Alphabet Inc. (NASDAQ:GOOGL) is Warther Private Wealth LLC's 3rd Largest Position

Warther Private Wealth LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 27.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 146,061 shares of the information services provider's stock after acquiring an additional 31,075 shares during the quarter. Alphabet comprises about 7.4% of Warther Private Wealth LLC's investment portfolio, making the stock its 3rd largest position. Warther Private Wealth LLC's holdings in Alphabet were worth $22,587,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in GOOGL. Macroview Investment Management LLC raised its position in Alphabet by 4.2% in the 4th quarter. Macroview Investment Management LLC now owns 1,293 shares of the information services provider's stock worth $245,000 after purchasing an additional 52 shares during the period. Cornerstone Planning Group LLC raised its position in Alphabet by 2.3% in the 4th quarter. Cornerstone Planning Group LLC now owns 2,381 shares of the information services provider's stock worth $457,000 after purchasing an additional 53 shares during the period. Addison Advisors LLC raised its position in Alphabet by 0.7% in the 4th quarter. Addison Advisors LLC now owns 7,527 shares of the information services provider's stock worth $1,425,000 after purchasing an additional 53 shares during the period. Burt Wealth Advisors raised its position in Alphabet by 1.0% in the 4th quarter. Burt Wealth Advisors now owns 5,307 shares of the information services provider's stock worth $1,005,000 after purchasing an additional 54 shares during the period. Finally, Perritt Capital Management Inc raised its position in Alphabet by 10.4% in the 4th quarter. Perritt Capital Management Inc now owns 618 shares of the information services provider's stock worth $117,000 after purchasing an additional 58 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.

Insiders Place Their Bets

In related news, Director Kavitark Ram Shriram sold 10,500 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total transaction of $1,837,500.00. Following the completion of the transaction, the director now directly owns 261,966 shares in the company, valued at $45,844,050. The trade was a 3.85% decrease in their ownership of the stock. The transaction 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 business's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $168.71, for a total transaction of $5,483,075.00. Following the transaction, the chief executive officer now owns 2,587,696 shares of the company's stock, valued at $436,570,192.16. This represents a 1.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 195,570 shares of company stock valued at $32,003,532. Insiders own 11.64% of the company's stock.

Alphabet Stock Performance

Shares of NASDAQ GOOGL traded down $2.63 during midday trading on Thursday, reaching $173.32. The company had a trading volume of 28,640,034 shares, compared to its average volume of 30,477,180. The business's 50-day simple moving average is $164.17 and its 200 day simple moving average is $174.73. The stock has a market cap of $2.10 trillion, a P/E ratio of 19.32, a P/E/G ratio of 1.11 and a beta of 1.01. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $207.05. 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 (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 30.86% and a return on equity of 34.54%. During the same quarter last year, the company posted $1.89 earnings per share. On average, analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders 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 0.48%. This is a boost from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio (DPR) is currently 9.36%.

Analyst Ratings Changes

GOOGL has been the topic of a number of recent analyst reports. UBS Group set a $195.00 price objective on shares of Alphabet in a research report on Friday, April 25th. Morgan Stanley reduced their price objective on shares of Alphabet from $210.00 to $185.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. DA Davidson reduced their price objective on shares of Alphabet from $200.00 to $160.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Mizuho reduced their target price on shares of Alphabet from $230.00 to $205.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Finally, Roth Mkm reaffirmed a "buy" rating and set a $220.00 target price on shares of Alphabet in a research report on Wednesday, March 19th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and four have given a strong buy rating to the company's stock. Based on data from MarketBeat, Alphabet currently has a consensus rating of "Moderate Buy" and an average price target of $199.75.

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.