Alphabet Inc. (NASDAQ:GOOG) Shares Bought by Leavell Investment Management Inc.

Leavell Investment Management Inc. lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 9.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,703 shares of the information services provider’s stock after buying an additional 8,437 shares during the quarter. Alphabet makes up about 0.8% of Leavell Investment Management Inc.’s investment portfolio, making the stock its 23rd largest holding. Leavell Investment Management Inc.’s holdings in Alphabet were worth $16,836,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Strategic Family Wealth Counselors L.L.C. increased its holdings in Alphabet by 22.4% in the third quarter. Strategic Family Wealth Counselors L.L.C. now owns 1,389 shares of the information services provider’s stock valued at $232,000 after buying an additional 254 shares during the last quarter. Capital Performance Advisors LLP grew its position in shares of Alphabet by 28.9% in the 3rd quarter. Capital Performance Advisors LLP now owns 1,853 shares of the information services provider’s stock worth $310,000 after acquiring an additional 416 shares in the last quarter. Physicians Financial Services Inc. increased its holdings in shares of Alphabet by 3.1% in the 3rd quarter. Physicians Financial Services Inc. now owns 8,390 shares of the information services provider’s stock valued at $1,403,000 after acquiring an additional 250 shares during the last quarter. Philip James Wealth Mangement LLC raised its position in shares of Alphabet by 23.6% during the 3rd quarter. Philip James Wealth Mangement LLC now owns 3,976 shares of the information services provider’s stock valued at $665,000 after acquiring an additional 760 shares in the last quarter. Finally, Lakeshore Financial Planning Inc. lifted its stake in Alphabet by 3.8% during the third quarter. Lakeshore Financial Planning Inc. now owns 3,832 shares of the information services provider’s stock worth $641,000 after purchasing an additional 142 shares during the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GOOG. Barclays increased their target price on shares of Alphabet from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Wolfe Research raised shares of Alphabet to a “strong-buy” rating in a report on Tuesday, July 16th. JPMorgan Chase & Co. upped their target price on Alphabet from $208.00 to $212.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Scotiabank initiated coverage on Alphabet in a report on Friday, October 11th. They issued a “sector outperform” rating and a $212.00 price target on the stock. Finally, Phillip Securities upgraded Alphabet to a “strong-buy” rating in a research note on Friday, November 1st. Five equities 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $200.56.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $160.44, for a total transaction of $109,420.08. Following the completion of the sale, the chief accounting officer now owns 32,017 shares of the company’s stock, valued at $5,136,807.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $160.44, for a total transaction of $109,420.08. Following the completion of the sale, the chief accounting officer now owns 32,017 shares of the company’s stock, valued at approximately $5,136,807.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kavitark Ram Shriram sold 10,500 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $180.78, for a total value of $1,898,190.00. Following the completion of the transaction, the director now owns 330,466 shares in the company, valued at $59,741,643.48. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 242,552 shares of company stock valued at $40,287,253. Corporate insiders own 12.99% of the company’s stock.

Alphabet Trading Down 1.3 %

NASDAQ GOOG opened at $179.86 on Friday. The firm’s 50 day moving average price is $164.92 and its two-hundred day moving average price is $171.12. The stock has a market cap of $2.20 trillion, a price-to-earnings ratio of 23.85, a PEG ratio of 1.25 and a beta of 1.04. Alphabet Inc. has a twelve month low of $129.40 and a twelve month high of $193.31. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm had revenue of $88.27 billion for the quarter, compared to analyst estimates of $86.39 billion. During the same period in the previous year, the firm earned $1.55 earnings per share. Alphabet’s quarterly revenue was up 15.1% on a year-over-year basis. Equities analysts anticipate that Alphabet Inc. will post 7.99 EPS for the current year.

Alphabet Dividend Announcement

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 dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Monday, December 9th. Alphabet’s dividend payout ratio is currently 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.