Alphabet Inc. (NASDAQ:GOOG) Shares Bought by Elyxium Wealth LLC

Elyxium Wealth LLC lifted its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 110.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,389 shares of the information services provider's stock after acquiring an additional 7,551 shares during the quarter. Alphabet accounts for approximately 1.0% of Elyxium Wealth LLC's holdings, making the stock its 26th largest position. Elyxium Wealth LLC's holdings in Alphabet were worth $2,248,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Principia Wealth Advisory LLC raised its stake in Alphabet by 111.8% during the 1st quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock valued at $26,000 after acquiring an additional 85 shares in the last quarter. MorganRosel Wealth Management LLC bought a new stake in Alphabet during the 1st quarter valued at $26,000. LSV Asset Management bought a new stake in Alphabet during the 4th quarter valued at $27,000. Goodman Advisory Group LLC bought a new stake in Alphabet during the 1st quarter valued at $32,000. Finally, WealthTrak Capital Management LLC bought a new stake in Alphabet during the 4th quarter valued at $38,000. Institutional investors own 27.26% of the company's stock.

Insider Transactions at Alphabet

In other Alphabet news, Director Kavitark Ram Shriram sold 10,500 shares of the stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total value of $1,837,500.00. Following the transaction, the director directly owned 261,966 shares in the company, valued at approximately $45,844,050. This trade represents a 3.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $184.38, for a total value of $5,992,350.00. Following the completion of the transaction, the chief executive officer owned 2,527,392 shares in the company, valued at $466,000,536.96. The trade was a 1.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 215,843 shares of company stock valued at $37,288,490. Corporate insiders own 12.99% of the company's stock.

Alphabet Price Performance

NASDAQ GOOG opened at $185.94 on Friday. 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 quick ratio of 1.77 and a current ratio of 1.77. The stock has a market capitalization of $2.26 trillion, a PE ratio of 20.73, a P/E/G ratio of 1.29 and a beta of 1.01. The stock has a 50-day simple moving average of $174.02 and a 200 day simple moving average of $174.61.

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

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 9th were issued a $0.21 dividend. The ex-dividend date of this dividend was Monday, June 9th. This is a boost from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.45%. Alphabet's dividend payout ratio is presently 9.36%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Tigress Financial reaffirmed a "strong-buy" rating on shares of Alphabet in a research report on Friday, May 2nd. Citizens Jmp raised Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Thursday, June 26th. Needham & Company LLC lowered Alphabet from a "buy" rating to a "cautious" rating in a research report on Friday, May 2nd. BNP Paribas lowered Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 26th. Finally, Susquehanna reaffirmed a "positive" rating on shares of Alphabet in a research report on Friday, May 2nd. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and five have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $208.40.

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.

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