Guided Capital Wealth Management LLC Boosts Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Guided Capital Wealth Management LLC raised its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 20.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,803 shares of the information services provider's stock after buying an additional 1,521 shares during the quarter. Alphabet comprises about 1.1% of Guided Capital Wealth Management LLC's portfolio, making the stock its 24th largest position. Guided Capital Wealth Management LLC's holdings in Alphabet were worth $1,361,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Well Done LLC grew its holdings in shares of Alphabet by 11.2% during the 1st quarter. Well Done LLC now owns 1,952 shares of the information services provider's stock valued at $302,000 after purchasing an additional 196 shares during the last quarter. Sterling Investment Counsel LLC grew its holdings in shares of Alphabet by 58.8% during the 1st quarter. Sterling Investment Counsel LLC now owns 35,014 shares of the information services provider's stock valued at $5,415,000 after purchasing an additional 12,959 shares during the last quarter. Adams Asset Advisors LLC bought a new stake in shares of Alphabet during the 1st quarter valued at approximately $939,000. Hamilton Capital Partners LLC grew its holdings in shares of Alphabet by 58.8% during the 1st quarter. Hamilton Capital Partners LLC now owns 108,607 shares of the information services provider's stock valued at $16,796,000 after purchasing an additional 40,207 shares during the last quarter. Finally, Global X Japan Co. Ltd. grew its holdings in shares of Alphabet by 9.7% during the 1st quarter. Global X Japan Co. Ltd. now owns 171,105 shares of the information services provider's stock valued at $26,460,000 after purchasing an additional 15,165 shares during the last quarter. 40.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GOOGL has been the subject of several analyst reports. Citigroup raised their price target on shares of Alphabet from $195.00 to $200.00 and gave the company a "buy" rating in a research note on Friday, April 25th. KeyCorp boosted their price objective on shares of Alphabet from $185.00 to $195.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Morgan Stanley dropped their price target on shares of Alphabet from $210.00 to $185.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Roth Mkm restated a "buy" rating and issued a $220.00 price target on shares of Alphabet in a research report on Wednesday, March 19th. Finally, JMP Securities restated a "market perform" rating on shares of Alphabet in a research report on Wednesday, May 21st. Ten equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $199.75.

Alphabet Stock Down 3.9%

Shares of GOOGL stock traded down $6.68 on Friday, hitting $166.64. The stock had a trading volume of 75,073,701 shares, compared to its average volume of 30,587,197. The business has a 50 day moving average of $164.77 and a 200 day moving average of $174.73. The stock has a market cap of $2.02 trillion, a price-to-earnings ratio of 18.58, a price-to-earnings-growth ratio of 1.06 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.77 and a quick ratio of 1.77. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $207.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its 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 company had revenue of $76.49 billion during the quarter, compared to the consensus estimate 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 company posted $1.89 earnings per share. As a group, analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Increases Dividend

The company 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 was Monday, June 9th. This represents a $0.84 annualized dividend and a dividend yield of 0.50%. This is an increase from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio is currently 9.36%.

Insider Buying and Selling

In related news, Director Kavitark Ram Shriram sold 10,500 shares of the firm's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total transaction of $1,837,500.00. Following the completion of the sale, the director now owns 261,966 shares in the company, valued at approximately $45,844,050. This trade represents a 3.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the sale, the chief executive officer now owns 2,717,696 shares of the company's stock, valued at $430,917,877.76. This trade represents a 1.18% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 228,070 shares of company stock worth $37,745,632. Insiders own 11.55% of the company's stock.

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.