Jmac Enterprises LLC Buys 322 Shares of Alphabet Inc. (NASDAQ:GOOG)

Jmac Enterprises LLC raised its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 19,905 shares of the information services provider’s stock after purchasing an additional 322 shares during the quarter. Jmac Enterprises LLC’s holdings in Alphabet were worth $3,328,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Principal Financial Group Inc. increased its holdings in shares of Alphabet by 2.5% during the 3rd quarter. Principal Financial Group Inc. now owns 11,024,276 shares of the information services provider’s stock worth $1,843,149,000 after purchasing an additional 264,962 shares during the period. Woodmont Investment Counsel LLC increased its holdings in shares of Alphabet by 0.5% during the 3rd quarter. Woodmont Investment Counsel LLC now owns 72,552 shares of the information services provider’s stock worth $12,130,000 after purchasing an additional 336 shares during the period. Cozad Asset Management Inc. increased its stake in Alphabet by 2.6% in the third quarter. Cozad Asset Management Inc. now owns 18,248 shares of the information services provider’s stock valued at $3,051,000 after acquiring an additional 464 shares during the period. WoodTrust Financial Corp increased its stake in Alphabet by 1.9% in the third quarter. WoodTrust Financial Corp now owns 50,833 shares of the information services provider’s stock valued at $8,499,000 after acquiring an additional 934 shares during the period. Finally, Hanseatic Management Services Inc. increased its stake in Alphabet by 5.9% in the third quarter. Hanseatic Management Services Inc. now owns 4,958 shares of the information services provider’s stock valued at $829,000 after acquiring an additional 276 shares during the period. Institutional investors own 27.26% of the company’s stock.

Insiders Place Their Bets

In other Alphabet news, Director Kavitark Ram Shriram sold 10,500 shares of Alphabet stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $177.41, for a total transaction of $1,862,805.00. Following the completion of the sale, the director now owns 319,966 shares of the company’s stock, valued at approximately $56,765,168.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $177.36, for a total value of $3,990,600.00. Following the completion of the transaction, the chief executive officer now owns 2,084,306 shares of the company’s stock, valued at $369,672,512.16. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kavitark Ram Shriram sold 10,500 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $177.41, for a total transaction of $1,862,805.00. Following the completion of the transaction, the director now directly owns 319,966 shares of the company’s stock, valued at $56,765,168.06. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 242,552 shares of company stock valued at $40,287,253. Company insiders own 12.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on GOOG shares. Citigroup upped their target price on shares of Alphabet from $212.00 to $216.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Oppenheimer upped their target price on shares of Alphabet from $185.00 to $215.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Phillip Securities raised shares of Alphabet to a “strong-buy” rating in a report on Friday, November 1st. JPMorgan Chase & Co. lifted their target price on shares of Alphabet from $208.00 to $212.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Scotiabank started coverage on shares of Alphabet in a research note on Friday, October 11th. They issued a “sector outperform” rating and a $212.00 target price for the company. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three 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 $200.56.

Alphabet Stock Performance

GOOG stock opened at $182.28 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The company has a 50 day moving average price of $164.24 and a 200 day moving average price of $170.89. Alphabet Inc. has a fifty-two week low of $129.40 and a fifty-two week high of $193.31. The stock has a market capitalization of $2.24 trillion, a PE ratio of 24.18, a price-to-earnings-growth ratio of 1.20 and a beta of 1.04.

Alphabet (NASDAQ:GOOG) last released its earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The firm had revenue of $88.27 billion during the quarter, compared to analyst estimates of $86.39 billion. During the same quarter in the previous year, the business earned $1.55 EPS. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. Analysts forecast that Alphabet Inc. will post 7.97 EPS for the current year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend is Monday, December 9th. Alphabet’s dividend payout ratio is presently 10.61%.

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.