Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Accurate Wealth Management LLC

Accurate Wealth Management LLC raised its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 8.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,109 shares of the information services provider's stock after acquiring an additional 1,840 shares during the quarter. Alphabet accounts for about 0.7% of Accurate Wealth Management LLC's holdings, making the stock its 25th biggest position. Accurate Wealth Management LLC's holdings in Alphabet were worth $3,785,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Compass Planning Associates Inc purchased a new position in shares of Alphabet in the fourth quarter valued at $30,000. PayPay Securities Corp grew its stake in Alphabet by 36.1% in the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock valued at $46,000 after acquiring an additional 65 shares during the last quarter. Anderson Financial Strategies LLC purchased a new position in Alphabet during the 4th quarter valued at about $49,000. Navigoe LLC acquired a new position in Alphabet during the fourth quarter worth about $51,000. Finally, Prudent Man Investment Management Inc. purchased a new stake in shares of Alphabet in the fourth quarter valued at about $53,000. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet Trading Down 0.7%

Shares of NASDAQ:GOOGL traded down $1.25 during trading on Wednesday, reaching $177.35. 31,595,442 shares of the stock were exchanged, compared to its average volume of 30,356,375. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $207.05. The firm's 50-day moving average price is $161.08 and its 200 day moving average price is $174.49. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a market cap of $2.15 trillion, a price-to-earnings ratio of 22.03, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.79. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The company had revenue of $76.49 billion during the quarter, compared to the consensus estimate of $89.30 billion. During the same period in the previous year, the firm earned $1.89 earnings per share. On average, sell-side analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be issued a $0.21 dividend. This is an increase from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 0.47%. The ex-dividend date is Monday, June 9th. Alphabet's dividend payout ratio is currently 9.36%.

Analyst Upgrades and Downgrades

GOOGL has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced their target price on Alphabet from $220.00 to $180.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Mizuho reduced their price objective on Alphabet from $230.00 to $205.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Oppenheimer lifted their price objective on Alphabet from $185.00 to $200.00 and gave the stock an "outperform" rating in a research report on Friday, April 25th. Sanford C. Bernstein boosted their target price on shares of Alphabet from $165.00 to $185.00 and gave the company a "market perform" rating in a research note on Friday, April 25th. Finally, Truist Financial decreased their price target on shares of Alphabet from $220.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Ten research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $199.75.

Insider Buying and Selling at Alphabet

In other Alphabet news, insider John Kent Walker sold 11,764 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $166.84, for a total value of $1,962,705.76. Following the completion of the sale, the insider now owns 49,037 shares of the company's stock, valued at $8,181,333.08. This trade represents a 19.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O'toole sold 673 shares of the business's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total transaction of $104,537.09. Following the transaction, the chief accounting officer now directly owns 15,303 shares in the company, valued at approximately $2,377,014.99. The trade was a 4.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 195,770 shares of company stock valued at $32,036,638 over the last three months. 11.64% 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.