Game Plan Financial Advisors LLC owns $9.90 million shares in Alphabet Inc. (NASDAQ:GOOG)

Game Plan Financial Advisors LLC reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 1.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,949 shares of the information services provider’s stock after selling 896 shares during the quarter. Alphabet makes up about 4.9% of Game Plan Financial Advisors LLC’s portfolio, making the stock its 2nd largest position. Game Plan Financial Advisors LLC’s holdings in Alphabet were worth $9,895,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in GOOG. International Assets Investment Management LLC purchased a new position in Alphabet in the fourth quarter valued at about $8,232,000. Gilbert & Cook Inc. grew its position in shares of Alphabet by 15.5% during the 4th quarter. Gilbert & Cook Inc. now owns 29,159 shares of the information services provider’s stock worth $4,109,000 after buying an additional 3,924 shares during the period. Concentrum Wealth Management boosted its stake in shares of Alphabet by 25.0% in the fourth quarter. Concentrum Wealth Management now owns 16,440 shares of the information services provider’s stock valued at $2,317,000 after purchasing an additional 3,283 shares in the last quarter. Aveo Capital Partners LLC lifted its position in shares of Alphabet by 2.4% during the 4th quarter. Aveo Capital Partners LLC now owns 6,647 shares of the information services provider’s stock valued at $937,000 after purchasing an additional 154 shares during the period. actions during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Alphabet by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 28,800,413 shares of the information services provider’s stock worth $4,058,842,000 after purchasing an additional 481,376 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s shares.

Analysts set new price targets

GOOG has been the subject of several research analyst reports. Rosenblatt Securities downgraded shares of Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 target price for the company. in a research note on Friday, June 28th. Wolfe Research raised Alphabet to a “strong-buy” rating in a research report on Tuesday, July 16th. TD Cowen upped their target price on Alphabet from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Finally, Oppenheimer boosted their price objective on Alphabet from $205.00 to $210.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $182.86, based on data from MarketBeat.com.

Read our latest report on GOOG

Insider buying and selling at Alphabet

In related news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $183.47, for a total transaction of $125,126.54. Following the completion of the transaction, the chief accounting officer now owns 30,650 shares in the company, valued at $5,623,355.50. The transaction was disclosed in a filing with the SEC, which is available via this link. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $167.66, for a total value of $3,772,350.00. Following the sale, the chief executive officer now directly owns 2,159,885 shares in the company, valued at $362,126,319.10. The sale was disclosed in a filing with the SEC, which is accessible via this link. Also, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $183.47, for a total value of $125,126.54. Following the transaction, the chief accounting officer now owns 30,650 shares of the company’s stock, valued at approximately $5,623,355.50. The disclosure for this sale can be found here. Insiders sold 156,565 shares of company stock worth $27,043,340 in the last quarter. 12.99% of shares are currently owned by company insiders.

Alphabet stock performance

Shares of GOOG stock opened at $158.61 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08, and a quick ratio of 2.08. The firm has a 50-day moving average of $174.24 and a 200-day moving average of $165.65. Alphabet Inc. it has a one year low of $121.46 and a one year high of $193.31. The company has a market cap of $1.96 trillion, a P/E ratio of 24.33, a P/E/G ratio of 1.22 and a beta of 1.05.

Alphabet (NASDAQ:GOOG – Get Your Free Report ) last issued its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 EPS for the quarter, topping 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 firm had revenue of $84.74 billion during the quarter, compared to analyst estimates of $84.22 billion. In the same quarter last year, the business posted EPS of $1.44. The company’s revenue for the quarter was up 13.6% year over year. Equity research analysts forecast that Alphabet Inc. will post 7.63 EPS for the current fiscal year.

Alphabetical announcement of dividends

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 issued a dividend of $0.20 per share. The ex-dividend date is Monday, September 9. This represents a dividend of $0.80 on an annualized basis and a yield of 0.50%. Alphabet’s dividend payout ratio (DPR) is currently 12.27%.

Profile of the alphabet

(Free Report)

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, Asia-Pacific, Canada and Latin America. It works through Google services, Google Cloud and other betting segments. The Google Services segment offers products and services, including advertising, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search and YouTube.

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