Westfuller Advisors LLC Purchases 1,439 Shares of Alphabet Inc. (NASDAQ:GOOG)

Westfuller Advisors LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 50.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,303 shares of the information services provider's stock after purchasing an additional 1,439 shares during the quarter. Westfuller Advisors LLC's holdings in Alphabet were worth $672,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. LSV Asset Management bought a new position in shares of Alphabet during the fourth quarter worth approximately $27,000. Principia Wealth Advisory LLC grew its holdings in Alphabet by 111.8% in the 1st quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock valued at $26,000 after buying an additional 85 shares in the last quarter. WealthTrak Capital Management LLC acquired a new position in Alphabet in the 4th quarter valued at $38,000. Mountain Hill Investment Partners Corp. bought a new position in Alphabet during the 4th quarter worth $39,000. Finally, Noble Wealth Management PBC acquired a new stake in shares of Alphabet during the fourth quarter worth $43,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

GOOG has been the topic of several research reports. The Goldman Sachs Group restated a "buy" rating and issued a $220.00 price target on shares of Alphabet in a research note on Monday, June 2nd. Westpark Capital reissued a "buy" rating and issued a $210.00 price objective on shares of Alphabet in a report on Friday, April 25th. Needham & Company LLC cut shares of Alphabet from a "buy" rating to a "cautious" rating in a report on Friday, May 2nd. Citigroup reiterated a "sell" rating on shares of Alphabet in a research report on Wednesday, April 23rd. Finally, BNP Paribas cut Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and six have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $206.38.

Alphabet Price Performance

NASDAQ:GOOG traded down $0.88 on Monday, hitting $177.39. The company had a trading volume of 43,931,863 shares, compared to its average volume of 21,075,966. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $208.70. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $2.15 trillion, a price-to-earnings ratio of 19.78, a PEG ratio of 1.26 and a beta of 1.01. The firm has a 50 day moving average of $167.82 and a two-hundred day moving average of $175.90.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings results 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 return on equity of 34.54% and a net margin of 30.86%. The company had revenue of $90.23 billion during the quarter, compared to analysts' expectations of $89.30 billion. During the same period in the prior year, the company earned $1.89 EPS. Alphabet's revenue was up 12.0% compared to the same quarter last year. On average, research analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 9th were issued a dividend of $0.21 per share. This is a boost from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 0.47%. The ex-dividend date was Monday, June 9th. Alphabet's payout ratio is 9.36%.

Insider Buying and Selling at Alphabet

In other Alphabet news, 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 sale, the chief accounting officer directly owned 15,303 shares of the company's stock, valued at $2,377,014.99. The trade was a 4.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John L. Hennessy sold 600 shares of the firm'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 $105,000.00. Following the transaction, the director directly owned 6,813 shares of the company's stock, valued at $1,192,275. The trade was a 8.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 216,195 shares of company stock worth $35,764,898 in the last 90 days. Corporate insiders own 12.99% of the company's stock.

Alphabet 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.