RPg Family Wealth Advisory LLC Makes New $220,000 Investment in Alphabet Inc. $GOOG

Key Points

• RPg Family Wealth Advisory LLC has made a new investment of $220,000 in Alphabet Inc., acquiring 1,409 shares during the first quarter.
• Alphabet recently announced a quarterly dividend of $0.21 per share, with an annualized yield of 0.4%, payable on September 15th.
• The company's stock is currently up 3.0%, with a market capitalization of $2.50 trillion and a P/E ratio of 22.01.

RPg Family Wealth Advisory LLC purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,409 shares of the information services provider's stock, valued at approximately $220,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principia Wealth Advisory LLC lifted its position in Alphabet by 111.8% during the 1st quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock worth $26,000 after buying an additional 85 shares in the last quarter. MorganRosel Wealth Management LLC bought a new stake in shares of Alphabet in the 1st quarter valued at about $26,000. Greykasell Wealth Strategies Inc. bought a new stake in shares of Alphabet in the 1st quarter valued at about $32,000. Goodman Advisory Group LLC bought a new stake in shares of Alphabet in the 1st quarter valued at about $32,000. Finally, Elevate Wealth Advisory Inc. bought a new stake in shares of Alphabet in the 1st quarter valued at about $34,000. 27.26% of the stock is owned by institutional investors.

Alphabet Stock Up 3.0%

Alphabet stock opened at $206.72 on Friday. The stock has a market cap of $2.50 trillion, a P/E ratio of 22.01, a P/E/G ratio of 1.39 and a beta of 1.02. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $209.23. The company's 50-day moving average price is $187.71 and its two-hundred day moving average price is $174.73.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.12 by $0.19. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The firm had revenue of $96.43 billion for the quarter, compared to analyst estimates of $93.67 billion. During the same quarter in the prior year, the business posted $1.89 EPS. The business's revenue was up 13.8% compared to the same quarter last year. As a group, analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 8th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Monday, September 8th. Alphabet's dividend payout ratio is presently 8.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Roth Capital reaffirmed a "buy" rating on shares of Alphabet in a report on Wednesday, July 9th. Susquehanna reaffirmed a "positive" rating on shares of Alphabet in a report on Friday, May 2nd. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $220.00 target price on shares of Alphabet in a report on Monday, June 2nd. JPMorgan Chase & Co. upped their target price on shares of Alphabet from $200.00 to $232.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Finally, Oppenheimer reiterated an "outperform" rating and issued a $235.00 price target (up previously from $220.00) on shares of Alphabet in a research note on Thursday, July 24th. Five investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $215.19.

Insider Buying and Selling at Alphabet

In other Alphabet 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 owned 243,400 shares in the company, valued at $45,213,984. This represents a 7.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $178.52, for a total transaction of $5,801,900.00. Following the transaction, the chief executive officer owned 2,559,892 shares in the company, valued at approximately $456,991,919.84. The trade was a 1.25% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 254,719 shares of company stock worth $47,223,172. 12.99% of the stock is currently owned by company 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.

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