Maripau Wealth Management LLC Grows Stock Position in Alphabet Inc. $GOOGL

Maripau Wealth Management LLC increased its holdings in Alphabet Inc. by 45.4% in Q2, owning 5,459 shares worth $969,000. Other investors also adjusted their stakes in Alphabet. The stock opened at $317.62, with a market cap of $3.83 trillion. Alphabet reported Q3 earnings of $2.87 per share, beating estimates. A quarterly dividend of $0.21 will be paid on December 15th. Insider sales included CEO Sundar Pichai selling 32,500 shares.

Maripau Wealth Management LLC boosted its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 45.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,459 shares of the information services provider's stock after acquiring an additional 1,705 shares during the period. Maripau Wealth Management LLC's holdings in Alphabet were worth $969,000 as of its most recent filing with the Securities and Exchange Commission.

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Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in Alphabet by 3.9% during the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider's stock valued at $20,886,000 after buying an additional 4,110 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Alphabet by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider's stock valued at $2,826,000 after acquiring an additional 506 shares in the last quarter. Smart Money Group LLC boosted its stake in shares of Alphabet by 9.4% during the first quarter. Smart Money Group LLC now owns 6,181 shares of the information services provider's stock valued at $956,000 after acquiring an additional 532 shares during the last quarter. United Bank increased its position in Alphabet by 2.1% during the 1st quarter. United Bank now owns 45,084 shares of the information services provider's stock worth $6,972,000 after purchasing an additional 910 shares in the last quarter. Finally, Integrated Investment Consultants LLC increased its position in Alphabet by 16.4% during the 1st quarter. Integrated Investment Consultants LLC now owns 27,114 shares of the information services provider's stock worth $4,193,000 after purchasing an additional 3,822 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet Stock Down 0.6%

Shares of GOOGL opened at $317.62 on Friday. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $328.83. The company's fifty day moving average is $274.65 and its two-hundred day moving average is $223.02. The firm has a market cap of $3.83 trillion, a PE ratio of 31.32, a price-to-earnings-growth ratio of 1.85 and a beta of 1.07. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.06.

These Are the Hottest Upgrades From the Q3 Reporting Cycle

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings data on Wednesday, October 29th. The information services provider reported $2.87 EPS for the quarter, topping analysts' consensus estimates of $2.29 by $0.58. The business had revenue of $102.35 billion during the quarter, compared to the consensus estimate of $99.90 billion. Alphabet had a return on equity of 35.00% and a net margin of 32.23%. Analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 8th will be issued 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 dividend payout ratio (DPR) is 8.28%.

Insider Activity

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In other news, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $243.41, for a total transaction of $7,910,825.00. Following the completion of the sale, the chief executive officer owned 2,402,119 shares in the company, valued at approximately $584,699,785.79. The trade was a 1.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Kent Walker sold 17,816 shares of the firm's stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $247.42, for a total transaction of $4,408,034.72. Following the completion of the transaction, the insider owned 42,985 shares in the company, valued at $10,635,348.70. The trade was a 29.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 193,628 shares of company stock valued at $50,942,622 in the last three months. Corporate insiders own 11.64% of the company's stock.

Wall Street Analyst Weigh In

GOOGL has been the topic of several analyst reports. BNP Paribas Exane started coverage on shares of Alphabet in a research note on Monday, November 24th. They set an "outperform" rating and a $355.00 price target on the stock. Piper Sandler reissued an "overweight" rating and set a $330.00 price objective (up previously from $285.00) on shares of Alphabet in a research note on Thursday, October 30th. Susquehanna raised their target price on shares of Alphabet from $225.00 to $350.00 and gave the stock a "positive" rating in a research report on Thursday, October 30th. Mizuho set a $325.00 price target on Alphabet in a report on Thursday, October 30th. Finally, Guggenheim reissued a "buy" rating and set a $375.00 price target (up previously from $330.00) on shares of Alphabet in a research note on Monday. Four analysts have rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, Alphabet currently has a consensus rating of "Moderate Buy" and an average target price of $312.06.

Check Out Our Latest Stock Analysis on GOOGL

About Alphabet

(Free Report)

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.

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