Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Farther Finance Advisors LLC

Farther Finance Advisors LLC increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 23.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 143,514 shares of the information services provider's stock after buying an additional 26,877 shares during the quarter. Alphabet accounts for 0.6% of Farther Finance Advisors LLC's investment portfolio, making the stock its 26th largest holding. Farther Finance Advisors LLC's holdings in Alphabet were worth $22,542,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in GOOGL. Compass Planning Associates Inc purchased a new position in Alphabet in the fourth quarter worth $30,000. PayPay Securities Corp increased its position in shares of Alphabet by 36.1% during the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock valued at $46,000 after purchasing an additional 65 shares during the last quarter. Anderson Financial Strategies LLC bought a new stake in shares of Alphabet during the 4th quarter worth $49,000. Navigoe LLC purchased a new position in shares of Alphabet in the 4th quarter worth about $51,000. Finally, Prudent Man Investment Management Inc. bought a new position in Alphabet during the fourth quarter valued at about $53,000. Hedge funds and other institutional investors own 40.03% of the company's stock.

Analyst Ratings Changes

GOOGL has been the subject of a number of research reports. Stifel Nicolaus reduced their target price on shares of Alphabet from $225.00 to $192.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Rosenblatt Securities reiterated a "neutral" rating and issued a $189.00 price objective on shares of Alphabet in a research note on Wednesday, May 21st. Citigroup raised their target price on Alphabet from $195.00 to $200.00 and gave the stock a "buy" rating in a research report on Friday, April 25th. Piper Sandler boosted their target price on Alphabet from $185.00 to $195.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Finally, Oppenheimer increased their price target on Alphabet from $185.00 to $200.00 and gave the stock an "outperform" rating in a research note on Friday, April 25th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $199.75.

Alphabet Trading Down 0.7%

Shares of NASDAQ:GOOGL traded down $1.31 during trading on Thursday, reaching $176.04. 14,353,050 shares of the company were exchanged, compared to its average volume of 30,329,747. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The firm has a market capitalization of $2.14 trillion, a PE ratio of 21.87, a P/E/G ratio of 1.34 and a beta of 1.01. The business's fifty day simple moving average is $161.71 and its 200-day simple moving average is $174.51. 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 issued 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 business had revenue of $76.49 billion during the quarter, compared to analysts' expectations of $89.30 billion. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. During the same period in the prior year, the business earned $1.89 EPS. On average, research analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.48%. This is an increase from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date is Monday, June 9th. Alphabet's payout ratio is 9.36%.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 673 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total transaction of $104,537.09. Following the transaction, the chief accounting officer now owns 15,303 shares in the company, valued at approximately $2,377,014.99. This represents a 4.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John Kent Walker sold 11,764 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $166.84, for a total value of $1,962,705.76. Following the transaction, the insider now owns 49,037 shares in the company, valued at $8,181,333.08. This represents a 19.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 195,570 shares of company stock valued at $32,003,532 in the last ninety days. Corporate insiders own 11.64% of the company's stock.

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.