Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Prevail Innovative Wealth Advisors LLC

Prevail Innovative Wealth Advisors LLC boosted its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 101.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,151 shares of the information services provider's stock after acquiring an additional 2,589 shares during the period. Prevail Innovative Wealth Advisors LLC's holdings in Alphabet were worth $797,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Perritt Capital Management Inc lifted 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 valued at $117,000 after purchasing an additional 58 shares in the last quarter. Nia Impact Advisors LLC boosted its stake in shares of Alphabet by 0.3% during the 4th quarter. Nia Impact Advisors LLC now owns 17,161 shares of the information services provider's stock worth $3,249,000 after purchasing an additional 59 shares during the last quarter. Hanlon Investment Management Inc. boosted its stake in shares of Alphabet by 1.7% during the 4th quarter. Hanlon Investment Management Inc. now owns 3,553 shares of the information services provider's stock worth $673,000 after purchasing an additional 60 shares during the last quarter. Enzi Wealth increased its position in Alphabet by 2.5% during the first quarter. Enzi Wealth now owns 2,561 shares of the information services provider's stock worth $408,000 after purchasing an additional 62 shares during the last quarter. Finally, Whipplewood Advisors LLC increased its position in Alphabet by 1.2% during the first quarter. Whipplewood Advisors LLC now owns 5,438 shares of the information services provider's stock worth $817,000 after purchasing an additional 67 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

GOOGL has been the subject of a number of research analyst reports. Susquehanna increased their target price on shares of Alphabet from $220.00 to $225.00 and gave the stock a "positive" rating in a research report on Thursday. Barclays upped their target price on Alphabet from $220.00 to $235.00 and gave the company an "overweight" rating in a research report on Thursday. Jefferies Financial Group cut their target price on Alphabet from $235.00 to $200.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. DA Davidson upped their target price on Alphabet from $160.00 to $180.00 and gave the company a "neutral" rating in a research report on Thursday. Finally, Citizens Jmp raised Alphabet from a "market perform" rating to an "outperform" rating and set a $220.00 target price on the stock in a research report on Friday, June 27th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $211.32.

Alphabet Trading Up 0.5%

NASDAQ GOOGL traded up $1.01 during trading on Friday, hitting $193.18. The stock had a trading volume of 39,738,342 shares, compared to its average volume of 41,427,228. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.77 and a current ratio of 1.90. The stock has a market capitalization of $2.34 trillion, a price-to-earnings ratio of 20.57, a P/E/G ratio of 1.33 and a beta of 1.00. Alphabet Inc. has a one year low of $140.53 and a one year high of $207.05. The stock has a 50 day simple moving average of $175.77 and a 200 day simple moving average of $173.08.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly 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 firm had revenue of $76.49 billion during the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%. During the same quarter in the previous year, the business earned $1.89 earnings per share. Sell-side analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 8th will be paid a dividend of $0.21 per share. The ex-dividend date is Monday, September 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.43%. Alphabet's dividend payout ratio is presently 8.95%.

Insider Buying and Selling

In other news, Director Kavitark Ram Shriram sold 18,566 shares of the stock in a transaction that occurred on 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. This trade represents a 7.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $178.52, for a total value of $5,801,900.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 249,409 shares of company stock worth $43,523,710. Insiders own 11.64% of the company's stock.

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.