Revisor Wealth Management LLC Buys 4,265 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Revisor Wealth Management LLC lifted its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 95.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,750 shares of the information services provider's stock after purchasing an additional 4,265 shares during the quarter. Revisor Wealth Management LLC's holdings in Alphabet were worth $1,353,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Anderson Financial Strategies LLC bought a new stake in shares of Alphabet during the fourth quarter valued at approximately $49,000. EQ Wealth Advisors LLC purchased a new position in Alphabet during the first quarter valued at $49,000. Navigoe LLC purchased a new position in Alphabet during the fourth quarter valued at $51,000. Prudent Man Investment Management Inc. purchased a new position in Alphabet during the fourth quarter valued at $53,000. Finally, Campbell Capital Management Inc. purchased a new position in Alphabet during the fourth quarter valued at $57,000. 40.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on GOOGL shares. Westpark Capital reiterated a "buy" rating and set a $210.00 price objective on shares of Alphabet in a research note on Thursday, May 8th. Roth Mkm reiterated a "buy" rating and set a $220.00 price objective on shares of Alphabet in a research note on Wednesday, March 19th. Needham & Company LLC restated a "buy" rating and issued a $178.00 price target on shares of Alphabet in a research note on Friday, April 25th. Morgan Stanley decreased their price target on Alphabet from $210.00 to $185.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, Tigress Financial boosted their price target on Alphabet from $220.00 to $240.00 and gave the stock a "strong-buy" rating in a research note on Wednesday, April 30th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $200.13.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director John L. Hennessy sold 600 shares of the firm'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 transaction of $105,000.00. Following the completion of the transaction, the director owned 6,813 shares in the company, valued at $1,192,275. This trade represents a 8.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Kavitark Ram Shriram sold 10,500 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total value of $1,837,500.00. Following the transaction, the director owned 261,966 shares of the company's stock, valued at $45,844,050. This represents a 3.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold 215,643 shares of company stock worth $36,330,928 in the last quarter. 11.64% of the stock is owned by corporate insiders.

Alphabet Price Performance

Shares of NASDAQ GOOGL traded up $2.26 during mid-day trading on Wednesday, reaching $176.62. The company's stock had a trading volume of 42,988,099 shares, compared to its average volume of 31,724,461. The stock has a fifty day moving average of $169.31 and a two-hundred day moving average of $173.67. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $207.05. The firm has a market capitalization of $2.14 trillion, a PE ratio of 19.69, a P/E/G ratio of 1.25 and a beta of 1.00. 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 (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, beating 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 34.54% and a net margin of 30.86%. During the same quarter last year, the business posted $1.89 EPS. As a group, sell-side analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 9th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.48%. The ex-dividend date was Monday, June 9th. This is a boost from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio (DPR) is currently 9.36%.

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.