Invictus Private Wealth LLC Buys 95 Shares of Alphabet Inc. (NASDAQ:GOOG)

Invictus Private Wealth LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 186,342 shares of the information services provider’s stock after acquiring an additional 95 shares during the period. Alphabet comprises approximately 2.5% of Invictus Private Wealth LLC’s investment portfolio, making the stock its 13th biggest holding. Invictus Private Wealth LLC’s holdings in Alphabet were worth $31,155,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. raised its stake in Alphabet by 360.1% in the first quarter. China Universal Asset Management Co. Ltd. now owns 20,249 shares of the information services provider’s stock worth $3,083,000 after buying an additional 15,848 shares in the last quarter. Quent Capital LLC increased its holdings 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 during the period. Integrity Financial Corp WA raised its position in shares of Alphabet by 25.7% in the 1st quarter. Integrity Financial Corp WA now owns 8,798 shares of the information services provider’s stock worth $1,340,000 after acquiring an additional 1,801 shares in the last quarter. Whittier Trust Co. lifted its stake in shares of Alphabet by 1.1% during the 1st quarter. Whittier Trust Co. now owns 1,328,314 shares of the information services provider’s stock worth $202,249,000 after purchasing an additional 14,519 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in Alphabet by 3.0% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 595,799 shares of the information services provider’s stock valued at $90,716,000 after purchasing an additional 17,619 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Prabhakar Raghavan sold 34,257 shares of Alphabet stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $162.60, for a total value of $5,570,188.20. Following the sale, the senior vice president now owns 312,210 shares in the company, valued at $50,765,346. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Alphabet news, SVP Prabhakar Raghavan sold 34,257 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $162.60, for a total value of $5,570,188.20. Following the transaction, the senior vice president now owns 312,210 shares in the company, valued at approximately $50,765,346. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John Kent Walker sold 21,467 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $160.35, for a total transaction of $3,442,233.45. Following the completion of the transaction, the insider now directly owns 39,334 shares in the company, valued at approximately $6,307,206.90. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 232,052 shares of company stock worth $38,424,448. Company insiders own 12.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Citigroup increased their price target on shares of Alphabet from $212.00 to $216.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. TD Cowen raised their target price on shares of Alphabet from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Phillip Securities upgraded Alphabet to a “strong-buy” rating in a report on Friday, November 1st. Pivotal Research raised their price objective on Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Barclays upped their target price on Alphabet from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $200.56.

Alphabet Trading Up 4.0 %

Alphabet stock opened at $178.33 on Thursday. The firm has a market cap of $2.20 trillion, a PE ratio of 23.65, a P/E/G ratio of 1.20 and a beta of 1.04. Alphabet Inc. has a 12 month low of $129.40 and a 12 month high of $193.31. The stock’s 50 day simple moving average is $164.24 and its two-hundred day simple moving average is $170.89. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The business had revenue of $88.27 billion for the quarter, compared to analyst estimates of $86.39 billion. During the same period in the prior year, the company posted $1.55 EPS. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. Analysts anticipate that Alphabet Inc. will post 7.97 earnings per share 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 $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend is Monday, December 9th. Alphabet’s payout ratio is presently 10.61%.

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.