Detalus Advisors LLC Buys 1,729 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Detalus Advisors LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 16.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,541 shares of the information services provider's stock after purchasing an additional 1,729 shares during the period. Detalus Advisors LLC's holdings in Alphabet were worth $1,939,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Anderson Financial Strategies LLC acquired a new position in shares of Alphabet in the 4th quarter valued at $49,000. Navigoe LLC acquired a new position in shares of Alphabet in the 4th quarter valued at $51,000. Prudent Man Investment Management Inc. acquired a new position in shares of Alphabet in the 4th quarter valued at $53,000. Campbell Capital Management Inc. acquired a new position in shares of Alphabet in the 4th quarter valued at $57,000. Finally, EQ Wealth Advisors LLC acquired a new position in shares of Alphabet in the 1st quarter valued at $49,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction 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 owned 2,620,196 shares in the company, valued at $447,712,890.52. This represents a 1.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 600 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 transaction of $105,000.00. Following the transaction, the director owned 6,813 shares in the company, valued at approximately $1,192,275. This trade represents a 8.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 215,643 shares of company stock worth $36,330,928 in the last 90 days. 11.64% of the stock is owned by insiders.

Alphabet Trading Up 1.3%

Shares of NASDAQ:GOOGL traded up $2.26 during mid-day trading on Wednesday, hitting $176.62. The stock had a trading volume of 42,988,099 shares, compared to its average volume of 31,724,461. 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 company has a market cap of $2.14 trillion, a PE ratio of 19.69, a P/E/G ratio of 1.25 and a beta of 1.00. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $207.05. The company's 50 day moving average is $169.31 and its 200-day moving average is $173.67.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.79. The firm had revenue of $76.49 billion for the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a net margin of 30.86% and a return on equity of 34.54%. During the same quarter in the prior year, the business earned $1.89 EPS. On average, sell-side analysts predict that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 9th were paid a dividend of $0.21 per share. This is a positive change from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, June 9th. This represents a $0.84 annualized dividend and a dividend yield of 0.48%. Alphabet's dividend payout ratio is 9.36%.

Analyst Ratings Changes

GOOGL has been the topic of several recent research reports. Jefferies Financial Group reduced their target price on shares of Alphabet from $235.00 to $200.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $171.00 price target on shares of Alphabet in a research note on Wednesday, June 25th. Piper Sandler boosted their target price on shares of Alphabet from $185.00 to $195.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Stifel Nicolaus lowered their price objective on shares of Alphabet from $225.00 to $192.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Alphabet from $220.00 to $180.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $200.13.

Alphabet Company 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.