Valley Brook Capital Group Inc. Has $1.64 Million Holdings in Alphabet Inc. (NASDAQ:GOOG)

Valley Brook Capital Group Inc. boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,835 shares of the information services provider’s stock after acquiring an additional 112 shares during the quarter. Alphabet accounts for about 1.2% of Valley Brook Capital Group Inc.’s investment portfolio, making the stock its 24th largest holding. Valley Brook Capital Group Inc.’s holdings in Alphabet were worth $1,644,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. raised its stake in shares of Alphabet by 360.1% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 20,249 shares of the information services provider’s stock valued at $3,083,000 after acquiring an additional 15,848 shares in the last quarter. Quent Capital LLC raised its stake in shares of Alphabet by 5.8% in the 1st quarter. Quent Capital LLC now owns 32,706 shares of the information services provider’s stock valued at $4,980,000 after acquiring an additional 1,798 shares in the last quarter. TFB Advisors LLC raised its stake in shares of Alphabet by 48.2% in the 1st quarter. TFB Advisors LLC now owns 8,123 shares of the information services provider’s stock valued at $1,345,000 after acquiring an additional 2,643 shares in the last quarter. Catalina Capital Group LLC raised its stake in shares of Alphabet by 51.1% in the 1st quarter. Catalina Capital Group LLC now owns 20,649 shares of the information services provider’s stock valued at $3,144,000 after acquiring an additional 6,986 shares in the last quarter. Finally, Clarity Capital Partners LLC raised its stake in shares of Alphabet by 14.2% in the 1st quarter. Clarity Capital Partners LLC now owns 2,355 shares of the information services provider’s stock valued at $359,000 after acquiring an additional 292 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Price Performance

Alphabet stock opened at $182.28 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The firm has a market cap of $2.24 trillion, a P/E ratio of 24.18, a P/E/G ratio of 1.20 and a beta of 1.04. The business’s fifty day moving average is $164.24 and its two-hundred day moving average is $170.89. Alphabet Inc. has a 52 week low of $129.40 and a 52 week high of $193.31.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating 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 business had revenue of $88.27 billion for the quarter, compared to analyst estimates of $86.39 billion. During the same quarter in the prior year, the firm posted $1.55 earnings per share. The firm’s revenue for the quarter was up 15.1% compared to the same quarter last year. Equities research analysts forecast that Alphabet Inc. will post 7.97 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Monday, December 9th. Alphabet’s dividend payout ratio (DPR) is presently 10.61%.

Analysts Set New Price Targets

GOOG has been the topic of a number of recent analyst reports. DA Davidson raised Alphabet to a “hold” rating in a research note on Tuesday, September 10th. Phillip Securities raised Alphabet to a “strong-buy” rating in a report on Friday, November 1st. Pivotal Research raised their target price on Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Cantor Fitzgerald raised Alphabet to a “hold” rating in a report on Thursday, September 5th. Finally, Barclays raised their target price on Alphabet from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $200.56.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Kavitark Ram Shriram sold 10,500 shares of the stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $180.78, for a total value of $1,898,190.00. Following the transaction, the director now owns 330,466 shares of the company’s stock, valued at approximately $59,741,643.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Alphabet news, Director Kavitark Ram Shriram sold 10,500 shares of the stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $180.78, for a total value of $1,898,190.00. Following the completion of the sale, the director now directly owns 330,466 shares in the company, valued at $59,741,643.48. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $160.44, for a total value of $109,420.08. Following the completion of the sale, the chief accounting officer now owns 32,017 shares of the company’s stock, valued at $5,136,807.48. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 242,552 shares of company stock valued at $40,287,253. 12.99% of the stock is currently owned by company insiders.

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.