Waypoint Capital Advisors LLC Buys 101 Shares of Alphabet Inc. (NASDAQ:GOOG)

Waypoint Capital Advisors LLC boosted its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,226 shares of the information services provider’s stock after purchasing an additional 101 shares during the quarter. Waypoint Capital Advisors LLC’s holdings in Alphabet were worth $3,160,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Partnership Wealth Management LLC bought a new stake in Alphabet in the 4th quarter valued at $26,000. DiNuzzo Private Wealth Inc. bought a new stake in shares of Alphabet in the fourth quarter valued at about $32,000. Pacific Capital Wealth Advisors Inc. acquired a new position in shares of Alphabet during the fourth quarter worth about $34,000. Richardson Financial Services Inc. bought a new position in shares of Alphabet during the fourth quarter worth about $34,000. Finally, 1620 Investment Advisors Inc. acquired a new stake in Alphabet in the 2nd quarter valued at approximately $37,000. 27.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Wolfe Research raised shares of Alphabet to a “strong-buy” rating in a research report on Tuesday, July 16th. TD Cowen upped their target price on Alphabet from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Rosenblatt Securities lowered Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price target on the stock. in a research report on Friday, June 28th. Finally, Oppenheimer boosted their target price on shares of Alphabet from $205.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $182.86.

Alphabet Stock Performance

Shares of Alphabet stock traded up $1.94 during trading on Friday, reaching $167.43. The company’s stock had a trading volume of 14,281,621 shares, compared to its average volume of 20,309,939. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. The business’s 50-day moving average price is $176.34 and its 200-day moving average price is $164.64. Alphabet Inc. has a 52 week low of $121.46 and a 52 week high of $193.31. The firm has a market cap of $2.07 trillion, a PE ratio of 25.68, a P/E/G ratio of 1.28 and a beta of 1.05.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.04. The firm had revenue of $84.74 billion during the quarter, compared to the consensus estimate of $84.22 billion. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.44 EPS. Equities analysts forecast that Alphabet Inc. will post 7.62 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Monday, September 9th will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, September 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.48%. Alphabet’s dividend payout ratio (DPR) is currently 12.27%.

Insider Buying and Selling

In other news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $173.86, for a total value of $118,572.52. Following the sale, the chief accounting officer now directly owns 29,966 shares in the company, valued at approximately $5,209,888.76. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director John L. Hennessy sold 700 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $165.00, for a total transaction of $115,500.00. Following the completion of the transaction, the director now directly owns 29,324 shares of the company’s stock, valued at approximately $4,838,460. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $173.86, for a total value of $118,572.52. Following the completion of the sale, the chief accounting officer now owns 29,966 shares in the company, valued at approximately $5,209,888.76. The disclosure for this sale can be found here. Insiders sold a total of 179,065 shares of company stock worth $31,025,543 in the last ninety days. 12.99% of the stock is owned by insiders.

About Alphabet

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.