately $34,000. Institutional investors own 27.26% of the company’s stock.

Alphabet Trading Up 1.0 %

Shares of GOOG stock traded up $1.57 during trading hours on Friday, hitting $164.74. 16,853,137 shares of the company were exchanged, compared to its average volume of 20,481,816. The firm has a market cap of $2.04 trillion, a P/E ratio of 25.27, a P/E/G ratio of 1.28 and a beta of 1.05. Alphabet Inc. has a fifty-two week low of $121.46 and a fifty-two week high of $193.31. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08. The company has a 50 day simple moving average of $177.37 and a two-hundred day simple moving average of $163.73.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.04. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The business had revenue of $84.74 billion during the quarter, compared to the consensus estimate of $84.22 billion. During the same quarter last year, the firm posted $1.44 EPS. Alphabet’s revenue was up 13.6% compared to the same quarter last year. Equities analysts anticipate that Alphabet Inc. will post 7.62 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Monday, September 9th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.49%. The ex-dividend date is Monday, September 9th. Alphabet’s payout ratio is currently 12.27%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on GOOG shares. Oppenheimer raised their price target on shares of Alphabet from $205.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Rosenblatt Securities lowered shares of Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price target for the company. in a report on Friday, June 28th. Wolfe Research upgraded shares of Alphabet to a “strong-buy” rating in a report on Tuesday, July 16th. Finally, TD Cowen raised their price target on shares of Alphabet from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $182.86.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $176.58, for a total value of $3,973,050.00. Following the completion of the sale, the chief executive officer now owns 2,235,511 shares of the company’s stock, valued at approximately $394,746,532.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $176.58, for a total transaction of $3,973,050.00. Following the transaction, the chief executive officer now directly owns 2,235,511 shares of the company’s stock, valued at approximately $394,746,532.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $173.86, for a total transaction of $118,572.52. Following the transaction, the chief accounting officer now directly owns 29,966 shares in the company, valued at $5,209,888.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 155,865 shares of company stock valued at $27,137,693. 12.99% of the stock is owned by company 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.