Alphabet Inc. (NASDAQ:GOOG) is ARS Wealth Advisors Group LLC's 10th Largest Position

ARS Wealth Advisors Group LLC trimmed its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 1.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,676 shares of the information services provider's stock after selling 1,535 shares during the period. Alphabet makes up 2.8% of ARS Wealth Advisors Group LLC's investment portfolio, making the stock its 10th biggest holding. ARS Wealth Advisors Group LLC's holdings in Alphabet were worth $19,947,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. RDA Financial Network grew its position in shares of Alphabet by 8.2% during the 1st quarter. RDA Financial Network now owns 10,540 shares of the information services provider's stock valued at $1,647,000 after purchasing an additional 798 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its position in shares of Alphabet by 2.7% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 30,337 shares of the information services provider's stock valued at $4,740,000 after purchasing an additional 792 shares in the last quarter. Revolve Wealth Partners LLC grew its position in shares of Alphabet by 1.7% during the 1st quarter. Revolve Wealth Partners LLC now owns 10,753 shares of the information services provider's stock valued at $1,680,000 after purchasing an additional 175 shares in the last quarter. Whitaker Myers Wealth Managers LTD. grew its position in shares of Alphabet by 28.9% during the 1st quarter. Whitaker Myers Wealth Managers LTD. now owns 4,847 shares of the information services provider's stock valued at $757,000 after purchasing an additional 1,087 shares in the last quarter. Finally, Wedmont Private Capital grew its position in shares of Alphabet by 7.2% during the 1st quarter. Wedmont Private Capital now owns 95,213 shares of the information services provider's stock valued at $15,177,000 after purchasing an additional 6,372 shares in the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Amie Thuener O'toole sold 673 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total transaction of $104,537.09. Following the completion of the transaction, the chief accounting officer now directly owns 15,303 shares of the company's stock, valued at approximately $2,377,014.99. This represents a 4.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 200 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $165.53, for a total transaction of $33,106.00. Following the transaction, the director now directly owns 7,813 shares of the company's stock, valued at approximately $1,293,285.89. This trade represents a 2.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 195,770 shares of company stock valued at $32,036,638. Insiders own 12.99% of the company's stock.

Alphabet Stock Performance

NASDAQ GOOG opened at $174.92 on Friday. The company has a 50-day simple moving average of $161.88 and a two-hundred day simple moving average of $176.05. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $208.70. The firm has a market cap of $2.12 trillion, a price-to-earnings ratio of 21.73, a PEG ratio of 1.34 and a beta of 1.01.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, beating 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 business had revenue of $90.23 billion during the quarter, compared to analyst estimates of $89.30 billion. During the same period in the prior year, the business posted $1.89 earnings per share. The company's revenue was up 12.0% on a year-over-year basis. On average, equities analysts forecast that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.48%. This is an increase from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date is Monday, June 9th. Alphabet's dividend payout ratio is 9.36%.

Analyst Ratings Changes

A number of research analysts have recently commented on GOOG shares. Oppenheimer boosted their price target on shares of Alphabet from $185.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, April 25th. Susquehanna restated a "positive" rating on shares of Alphabet in a research report on Friday, May 2nd. Tigress Financial restated a "strong-buy" rating on shares of Alphabet in a research report on Friday, May 2nd. KeyCorp dropped their price objective on shares of Alphabet from $202.00 to $185.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Finally, Needham & Company LLC downgraded shares of Alphabet from a "buy" rating to a "cautious" rating in a report on Friday, May 2nd. Three analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and five have issued a strong buy rating to the company. Based on data from MarketBeat, Alphabet has a consensus rating of "Moderate Buy" and a consensus target price of $204.88.

Alphabet 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.

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