Game Plan Financial Advisors LLC Has $9.85 Million Holdings in Alphabet Inc. $GOOG

Game Plan Financial Advisors LLC lifted its position in Alphabet Inc. (NASDAQ:GOOG) by 5.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 55,529 shares of the information services provider’s stock after acquiring an additional 2,772 shares during the period. Alphabet accounts for about 4.3% of Game Plan Financial Advisors LLC’s investment portfolio, making the stock its 3rd largest holding. Game Plan Financial Advisors LLC’s holdings in Alphabet were worth $9,850,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in GOOG. Brighton Jones LLC raised its position in shares of Alphabet by 5.6% in the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock worth $22,901,000 after acquiring an additional 6,410 shares in the last quarter. Revisor Wealth Management LLC raised its position in shares of Alphabet by 107.9% in the 1st quarter. Revisor Wealth Management LLC now owns 3,659 shares of the information services provider’s stock worth $572,000 after acquiring an additional 1,899 shares in the last quarter. GAMMA Investing LLC increased its position in Alphabet by 19.5% during the 1st quarter. GAMMA Investing LLC now owns 91,681 shares of the information services provider’s stock valued at $14,323,000 after buying an additional 14,931 shares in the last quarter. Goldstone Financial Group LLC increased its position in Alphabet by 15.1% during the 1st quarter. Goldstone Financial Group LLC now owns 3,210 shares of the information services provider’s stock valued at $502,000 after buying an additional 420 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV increased its position in Alphabet by 21.0% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 2,794 shares of the information services provider’s stock valued at $436,000 after buying an additional 485 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Alphabet Stock Performance

Shares of GOOG opened at $237.49 on Monday. The business’s fifty day simple moving average is $226.97 and its two-hundred day simple moving average is $189.99. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. Alphabet Inc. has a 12 month low of $142.66 and a 12 month high of $256.70. The company has a market cap of $2.87 trillion, a price-to-earnings ratio of 25.29, a P/E/G ratio of 1.60 and a beta of 1.00.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, beating the consensus estimate of $2.12 by $0.19. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.The business had revenue of $96.43 billion for the quarter, compared to the consensus estimate of $93.67 billion. During the same period last year, the business posted $1.89 EPS. The company’s revenue was up 13.8% compared to the same quarter last year. Research analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 8th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, September 8th. Alphabet’s dividend payout ratio (DPR) is currently 8.95%.

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $196.23, for a total value of $6,377,475.00. Following the completion of the sale, the chief executive officer owned 2,494,892 shares of the company’s stock, valued at $489,572,657.16. The trade was a 1.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John Kent Walker sold 23,820 shares of Alphabet stock in a transaction on Monday, August 4th. The stock was sold at an average price of $194.70, for a total value of $4,637,754.00. Following the completion of the sale, the insider directly owned 42,999 shares of the company’s stock, valued at $8,371,905.30. The trade was a 35.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 276,338 shares of company stock worth $59,062,683 in the last ninety days. Insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on GOOG. Scotiabank raised their price objective on Alphabet from $200.00 to $240.00 and gave the company a “sector outperform” rating in a research report on Tuesday, July 22nd. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of Alphabet in a research report on Wednesday, July 9th. Robert W. Baird raised their price objective on Alphabet from $215.00 to $275.00 and gave the company an “outperform” rating in a research report on Monday, September 22nd. Oppenheimer reaffirmed an “outperform” rating and set a $270.00 price objective (up previously from $235.00) on shares of Alphabet in a research report on Wednesday, September 3rd. Finally, Morgan Stanley raised their price objective on Alphabet from $210.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, October 2nd. Six analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $241.00.

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.