Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Bosman Wealth Management LLC

Bosman Wealth Management LLC decreased its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 30.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,699 shares of the information services provider's stock after selling 12,001 shares during the period. Alphabet makes up about 4.3% of Bosman Wealth Management LLC's portfolio, making the stock its 6th biggest holding. Bosman Wealth Management LLC's holdings in Alphabet were worth $4,283,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GOOGL. Perritt Capital Management Inc grew its stake in Alphabet by 10.4% during the fourth quarter. Perritt Capital Management Inc now owns 618 shares of the information services provider's stock worth $117,000 after buying an additional 58 shares during the last quarter. Nia Impact Advisors LLC grew its stake in Alphabet by 0.3% during the fourth quarter. Nia Impact Advisors LLC now owns 17,161 shares of the information services provider's stock worth $3,249,000 after buying an additional 59 shares during the last quarter. Hanlon Investment Management Inc. grew its stake in Alphabet by 1.7% during the fourth quarter. Hanlon Investment Management Inc. now owns 3,553 shares of the information services provider's stock worth $673,000 after buying an additional 60 shares during the last quarter. Enzi Wealth lifted its position in shares of Alphabet by 2.5% during the first quarter. Enzi Wealth now owns 2,561 shares of the information services provider's stock worth $408,000 after purchasing an additional 62 shares in the last quarter. Finally, Whipplewood Advisors LLC lifted its position in shares of Alphabet by 1.2% during the first quarter. Whipplewood Advisors LLC now owns 5,438 shares of the information services provider's stock worth $817,000 after purchasing an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

Wall Street Analyst Weigh In

GOOGL has been the topic of a number of research reports. Citigroup reiterated a "buy" rating and set a $203.00 target price (up from $200.00) on shares of Alphabet in a research report on Tuesday, June 24th. Needham & Company LLC upped their target price on shares of Alphabet from $178.00 to $210.00 and gave the stock a "buy" rating in a research report on Wednesday. Roth Capital reiterated a "buy" rating and set a $205.00 target price (up from $180.00) on shares of Alphabet in a research report on Tuesday, July 8th. Citizens Jmp upgraded shares of Alphabet from a "market perform" rating to an "outperform" rating and set a $220.00 target price on the stock in a research report on Friday, June 27th. Finally, Bank of America upped their target price on shares of Alphabet from $200.00 to $210.00 and gave the stock a "buy" rating in a research report on Friday. Ten investment analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $201.68.

Insider Transactions at Alphabet

In related news, Director John L. Hennessy sold 400 shares of the firm's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $181.98, for a total value of $72,792.00. Following the completion of the transaction, the director owned 6,013 shares of the company's stock, valued at approximately $1,094,245.74. This trade represents a 6.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kavitark Ram Shriram sold 9,000 shares of the firm'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 completion of the transaction, the director directly owned 255,400 shares of the company's stock, valued at approximately $44,695,000. This trade represents a 3.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold 215,843 shares of company stock valued at $37,288,490 over the last quarter. Corporate insiders own 11.64% of the company's stock.

Alphabet Stock Up 0.8%

Shares of GOOGL stock traded up $1.48 during trading hours on Friday, hitting $185.06. 33,864,714 shares of the company were exchanged, compared to its average volume of 32,124,723. The business has a 50 day moving average of $172.26 and a two-hundred day moving average of $173.15. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $207.05. The company has a market capitalization of $2.25 trillion, a PE ratio of 20.63, a PEG ratio of 1.28 and a beta of 1.00.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.79. Alphabet had a net margin of 30.86% and a return on equity of 34.54%. The company had revenue of $76.49 billion during the quarter, compared to the consensus estimate of $89.30 billion. During the same quarter in the prior year, the firm earned $1.89 earnings per share. Analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 9th were given a dividend of $0.21 per share. This is an increase from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date was Monday, June 9th. This represents a $0.84 annualized dividend and a dividend yield of 0.45%. Alphabet's dividend payout ratio is currently 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.