Guided Capital Wealth Management LLC Increases Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Guided Capital Wealth Management LLC grew its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 20.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,803 shares of the information services provider's stock after purchasing an additional 1,521 shares during the period. Alphabet makes up approximately 1.1% of Guided Capital Wealth Management LLC's investment portfolio, making the stock its 24th largest holding. 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 institutional investors have also recently bought and sold shares of GOOGL. Compass Planning Associates Inc acquired a new position in Alphabet during the fourth quarter worth approximately $30,000. PayPay Securities Corp raised its position in shares of Alphabet by 36.1% in the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock valued at $46,000 after buying an additional 65 shares in the last quarter. Anderson Financial Strategies LLC bought a new stake in shares of Alphabet during the 4th quarter valued at $49,000. Navigoe LLC bought a new stake in Alphabet during the fourth quarter worth about $51,000. Finally, Prudent Man Investment Management Inc. bought a new stake in shares of Alphabet during the 4th quarter worth approximately $53,000. Institutional investors own 40.03% of the company's stock.

Insiders Place Their Bets

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $176.68, for a total transaction of $5,742,100.00. Following the completion of the sale, the chief executive officer now owns 2,555,196 shares in the company, valued at approximately $451,452,029.28. The trade was a 1.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kavitark Ram Shriram sold 10,500 shares of the business's stock in a transaction that occurred 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 sale, the director now directly owns 261,966 shares of the company's stock, valued at $45,844,050. This represents a 3.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 228,070 shares of company stock worth $37,745,632. Corporate insiders own 11.64% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GOOGL. Royal Bank Of Canada reiterated an "outperform" rating and set a $200.00 price objective on shares of Alphabet in a research report on Wednesday, April 23rd. Mizuho reduced their price objective on shares of Alphabet from $230.00 to $205.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Wedbush set a $190.00 price target on shares of Alphabet and gave the stock an "outperform" rating in a report on Tuesday, April 15th. Bank of America increased their target price on shares of Alphabet from $185.00 to $200.00 and gave the stock a "buy" rating in a research note on Friday, April 25th. Finally, Sanford C. Bernstein lifted their price target on Alphabet from $165.00 to $185.00 and gave the stock a "market perform" rating in a research note on Friday, April 25th. Ten research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $200.17.

Alphabet Stock Up 2.3%

GOOGL traded up $3.91 during trading on Wednesday, reaching $170.68. 35,420,806 shares of the stock were exchanged, compared to its average volume of 30,833,475. The stock's 50 day moving average price is $165.10 and its two-hundred day moving average price is $174.61. The stock has a market cap of $2.07 trillion, a P/E ratio of 18.59, 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 quick ratio of 1.77 and a current ratio of 1.77. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $207.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.79. The firm had revenue of $76.49 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%. During the same period in the prior year, the company earned $1.89 earnings per share. Equities analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 9th were given a dividend of $0.21 per share. The ex-dividend date was Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a yield of 0.49%. This is a boost from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio is 9.36%.

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.