Signal Advisors Wealth LLC lifted its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 236.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,859 shares of the information services provider's stock after purchasing an additional 6,930 shares during the period. Signal Advisors Wealth LLC's holdings in Alphabet were worth $1,488,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in GOOGL. Vermillion & White Wealth Management Group LLC bought a new stake in Alphabet during the fourth quarter valued at about $30,000. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Alphabet during the 4th quarter valued at $38,000. Meritage Group LP raised its stake in Alphabet by 1,061.5% in the third quarter. Meritage Group LP now owns 302 shares of the information services provider's stock valued at $40,000 after buying an additional 276 shares during the last quarter. Armor Investment Advisors LLC grew its stake in shares of Alphabet by 31.0% during the fourth quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider's stock worth $47,000 after acquiring an additional 80 shares during the last quarter. Finally, IAG Wealth Partners LLC increased its holdings in shares of Alphabet by 55.9% during the fourth quarter. IAG Wealth Partners LLC now owns 343 shares of the information services provider's stock valued at $48,000 after acquiring an additional 123 shares in the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, Director John L. Hennessy sold 1,500 shares of the business's stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $177.92, for a total value of $266,880.00. Following the transaction, the director now owns 3,727 shares of the company's stock, valued at $663,107.84. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $155.67, for a total transaction of $3,502,575.00. Following the completion of the transaction, the chief executive officer now directly owns 2,325,513 shares of the company's stock, valued at approximately $362,012,608.71. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $177.92, for a total value of $266,880.00. Following the completion of the sale, the director now owns 3,727 shares in the company, valued at $663,107.84. The disclosure for this sale can be found here. Insiders have sold a total of 135,958 shares of company stock valued at $22,383,553 over the last quarter. 11.55% of the stock is currently owned by insiders.
Alphabet Stock Up 0.7 %
Shares of GOOGL stock traded up $1.21 on Thursday, reaching $176.30. 20,148,922 shares of the stock were exchanged, compared to its average volume of 28,791,986. Alphabet Inc. has a twelve month low of $115.35 and a twelve month high of $180.41. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $2.18 trillion, a price-to-earnings ratio of 27.04, a PEG ratio of 1.32 and a beta of 1.01. The business's 50 day moving average price is $169.61 and its 200 day moving average price is $152.06.
Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating analysts' consensus estimates of $1.49 by $0.40. The firm had revenue of $80.54 billion during the quarter, compared to analysts' expectations of $66.04 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. During the same period in the previous year, the company earned $1.17 earnings per share. As a group, sell-side analysts expect that Alphabet Inc. will post 7.6 earnings per share for the current fiscal year.
Alphabet Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 10th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.45%. Alphabet's dividend payout ratio (DPR) is 12.27%.
Wall Street Analyst Weigh In
GOOGL has been the topic of several research reports. JMP Securities reissued a "market outperform" rating and issued a $200.00 target price on shares of Alphabet in a research report on Wednesday, May 15th. Raymond James raised their price target on shares of Alphabet from $160.00 to $200.00 and gave the stock an "outperform" rating in a research report on Friday, April 26th. Loop Capital upped their price objective on shares of Alphabet from $155.00 to $170.00 and gave the company a "hold" rating in a report on Wednesday, May 1st. Jefferies Financial Group raised their target price on shares of Alphabet from $180.00 to $200.00 and gave the stock a "buy" rating in a report on Friday, April 26th. Finally, Robert W. Baird upped their price target on shares of Alphabet from $160.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, April 26th. Five research analysts have rated the stock with a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $193.26.
Check Out Our Latest Report on GOOGL
Alphabet Profile
(
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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