M Holdings Securities Inc. Buys 3,505 Shares of Alphabet Inc. $GOOG

M Holdings Securities Inc. lifted its stake in Alphabet Inc. (NASDAQ:GOOG) by 9.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 40,587 shares of the information services provider’s stock after acquiring an additional 3,505 shares during the quarter. Alphabet makes up approximately 1.2% of M Holdings Securities Inc.’s investment portfolio, making the stock its 21st largest position. M Holdings Securities Inc.’s holdings in Alphabet were worth $7,204,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. IFS Advisors LLC boosted its holdings in shares of Alphabet by 400.0% in the 2nd quarter. IFS Advisors LLC now owns 150 shares of the information services provider’s stock valued at $27,000 after buying an additional 120 shares during the last quarter. Robbins Farley lifted its stake in Alphabet by 60.0% in the second quarter. Robbins Farley now owns 160 shares of the information services provider’s stock valued at $28,000 after acquiring an additional 60 shares during the last quarter. WestEnd Advisors LLC grew its position in shares of Alphabet by 58.7% in the 2nd quarter. WestEnd Advisors LLC now owns 165 shares of the information services provider’s stock valued at $29,000 after acquiring an additional 61 shares during the period. Fairman Group LLC raised its holdings in shares of Alphabet by 121.3% in the 2nd quarter. Fairman Group LLC now owns 177 shares of the information services provider’s stock valued at $31,000 after purchasing an additional 97 shares during the period. Finally, University of Illinois Foundation acquired a new stake in Alphabet in the 2nd quarter valued at about $31,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GOOG has been the topic of several research analyst reports. DA Davidson set a $300.00 price objective on Alphabet in a research note on Tuesday, November 25th. Wolfe Research increased their price target on Alphabet from $290.00 to $350.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Pivotal Research reaffirmed a “buy” rating on shares of Alphabet in a report on Friday. KeyCorp reaffirmed an “overweight” rating and set a $330.00 price objective on shares of Alphabet in a research report on Thursday, October 30th. Finally, Scotiabank set a $336.00 price objective on shares of Alphabet and gave the company a “sector outperform” rating in a report on Thursday, October 30th. Seven analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $307.22.

Alphabet Stock Performance

Shares of NASDAQ GOOG opened at $318.39 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.75. The firm has a market cap of $3.84 trillion, a price-to-earnings ratio of 31.40, a P/E/G ratio of 1.86 and a beta of 1.07. The stock’s fifty day moving average price is $275.23 and its two-hundred day moving average price is $223.79. Alphabet Inc. has a one year low of $142.66 and a one year high of $328.67.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, October 30th. The information services provider reported $2.87 EPS 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 35.00%. The business had revenue of $102.35 billion for the quarter, compared to the consensus estimate of $99.90 billion. During the same period in the prior year, the company posted $2.12 earnings per share. Alphabet’s revenue was up 15.9% compared to the same quarter last year. On average, equities analysts forecast that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Monday, December 8th. Alphabet’s payout ratio is presently 8.28%.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 954 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $317.00, for a total transaction of $302,418.00. Following the completion of the sale, the chief accounting officer directly owned 11,740 shares in the company, valued at approximately $3,721,580. This represents a 7.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Frances Arnold sold 102 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $317.66, for a total value of $32,401.32. Following the sale, the director directly owned 18,104 shares in the company, valued at approximately $5,750,916.64. This trade represents a 0.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 196,406 shares of company stock valued at $51,743,408 in the last three months. Corporate insiders own 12.99% of the company’s stock.

Alphabet 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.