Thursday, October 17, 2024
HomeFinnacial"SPC Financial Inc. Acquires New Stake in Alphabet Inc. (NASDAQ: GOOG)"

“SPC Financial Inc. Acquires New Stake in Alphabet Inc. (NASDAQ: GOOG)”

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Recent changes in Alphabet’s stock have involved various institutional investors. Abich Financial Wealth Management increased its stake by 9,200.0%, acquiring 186 shares worth $34,000. Other firms like 1620 Investment Advisors and HWG Holdings also made new investments valued at approximately $37,000 and $40,000, respectively. Overall, institutional investors hold 27.26% of Alphabets shares.

Analyst Ratings Overview

Analysts are optimistic about Alphabet (GOOG). Wolfe Research rated the stock as a strong-buy, while TD Cowen raised the price target from $200.00 to $220.00. The consensus rating is Moderate Buy with an average price target of $183.75.

Stock Performance Summary

Alphabet shares opened at $168.42. With a market cap of $2.08 trillion, the company has a P/E ratio of 25.83 and a PEG ratio of 1.21. Its 52-week range is from $121.46 to $193.31. Alphabet has recently reported EPS of $1.89, surpassing forecasts.

Dividend Information

The latest dividend was $0.20 per share, yielding 0.48%. The ex-dividend date was September 9, and the payout ratio is 12.27%.

Insider Transactions

Recent insider activity includes CAO Amie Thuener Otoole selling 682 shares at $168.00 and John Kent Walker selling 16,802 shares at an average price of $165.47.

About Alphabet Inc.

Alphabet Inc. operates globally, providing a range of services including ads, cloud computing, and other products through various segments.

Further Reading

Want the latest on GOOG? Visit HoldingsChannel.com for updates.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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