Alphabet Inc. (NASDAQ:GOOG) Shares Purchased by Long Run Wealth Advisors LLC

Long Run Wealth Advisors LLC increased its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 19.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,807 shares of the information services provider's stock after acquiring an additional 3,847 shares during the period. Long Run Wealth Advisors LLC's holdings in Alphabet were worth $3,719,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in GOOG. LSV Asset Management bought a new position in shares of Alphabet during the 4th quarter valued at approximately $27,000. WealthTrak Capital Management LLC bought a new stake in Alphabet during the 4th quarter worth approximately $38,000. Mountain Hill Investment Partners Corp. bought a new stake in Alphabet during the fourth quarter valued at $39,000. Noble Wealth Management PBC purchased a new position in shares of Alphabet during the fourth quarter worth about $43,000. Finally, Sellwood Investment Partners LLC bought a new position in shares of Alphabet in the 4th quarter worth $43,000. Institutional investors own 27.26% of the company's stock.

Alphabet Trading Up 0.2%

GOOG traded up $0.42 on Thursday, hitting $169.81. The company had a trading volume of 24,841,790 shares, compared to its average volume of 20,314,125. The company has a market cap of $2.06 trillion, a PE ratio of 21.09, a PEG ratio of 1.34 and a beta of 1.01. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The business's fifty day simple moving average is $161.29 and its 200 day simple moving average is $176.14. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $208.70.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, topping analysts' consensus estimates of $2.02 by $0.79. The company had revenue of $90.23 billion for the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The firm's revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.89 EPS. Equities research analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Monday, June 9th. This is a boost from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio (DPR) is 9.36%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Citigroup reaffirmed a "sell" rating on shares of Alphabet in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. increased their target price on shares of Alphabet from $180.00 to $195.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Cantor Fitzgerald reissued a "neutral" rating and issued a $171.00 price target on shares of Alphabet in a research note on Friday, April 25th. Oppenheimer raised their price objective on Alphabet from $185.00 to $200.00 and gave the company an "outperform" rating in a research note on Friday, April 25th. Finally, Benchmark reissued a "negative" rating on shares of Alphabet in a research note on Wednesday, February 5th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and five have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $204.88.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director John L. Hennessy sold 200 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $165.53, for a total value of $33,106.00. Following the completion of the transaction, the director now directly owns 7,813 shares in the company, valued at approximately $1,293,285.89. The trade was a 2.50% decrease in their ownership of the stock. 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 firm's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $166.84, for a total transaction of $1,962,705.76. Following the completion of the sale, the insider now owns 49,037 shares in the company, valued at $8,181,333.08. This represents a 19.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 195,770 shares of company stock valued at $32,036,638. 12.99% of the stock is currently owned by corporate 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.