Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Northeast Financial Consultants Inc

Northeast Financial Consultants Inc increased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 189,624 shares of the information services provider’s stock after purchasing an additional 167 shares during the quarter. Alphabet comprises about 1.4% of Northeast Financial Consultants Inc’s holdings, making the stock its 19th largest position. Northeast Financial Consultants Inc’s holdings in Alphabet were worth $31,449,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Kensington Investment Counsel LLC raised its holdings in Alphabet by 1.8% in the 3rd quarter. Kensington Investment Counsel LLC now owns 19,933 shares of the information services provider’s stock valued at $3,306,000 after buying an additional 343 shares during the period. Dunhill Financial LLC raised its stake in shares of Alphabet by 39.2% in the 3rd quarter. Dunhill Financial LLC now owns 6,185 shares of the information services provider’s stock valued at $1,026,000 after acquiring an additional 1,743 shares during the period. Tenere Capital LLC lifted its holdings in shares of Alphabet by 26.1% in the 3rd quarter. Tenere Capital LLC now owns 131,459 shares of the information services provider’s stock worth $21,802,000 after acquiring an additional 27,172 shares during the last quarter. Delos Wealth Advisors LLC boosted its position in shares of Alphabet by 5.8% during the 3rd quarter. Delos Wealth Advisors LLC now owns 9,901 shares of the information services provider’s stock worth $1,642,000 after purchasing an additional 542 shares during the period. Finally, World Investment Advisors LLC increased its holdings in Alphabet by 2,496.1% in the 3rd quarter. World Investment Advisors LLC now owns 1,205,752 shares of the information services provider’s stock valued at $199,974,000 after purchasing an additional 1,159,308 shares during the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Alphabet news, Director Frances Arnold sold 441 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $171.06, for a total transaction of $75,437.46. Following the transaction, the director now owns 16,490 shares in the company, valued at approximately $2,820,779.40. The trade was a 2.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 1,367 shares of Alphabet stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $168.84, for a total value of $230,804.28. Following the completion of the sale, the chief accounting officer now owns 29,183 shares in the company, valued at approximately $4,927,257.72. This trade represents a 4.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 198,623 shares of company stock valued at $34,413,006 over the last three months. 11.55% of the stock is currently owned by company insiders.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $189.82 on Monday. Alphabet Inc. has a one year low of $129.68 and a one year high of $195.61. The stock has a market capitalization of $2.32 trillion, a price-to-earnings ratio of 25.18, a PEG ratio of 1.39 and a beta of 1.01. The company has a 50-day simple moving average of $171.63 and a 200-day simple moving average of $170.63. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95.

Alphabet (NASDAQ:GOOGL) 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 firm had revenue of $88.27 billion for the quarter, compared to analysts’ expectations of $72.85 billion. During the same quarter in the previous year, the firm posted $1.55 EPS. On average, analysts predict that Alphabet Inc. will post 8.01 EPS for the current year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend is Monday, December 9th. Alphabet’s dividend payout ratio is presently 10.61%.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of several research analyst reports. JMP Securities raised their price target on Alphabet from $200.00 to $220.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. 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. Truist Financial boosted their price target on shares of Alphabet from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Seaport Res Ptn raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Finally, Sanford C. Bernstein upped their target price on shares of Alphabet from $180.00 to $185.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Seven investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and five have given a strong buy rating to the stock. According to data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $206.08.

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.