Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Guerra Advisors Inc

Guerra Advisors Inc lifted its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 25.4% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 13,881 shares of the information services provider's stock after purchasing an additional 2,813 shares during the quarter. Alphabet comprises approximately 1.2% of Guerra Advisors Inc's holdings, making the stock its 27th largest holding. Guerra Advisors Inc's holdings in Alphabet were worth $2,147,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of GOOGL. Anderson Financial Strategies LLC acquired a new position in Alphabet during the 4th quarter worth approximately $49,000. EQ Wealth Advisors LLC acquired a new position in shares of Alphabet in the 1st quarter valued at approximately $49,000. Navigoe LLC acquired a new position in shares of Alphabet in the 4th quarter valued at approximately $51,000. Prudent Man Investment Management Inc. acquired a new position in shares of Alphabet in the 4th quarter valued at approximately $53,000. Finally, Campbell Capital Management Inc. acquired a new position in shares of Alphabet in the 4th quarter valued at approximately $57,000. Hedge funds and other institutional investors own 40.03% of the company's stock.

Alphabet Price Performance

Shares of Alphabet stock traded down $3.14 on Tuesday, hitting $173.65. 26,289,287 shares of the company were exchanged, compared to its average volume of 31,583,249. The stock has a market capitalization of $2.11 trillion, a price-to-earnings ratio of 19.36, a price-to-earnings-growth ratio of 1.26 and a beta of 1.00. The company has a 50-day moving average price of $169.03 and a 200 day moving average price of $173.67. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $207.05. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.03.

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, beating analysts' consensus estimates of $2.02 by $0.79. The company had revenue of $76.49 billion for the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a return on equity of 34.54% and a net margin of 30.86%. During the same quarter in the previous year, the company earned $1.89 earnings per share. As a group, sell-side analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 9th were given a $0.21 dividend. This is a positive change from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date was Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a yield of 0.48%. Alphabet's payout ratio is presently 9.36%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on GOOGL shares. Citigroup reaffirmed a "buy" rating and issued a $203.00 target price (up from $200.00) on shares of Alphabet in a research report on Tuesday, June 24th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $200.00 target price on shares of Alphabet in a research report on Wednesday, April 23rd. Roth Capital reiterated a "buy" rating and issued a $205.00 price target (up from $180.00) on shares of Alphabet in a report on Tuesday. Truist Financial reiterated a "buy" rating and issued a $200.00 price target on shares of Alphabet in a report on Wednesday, July 2nd. Finally, Susquehanna lowered their price target on Alphabet from $225.00 to $220.00 and set a "positive" rating for the company in a report on Friday, April 25th. Ten analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $200.13.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director John L. Hennessy sold 600 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 $105,000.00. Following the sale, the director owned 6,813 shares of the company's stock, valued at $1,192,275. The trade was a 8.09% decrease in their ownership of the stock. 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 the business's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $178.52, for a total value of $5,801,900.00. Following the completion of the sale, the chief executive officer directly owned 2,559,892 shares in the company, valued at approximately $456,991,919.84. The trade was a 1.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 215,643 shares of company stock valued at $36,330,928 over the last quarter. 11.55% of the stock is owned by company 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.