Alphabet Inc. (NASDAQ:GOOGL) Stock Holdings Trimmed by Alliance Wealth Advisors LLC

Alliance Wealth Advisors LLC reduced its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 9.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,248 shares of the information services provider's stock after selling 1,485 shares during the quarter. Alphabet makes up about 1.2% of Alliance Wealth Advisors LLC's investment portfolio, making the stock its 14th biggest holding. Alliance Wealth Advisors LLC's holdings in Alphabet were worth $2,203,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Macroview Investment Management LLC boosted its holdings in shares of Alphabet by 4.2% during the 4th quarter. Macroview Investment Management LLC now owns 1,293 shares of the information services provider's stock valued at $245,000 after acquiring an additional 52 shares during the last quarter. Cornerstone Planning Group LLC boosted its holdings in shares of Alphabet by 2.3% during the 4th quarter. Cornerstone Planning Group LLC now owns 2,381 shares of the information services provider's stock valued at $457,000 after acquiring an additional 53 shares during the last quarter. Addison Advisors LLC boosted its holdings in shares of Alphabet by 0.7% in the fourth quarter. Addison Advisors LLC now owns 7,527 shares of the information services provider's stock worth $1,425,000 after buying an additional 53 shares during the last quarter. Burt Wealth Advisors boosted its holdings in shares of Alphabet by 1.0% in the fourth quarter. Burt Wealth Advisors now owns 5,307 shares of the information services provider's stock worth $1,005,000 after buying an additional 54 shares during the last quarter. Finally, Perritt Capital Management Inc boosted its holdings in shares of Alphabet by 10.4% in 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. 40.03% of the stock is owned by institutional investors.

Alphabet Stock Up 3.3%

Shares of NASDAQ GOOGL opened at $173.68 on Friday. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $207.05. The firm's 50 day moving average price is $160.14 and its 200 day moving average price is $174.35. The firm has a market cap of $2.11 trillion, a P/E ratio of 21.58, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.02 by $0.79. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The firm had revenue of $76.49 billion for the quarter, compared to analyst estimates of $89.30 billion. During the same quarter last year, the business earned $1.89 earnings per share. As a group, sell-side analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors 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 represents a $0.84 dividend on an annualized basis and a yield of 0.48%. This is a positive change from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio (DPR) is 9.36%.

Analyst Upgrades and Downgrades

GOOGL has been the topic of a number of research reports. Cantor Fitzgerald dropped their price objective on shares of Alphabet from $200.00 to $159.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Bank of America boosted their price objective on Alphabet from $185.00 to $200.00 and gave the company a "buy" rating in a research report on Friday, April 25th. Citigroup boosted their price objective on Alphabet from $195.00 to $200.00 and gave the company a "buy" rating in a research report on Friday, April 25th. Piper Sandler boosted their price objective on Alphabet from $185.00 to $195.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Finally, Mizuho lowered their price objective on Alphabet from $230.00 to $205.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Ten research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Alphabet currently has an average rating of "Moderate Buy" and an average price target of $199.75.

Insider Buying and Selling

In other Alphabet news, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total value of $33,106.00. Following the transaction, the director now owns 7,813 shares in the company, valued at $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 is available through this link. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $168.71, for a total transaction of $5,483,075.00. Following the transaction, the chief executive officer now owns 2,587,696 shares in the company, valued at $436,570,192.16. The trade was a 1.24% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 195,770 shares of company stock worth $32,036,638. 11.64% of the stock is owned by 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.

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