Barlow Wealth Partners Inc. Buys 2,904 Shares of Alphabet Inc. (NASDAQ:GOOG)

Barlow Wealth Partners Inc. boosted its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 1.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 261,706 shares of the information services provider's stock after acquiring an additional 2,904 shares during the quarter. Alphabet accounts for 5.6% of Barlow Wealth Partners Inc.'s holdings, making the stock its largest holding. Barlow Wealth Partners Inc.'s holdings in Alphabet were worth $42,881,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the company. Principia Wealth Advisory LLC increased its holdings in shares of Alphabet by 111.8% during the first quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock worth $26,000 after buying an additional 85 shares in the last quarter. MorganRosel Wealth Management LLC acquired a new position in shares of Alphabet during the first quarter worth $26,000. LSV Asset Management acquired a new position in shares of Alphabet during the fourth quarter worth $27,000. Goodman Advisory Group LLC acquired a new position in shares of Alphabet during the first quarter worth $32,000. Finally, WealthTrak Capital Management LLC acquired a new position in shares of Alphabet during the fourth quarter worth $38,000. 27.26% of the stock is owned by institutional investors.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Kavitark Ram Shriram sold 9,000 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total transaction of $1,575,000.00. Following the sale, the director owned 255,400 shares of the company's stock, valued at approximately $44,695,000. This represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 600 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total transaction of $105,000.00. Following the sale, the director directly owned 6,813 shares in the company, valued at $1,192,275. This trade represents a 8.09% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 215,643 shares of company stock valued at $36,330,928. 12.99% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on GOOG shares. The Goldman Sachs Group reiterated a "buy" rating and set a $220.00 price target on shares of Alphabet in a report on Monday, June 2nd. Citigroup reiterated a "sell" rating on shares of Alphabet in a report on Wednesday, April 23rd. Scotiabank lowered their price target on shares of Alphabet from $232.00 to $200.00 and set a "sector outperform" rating for the company in a report on Monday, April 21st. Needham & Company LLC downgraded shares of Alphabet from a "buy" rating to a "cautious" rating in a report on Friday, May 2nd. Finally, Cantor Fitzgerald reiterated a "neutral" rating and set a $171.00 price target on shares of Alphabet in a report on Friday, April 25th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and six have issued a strong buy rating to the stock. According to MarketBeat.com, Alphabet presently has an average rating of "Moderate Buy" and an average price target of $206.38.

Alphabet Trading Up 0.3%

GOOG traded up $0.46 during trading on Friday, reaching $180.22. 13,287,389 shares of the stock traded hands, compared to its average volume of 21,210,158. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $2.19 trillion, a PE ratio of 20.09, a P/E/G ratio of 1.27 and a beta of 1.01. The stock's 50-day moving average is $169.97 and its 200 day moving average is $175.49. Alphabet Inc. has a 12 month low of $142.66 and a 12 month high of $208.70.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating analysts' consensus estimates of $2.02 by $0.79. The business had revenue of $90.23 billion for the quarter, compared to analysts' expectations of $89.30 billion. Alphabet had a net margin of 30.86% and a return on equity of 34.54%. The business's quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.89 earnings per share. Equities analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 9th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a yield of 0.47%. This is a boost from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio is 9.36%.

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.