Signal Advisors Wealth LLC Has $896,000 Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Signal Advisors Wealth LLC lowered its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 23.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,734 shares of the information services provider's stock after selling 1,737 shares during the period. Signal Advisors Wealth LLC's holdings in Alphabet were worth $896,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Cassaday & Co Wealth Management LLC grew its position in shares of Alphabet by 9.3% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 28,044 shares of the information services provider's stock worth $5,341,000 after acquiring an additional 2,390 shares in the last quarter. LaFleur & Godfrey LLC grew its position in shares of Alphabet by 1.2% in the 4th quarter. LaFleur & Godfrey LLC now owns 31,967 shares of the information services provider's stock worth $6,088,000 after acquiring an additional 380 shares in the last quarter. Brighton Jones LLC grew its position in shares of Alphabet by 5.6% in the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider's stock worth $22,901,000 after acquiring an additional 6,410 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of Alphabet in the 4th quarter worth approximately $204,262,000. Finally, Ascent Wealth Partners LLC grew its position in shares of Alphabet by 246.2% in the 4th quarter. Ascent Wealth Partners LLC now owns 5,698 shares of the information services provider's stock worth $1,085,000 after acquiring an additional 4,052 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on GOOG. The Goldman Sachs Group reiterated a "buy" rating and issued a $220.00 target price on shares of Alphabet in a research report on Monday, June 2nd. Citigroup reiterated a "sell" rating on shares of Alphabet in a research report on Wednesday, April 23rd. Westpark Capital reiterated a "buy" rating and issued a $210.00 target price on shares of Alphabet in a research report on Friday, April 25th. Needham & Company LLC lowered Alphabet from a "buy" rating to a "cautious" rating in a research report on Friday, May 2nd. Finally, Rosenblatt Securities raised Alphabet from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. Three analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and five have assigned a strong buy rating to the stock. According to MarketBeat, Alphabet has an average rating of "Moderate Buy" and an average target price of $204.88.

Alphabet Stock Performance

Alphabet stock traded up $5.11 during mid-day trading on Friday, hitting $174.92. 22,239,619 shares of the company's stock traded hands, compared to its average volume of 20,389,186. Alphabet Inc. has a one year low of $142.66 and a one year high of $208.70. The company has a market cap of $2.12 trillion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. The firm has a 50 day moving average price of $161.88 and a 200 day moving average price 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 (NASDAQ:GOOG - Get Free Report) last issued 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 return on equity of 32.49% and a net margin of 28.60%. The company had revenue of $90.23 billion for the quarter, compared to analysts' expectations of $89.30 billion. During the same period last year, the firm earned $1.89 EPS. The firm's revenue for the quarter 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 declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be given a dividend of $0.21 per share. The ex-dividend date is Monday, June 9th. This is a boost from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 0.48%. Alphabet's dividend payout ratio (DPR) is 9.36%.

Insider Activity

In other news, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction on Thursday, March 13th. The stock was 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 in the company, valued at approximately $1,293,285.89. This trade represents a 2.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 value of $104,537.09. Following the sale, the chief accounting officer now directly owns 15,303 shares in the company, valued at $2,377,014.99. This trade represents a 4.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 195,770 shares of company stock worth $32,036,638. 12.99% of the stock is owned by company insiders.

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.