Alphabet Inc. (NASDAQ:GOOGL) is Sanctuary Advisors LLC’s 9th Largest Position

Sanctuary Advisors LLC raised its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 13.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 923,329 shares of the information services provider’s stock after purchasing an additional 106,890 shares during the quarter. Alphabet accounts for about 1.0% of Sanctuary Advisors LLC’s investment portfolio, making the stock its 9th largest position. Sanctuary Advisors LLC’s holdings in Alphabet were worth $152,128,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Lantz Financial LLC lifted its holdings in Alphabet by 10.8% in the 2nd quarter. Lantz Financial LLC now owns 4,622 shares of the information services provider’s stock worth $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 in the second quarter worth $218,000. ERn Financial LLC boosted its position in shares of Alphabet by 2.5% during the second quarter. ERn Financial LLC now owns 17,011 shares of the information services provider’s stock worth $3,098,000 after acquiring an additional 416 shares during the last quarter. Windmill Hill Asset Management Ltd grew its stake in Alphabet by 5.6% during the second quarter. Windmill Hill Asset Management Ltd now owns 48,904 shares of the information services provider’s stock valued at $8,908,000 after acquiring an additional 2,600 shares in the last quarter. Finally, Rockingstone Advisors LLC grew its stake in Alphabet by 1.7% during the second quarter. Rockingstone Advisors LLC now owns 26,803 shares of the information services provider’s stock valued at $4,882,000 after acquiring an additional 448 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

Alphabet Trading Up 0.1 %

GOOGL opened at $188.51 on Friday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The stock’s fifty day moving average is $173.99 and its two-hundred day moving average is $171.21. The company has a market capitalization of $2.31 trillion, a P/E ratio of 25.00, 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 $201.42.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS 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 $72.85 billion. During the same quarter last year, the firm posted $1.55 earnings per share. Analysts forecast that Alphabet Inc. will post 8.01 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.42%. Alphabet’s dividend payout ratio is presently 10.61%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Truist Financial increased their price objective on shares of Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Wells Fargo & Company raised their price target on Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $190.00 price objective on shares of Alphabet in a research note on Wednesday, October 30th. Pivotal Research increased their target price on Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Roth Mkm boosted their price target on shares of Alphabet from $206.00 to $212.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Seven research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and five have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $206.69.

Insider Activity at Alphabet

In related news, Director John L. Hennessy sold 700 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $165.00, for a total transaction of $115,500.00. Following the completion of the sale, the director now owns 27,824 shares of the company’s stock, valued at $4,590,960. This represents a 2.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Amie Thuener O’toole sold 1,367 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $168.84, for a total transaction of $230,804.28. Following the completion of the sale, the chief accounting officer now owns 29,183 shares of the company’s stock, valued at approximately $4,927,257.72. This trade represents a 4.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 178,957 shares of company stock valued at $31,358,687 over the last ninety days. 11.55% of the stock is owned by company 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.