BSW Wealth Partners Has $4.64 Million Stake in Alphabet Inc. (NASDAQ:GOOG)

BSW Wealth Partners raised its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 21.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,727 shares of the information services provider's stock after purchasing an additional 5,249 shares during the quarter. BSW Wealth Partners' holdings in Alphabet were worth $4,644,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. LSV Asset Management acquired a new stake in Alphabet in the fourth quarter worth about $27,000. Principia Wealth Advisory LLC raised its position in shares of Alphabet by 111.8% during the 1st 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. WealthTrak Capital Management LLC bought a new stake in shares of Alphabet during the 4th quarter worth about $38,000. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Alphabet in the 4th quarter worth approximately $39,000. Finally, Noble Wealth Management PBC bought a new position in shares of Alphabet in the fourth quarter valued at approximately $43,000. Institutional investors own 27.26% of the company's stock.

Insider Buying and Selling at Alphabet

In other news, Director Kavitark Ram Shriram sold 10,500 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total value of $1,837,500.00. Following the completion of the sale, the director directly owned 261,966 shares of the company's stock, valued at $45,844,050. This represents a 3.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $170.87, for a total transaction of $5,553,275.00. Following the transaction, the chief executive officer directly owned 2,620,196 shares in the company, valued at $447,712,890.52. The trade was a 1.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 215,643 shares of company stock valued at $35,682,228 in the last 90 days. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Trading Down 0.3%

Alphabet stock traded down $0.48 during midday trading on Tuesday, reaching $176.91. The stock had a trading volume of 24,840,304 shares, compared to its average volume of 21,129,938. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $208.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.77 and a quick ratio of 1.77. The firm has a market cap of $2.15 trillion, a price-to-earnings ratio of 19.72, a PEG ratio of 1.25 and a beta of 1.01. The firm's fifty day simple moving average is $168.37 and its two-hundred day simple moving average is $175.80.

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

Alphabet Increases Dividend

The firm also recently disclosed 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 was Monday, June 9th. This is a positive change from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 0.47%. Alphabet's dividend payout ratio (DPR) is presently 9.36%.

Wall Street Analysts Forecast Growth

GOOG has been the topic of several recent analyst reports. Westpark Capital reissued a "buy" rating and set a $210.00 target price on shares of Alphabet in a report on Friday, April 25th. Cantor Fitzgerald reissued a "neutral" rating and issued a $171.00 price objective on shares of Alphabet in a research note on Friday, April 25th. BNP Paribas lowered Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 26th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $220.00 target price on shares of Alphabet in a report on Monday, June 2nd. Finally, Scotiabank dropped their price target on shares of Alphabet from $232.00 to $200.00 and set a "sector outperform" rating on the stock in a research report on Monday, April 21st. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and six have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Alphabet has a consensus rating of "Moderate Buy" and a consensus target price of $206.38.

About Alphabet

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.