Raelipskie Partnership Grows Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Raelipskie Partnership grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 9.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,873 shares of the information services provider’s stock after purchasing an additional 1,280 shares during the quarter. Alphabet makes up approximately 1.2% of Raelipskie Partnership’s investment portfolio, making the stock its 18th largest position. Raelipskie Partnership’s holdings in Alphabet were worth $2,467,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in GOOGL. Lantz Financial LLC raised its position in Alphabet by 10.8% during the 2nd quarter. Lantz Financial LLC now owns 4,622 shares of the information services provider’s stock valued at $842,000 after purchasing an additional 452 shares in the last quarter. Spectrum Wealth Advisory Group LLC purchased a new position in shares of Alphabet during the second quarter valued at $218,000. Hendley & Co. Inc. purchased a new stake in Alphabet in the second quarter worth about $377,000. ORG Partners LLC lifted its stake in Alphabet by 8,770.8% in the second quarter. ORG Partners LLC now owns 12,774 shares of the information services provider’s stock worth $2,334,000 after acquiring an additional 12,630 shares during the period. Finally, GPS Wealth Strategies Group LLC grew its holdings in Alphabet by 7.6% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 22,213 shares of the information services provider’s stock worth $4,046,000 after acquiring an additional 1,576 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on GOOGL shares. Phillip Securities raised shares of Alphabet to a “strong-buy” rating in a research report on Friday, November 1st. Morgan Stanley upped their target price on Alphabet from $190.00 to $205.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Royal Bank of Canada lifted their price target on Alphabet from $204.00 to $210.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Loop Capital upped their price objective on Alphabet from $170.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Finally, Roth Mkm lifted their target price on Alphabet from $206.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Seven research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and five have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $206.08.

Insiders Place Their Bets

In other Alphabet news, Director Kavitark Ram Shriram sold 37,134 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the transaction, the director now directly owns 282,832 shares of the company’s stock, valued at $52,329,576.64. This trade represents a 11.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $168.84, for a total transaction of $230,804.28. Following the sale, the chief accounting officer now directly owns 29,183 shares of the company’s stock, valued at $4,927,257.72. This represents a 4.47 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 198,623 shares of company stock worth $34,413,006. Company insiders own 11.55% of the company’s stock.

Alphabet Stock Up 3.6 %

Shares of GOOGL opened at $196.66 on Tuesday. The company has a market capitalization of $2.41 trillion, a price-to-earnings ratio of 26.08, a PEG ratio of 1.39 and a beta of 1.01. Alphabet Inc. has a 52 week low of $130.66 and a 52 week high of $199.00. The stock’s 50-day moving average price is $172.31 and its 200-day moving average price is $170.80. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping the consensus estimate of $1.83 by $0.29. The business had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same quarter in the prior year, the firm posted $1.55 EPS. On average, sell-side analysts predict that Alphabet Inc. will post 8.01 EPS for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were issued a $0.20 dividend. The ex-dividend date was Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.41%. Alphabet’s payout ratio is 10.61%.

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.