Revisor Wealth Management LLC raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 95.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,750 shares of the information services provider's stock after purchasing an additional 4,265 shares during the period. Revisor Wealth Management LLC's holdings in Alphabet were worth $1,353,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the business. Weaver Consulting Group grew its position in shares of Alphabet by 10.0% during the first quarter. Weaver Consulting Group now owns 10,592 shares of the information services provider's stock worth $1,638,000 after acquiring an additional 963 shares during the last quarter. O Brien Wealth Partners LLC grew its position in shares of Alphabet by 18.9% during the first quarter. O Brien Wealth Partners LLC now owns 2,643 shares of the information services provider's stock worth $409,000 after acquiring an additional 421 shares during the last quarter. Arlington Trust Co LLC grew its position in shares of Alphabet by 8.4% during the first quarter. Arlington Trust Co LLC now owns 27,831 shares of the information services provider's stock worth $4,304,000 after acquiring an additional 2,153 shares during the last quarter. Alley Investment Management Company LLC grew its position in shares of Alphabet by 0.4% during the first quarter. Alley Investment Management Company LLC now owns 97,959 shares of the information services provider's stock worth $15,148,000 after acquiring an additional 347 shares during the last quarter. Finally, Pinnacle Financial Partners Inc grew its position in shares of Alphabet by 0.3% during the first quarter. Pinnacle Financial Partners Inc now owns 814,304 shares of the information services provider's stock worth $125,924,000 after acquiring an additional 2,735 shares during the last quarter. Institutional investors own 40.03% of the company's stock.
Alphabet Trading Down 0.3%
GOOGL stock traded down $0.59 during mid-day trading on Thursday, reaching $176.03. 10,160,682 shares of the stock traded hands, compared to its average volume of 31,709,867. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $207.05. The company has a market cap of $2.14 trillion, a P/E ratio of 19.66, a P/E/G ratio of 1.23 and a beta of 1.00. The stock's fifty day moving average is $169.67 and its 200-day moving average is $173.69.
Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 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 company had revenue of $76.49 billion during the quarter, compared to analyst estimates of $89.30 billion. During the same period in the prior year, the firm earned $1.89 earnings per share. As a group, sell-side analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.
Alphabet Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 9th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, June 9th. This is a positive change from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 0.48%. Alphabet's dividend payout ratio is currently 9.36%.
Analyst Ratings Changes
Several equities analysts have recently commented on GOOGL shares. Bank of America upped their price target on shares of Alphabet from $185.00 to $200.00 and gave the stock a "buy" rating in a research report on Friday, April 25th. Westpark Capital restated a "buy" rating and set a $210.00 price target on shares of Alphabet in a research report on Thursday, May 8th. BNP Paribas lowered shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 26th. Oppenheimer increased their target price on shares of Alphabet from $185.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, April 25th. Finally, Roth Mkm reiterated a "buy" rating and issued a $220.00 target price on shares of Alphabet in a research report on Wednesday, March 19th. Ten 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $200.13.
Read Our Latest Stock Analysis on Alphabet
Insider Buying and Selling at Alphabet
In other news, CEO Sundar Pichai sold 32,500 shares of the 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 of the company's stock, valued at $456,991,919.84. This represents a 1.25% 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, Director John L. Hennessy sold 600 shares of the 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 sale, the director directly owned 6,813 shares of the company's stock, valued at $1,192,275. This trade represents a 8.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 215,643 shares of company stock valued at $36,330,928. 11.64% of the stock is currently owned by corporate insiders.
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.
Recommended Stories
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
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
