Whelan Financial Has $1.22 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Whelan Financial boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 90.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,794 shares of the information services provider's stock after acquiring an additional 3,692 shares during the quarter. Alphabet accounts for 0.5% of Whelan Financial's portfolio, making the stock its 20th biggest holding. Whelan Financial's holdings in Alphabet were worth $1,218,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of GOOG. ARQ Wealth Advisors LLC increased its position in Alphabet by 39.3% during the 4th quarter. ARQ Wealth Advisors LLC now owns 4,964 shares of the information services provider's stock valued at $945,000 after buying an additional 1,400 shares in the last quarter. Independence Bank of Kentucky increased its position in Alphabet by 10.2% during the 1st quarter. Independence Bank of Kentucky now owns 14,907 shares of the information services provider's stock valued at $2,329,000 after buying an additional 1,376 shares in the last quarter. Harvest Investment Services LLC increased its position in Alphabet by 3.3% during the 4th quarter. Harvest Investment Services LLC now owns 4,329 shares of the information services provider's stock valued at $824,000 after buying an additional 138 shares in the last quarter. North Forty Two & Co. acquired a new position in shares of Alphabet in the fourth quarter valued at about $281,000. Finally, Fermata Advisors LLC increased its holdings in shares of Alphabet by 2.7% in the first quarter. Fermata Advisors LLC now owns 9,771 shares of the information services provider's stock valued at $1,527,000 after purchasing an additional 259 shares during the period. Hedge funds and other institutional investors own 27.26% of the company's stock.

Alphabet Stock Down 1.7%

Shares of NASDAQ:GOOG traded down $2.99 during mid-day trading on Monday, hitting $177.56. 20,952,880 shares of the company traded hands, compared to its average volume of 21,209,247. The firm has a market cap of $2.15 trillion, a P/E ratio of 19.79, a PEG ratio of 1.27 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.77 and a current ratio of 1.77. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $208.70. The firm's 50 day simple moving average is $169.97 and its 200 day simple moving average is $175.40.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $89.30 billion. During the same period in the previous year, the business earned $1.89 EPS. Alphabet's revenue for the quarter was up 12.0% compared to the same quarter last year. On average, equities analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 9th were given a $0.21 dividend. This is a positive change from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date was Monday, June 9th. This represents a $0.84 annualized dividend and a dividend yield of 0.47%. Alphabet's dividend payout ratio (DPR) is presently 9.36%.

Insider Transactions at Alphabet

In related news, Director Kavitark Ram Shriram sold 10,500 shares of the business'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 $1,837,500.00. Following the completion of the transaction, the director owned 261,966 shares in the company, valued at $45,844,050. The trade was a 3.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John L. Hennessy sold 600 shares of the business'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 $105,000.00. Following the transaction, the director owned 6,813 shares of the company's stock, valued at $1,192,275. This represents a 8.09% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 215,643 shares of company stock worth $36,330,928. 12.99% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GOOG. Citigroup reissued a "sell" rating on shares of Alphabet in a report on Wednesday, April 23rd. Westpark Capital reissued a "buy" rating and issued a $210.00 price objective on shares of Alphabet in a report on Friday, April 25th. Scotiabank cut their price objective on Alphabet from $232.00 to $200.00 and set a "sector outperform" rating on the stock in a report on Monday, April 21st. KeyCorp cut their price objective on Alphabet from $202.00 to $185.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. increased their price objective on Alphabet from $180.00 to $195.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and six have issued a strong buy rating to the stock. According to data from MarketBeat.com, Alphabet currently has a consensus rating of "Moderate Buy" and a consensus target price of $206.38.

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.