World Investment Advisors Has $41.08 Million Position in Alphabet Inc. $GOOGL

World Investment Advisors raised its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.4% in the second quarter, Holdings Channel reports. The fund owned 233,118 shares of the information services provider’s stock after acquiring an additional 5,458 shares during the period. Alphabet comprises approximately 0.9% of World Investment Advisors’ holdings, making the stock its 16th biggest position. World Investment Advisors’ holdings in Alphabet were worth $41,082,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Guardian Wealth Management Inc. increased its holdings in shares of Alphabet by 242.9% during the first quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider’s stock worth $26,000 after buying an additional 119 shares in the last quarter. IMA Advisory Services Inc. acquired a new position in shares of Alphabet in the 1st quarter worth approximately $28,000. NBZ Investment Advisors LLC grew its position in Alphabet by 85.7% during the 1st quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider’s stock worth $30,000 after acquiring an additional 90 shares during the last quarter. CarsonAllaria Wealth Management Ltd. increased its holdings in Alphabet by 36.4% during the 2nd quarter. CarsonAllaria Wealth Management Ltd. now owns 251 shares of the information services provider’s stock valued at $44,000 after purchasing an additional 67 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. bought a new position in Alphabet in the 1st quarter valued at $39,000. Institutional investors own 40.03% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on GOOGL shares. Mizuho set a $325.00 target price on Alphabet in a report on Thursday, October 30th. New Street Research increased their price objective on shares of Alphabet from $275.00 to $295.00 in a report on Friday, October 24th. Citizens Jmp raised their price objective on shares of Alphabet from $250.00 to $290.00 and gave the company an “outperform” rating in a research report on Friday, September 19th. China Renaissance upped their target price on shares of Alphabet from $207.00 to $330.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, The Goldman Sachs Group increased their price target on shares of Alphabet from $288.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Three analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $304.10.

Alphabet Stock Down 2.1%

Shares of NASDAQ:GOOGL opened at $278.83 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a market cap of $3.37 trillion, a price-to-earnings ratio of 27.50, a P/E/G ratio of 1.86 and a beta of 1.05. The company has a 50 day moving average of $251.23 and a 200-day moving average of $204.90. Alphabet Inc. has a one year low of $140.53 and a one year high of $291.59.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.58. Alphabet had a net margin of 32.23% and a return on equity of 36.08%. The business had revenue of $102.35 billion for the quarter, compared to analyst estimates of $99.90 billion. On average, sell-side analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 8th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Monday, December 8th. Alphabet’s dividend payout ratio (DPR) is currently 8.28%.

Insider Buying and Selling at Alphabet

In other news, Director John L. Hennessy sold 600 shares of the business’s stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $242.92, for a total transaction of $145,752.00. Following the completion of the transaction, the director directly owned 5,116 shares in the company, valued at approximately $1,242,778.72. The trade was a 10.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 954 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $282.33, for a total value of $269,342.82. Following the completion of the sale, the chief accounting officer directly owned 14,517 shares of the company’s stock, valued at approximately $4,098,584.61. This trade represents a 6.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 222,396 shares of company stock valued at $54,105,275 over the last quarter. 11.64% of the stock is owned by corporate 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.