Pursue Wealth Partners LLC increased its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 29.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,437 shares of the information services provider's stock after purchasing an additional 5,621 shares during the period. Alphabet accounts for 2.3% of Pursue Wealth Partners LLC's portfolio, making the stock its 12th largest position. Pursue Wealth Partners LLC's holdings in Alphabet were worth $3,818,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Moser Wealth Advisors LLC boosted its holdings in shares of Alphabet by 4.2% during the first quarter. Moser Wealth Advisors LLC now owns 2,490 shares of the information services provider's stock valued at $389,000 after acquiring an additional 100 shares during the period. Encompass Wealth Advisors LLC boosted its stake in Alphabet by 2.7% during the 1st quarter. Encompass Wealth Advisors LLC now owns 4,794 shares of the information services provider's stock valued at $749,000 after purchasing an additional 125 shares during the period. Live Oak Private Wealth LLC grew its position in Alphabet by 1.6% in the 1st quarter. Live Oak Private Wealth LLC now owns 91,018 shares of the information services provider's stock worth $14,220,000 after purchasing an additional 1,412 shares during the last quarter. Hudson Value Partners LLC increased its stake in shares of Alphabet by 0.6% in the first quarter. Hudson Value Partners LLC now owns 32,653 shares of the information services provider's stock valued at $5,101,000 after purchasing an additional 207 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of Alphabet by 2.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 908,650 shares of the information services provider's stock valued at $141,958,000 after purchasing an additional 17,954 shares during the period. Institutional investors and hedge funds own 27.26% of the company's stock.
Alphabet Trading Up 1.0%
NASDAQ GOOG traded up $1.73 on Tuesday, hitting $167.74. 27,218,990 shares of the company were exchanged, compared to its average volume of 20,679,335. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.77 and a quick ratio of 1.77. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $208.70. The firm has a market capitalization of $2.04 trillion, a P/E ratio of 18.70, a price-to-earnings-growth ratio of 1.17 and a beta of 1.01. The company's 50 day moving average price is $166.58 and its 200-day moving average price is $176.27.
Alphabet (NASDAQ:GOOG - Get Free Report) last released 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. Alphabet had a net margin of 30.86% and a return on equity of 34.54%. The business had revenue of $90.23 billion for the quarter, compared to analyst estimates of $89.30 billion. During the same quarter in the previous year, the business earned $1.89 earnings per share. The firm's revenue was up 12.0% compared to the same quarter last year. Analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.
Alphabet Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 9th were issued a $0.21 dividend. The ex-dividend date was Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.50%. This is a positive change from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio is presently 9.36%.
Insider Transactions at Alphabet
In other news, insider John Kent Walker sold 11,764 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $166.84, for a total value of $1,962,705.76. Following the completion of the sale, the insider now directly owns 49,037 shares of the company's stock, valued at $8,181,333.08. This represents a 19.35% 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, CAO Amie Thuener O'toole sold 673 shares of the business'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 directly owns 15,303 shares in the company, valued at $2,377,014.99. The trade was a 4.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 228,070 shares of company stock valued at $37,745,632 over the last quarter. Company insiders own 12.99% of the company's stock.
Analyst Ratings Changes
GOOG has been the subject of a number of recent analyst reports. Oppenheimer increased their price objective on Alphabet from $185.00 to $200.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. The Goldman Sachs Group reiterated a "buy" rating and set a $220.00 price target on shares of Alphabet in a research report on Monday, June 2nd. Westpark Capital reissued a "buy" rating and set a $210.00 price target on shares of Alphabet in a report on Friday, April 25th. JPMorgan Chase & Co. lifted their price objective on shares of Alphabet from $180.00 to $195.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Finally, Rosenblatt Securities upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and five have issued a strong buy rating to the company's stock. According to MarketBeat, Alphabet presently has a consensus rating of "Moderate Buy" and an average price target of $204.88.
Read Our Latest Report on Alphabet
About Alphabet
(
Free Report)
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.
Read More
Before you consider Alphabet, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alphabet wasn't on the list.
While Alphabet currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
