B.O.S.S. Retirement Advisors LLC Purchases 1,200 Shares of Alphabet Inc. $GOOGL

Key Points

• B.O.S.S. Retirement Advisors LLC has increased its **holdings in Alphabet Inc.** by **13.9%**, acquiring an additional **1,200 shares** during the second quarter, bringing their total to **9,839 shares** valued at approximately **$1.73 million**.
• Alphabet recently declared a **quarterly dividend** of **$0.21 per share**, representing an annualized total of **$0.84** and a **yield of 0.3%**.
• Wall Street analysts have raised their price targets for Alphabet, with **Wedbush** and **Barclays** increasing their targets to **$245.00** and **$250.00**, respectively, contributing to a consensus price target of **$242.98**.

B.O.S.S. Retirement Advisors LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 13.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,839 shares of the information services provider's stock after buying an additional 1,200 shares during the period. B.O.S.S. Retirement Advisors LLC's holdings in Alphabet were worth $1,734,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of GOOGL. Guardian Wealth Management Inc. raised its stake in Alphabet by 242.9% during the first quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider's stock worth $26,000 after buying an additional 119 shares during the last quarter. von Borstel & Associates Inc. bought a new position in Alphabet during the first quarter worth $28,000. IMA Advisory Services Inc. bought a new position in Alphabet during the first quarter worth $28,000. NBZ Investment Advisors LLC increased its stake in Alphabet by 85.7% in the first quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider's stock valued at $30,000 after purchasing an additional 90 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. bought a new stake in Alphabet in the first quarter valued at $39,000. Institutional investors own 40.03% of the company's stock.

Alphabet Trading Down 0.5%

NASDAQ:GOOGL opened at $244.62 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a 50-day moving average of $224.37 and a 200-day moving average of $187.53. The company has a market cap of $2.96 trillion, a PE ratio of 26.05, a PEG ratio of 1.66 and a beta of 1.00. Alphabet Inc. has a one year low of $140.53 and a one year high of $256.00.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, topping the consensus estimate of $2.15 by $0.16. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The company had revenue of $96.43 billion during the quarter, compared to the consensus estimate of $93.60 billion. As a group, equities research analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 8th were issued a dividend of $0.21 per share. The ex-dividend date was Monday, September 8th. This represents a $0.84 annualized dividend and a yield of 0.3%. Alphabet's payout ratio is 8.95%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Wedbush lifted their price target on shares of Alphabet from $225.00 to $245.00 and gave the company an "outperform" rating in a research note on Wednesday, September 3rd. Barclays lifted their price target on shares of Alphabet from $235.00 to $250.00 and gave the company an "overweight" rating in a research note on Wednesday, September 3rd. DA Davidson lifted their price target on shares of Alphabet from $180.00 to $190.00 and gave the company a "neutral" rating in a research note on Tuesday, September 2nd. BNP Paribas Exane reaffirmed a "neutral" rating and issued a $172.00 price target on shares of Alphabet in a research note on Friday, June 27th. Finally, Rosenblatt Securities lifted their price target on shares of Alphabet from $191.00 to $224.00 and gave the company a "neutral" rating in a research note on Wednesday, September 3rd. Five equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of "Moderate Buy" and a consensus price target of $242.98.

Insider Buying and Selling

In related news, Director Kavitark Ram Shriram sold 18,566 shares of the business's stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $185.76, for a total transaction of $3,448,820.16. Following the transaction, the director directly owned 243,400 shares in the company, valued at approximately $45,213,984. The trade was a 7.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $184.38, for a total transaction of $5,992,350.00. Following the transaction, the chief executive officer owned 2,527,392 shares in the company, valued at approximately $466,000,536.96. This trade represents a 1.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 276,738 shares of company stock worth $59,135,475. 11.64% of the stock is owned by insiders.

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.

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