Boston Standard Wealth Management LLC Makes New $254,000 Investment in Alphabet Inc. (NASDAQ:GOOG)

Boston Standard Wealth Management LLC bought a new position in shares of Alphabet Inc. (NASDAQ:GOOG) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,665 shares of the information services provider’s stock, valued at approximately $254,000.

Other institutional investors have also made changes to their positions in the company. Partnership Wealth Management LLC bought a new stake in shares of Alphabet during the fourth quarter worth approximately $26,000. Bruce G. Allen Investments LLC bought a new stake in Alphabet in the 4th quarter valued at $26,000. Equitec Proprietary Markets LLC acquired a new position in Alphabet in the 4th quarter valued at $28,000. DiNuzzo Private Wealth Inc. bought a new position in Alphabet during the 4th quarter worth $32,000. Finally, Richardson Financial Services Inc. acquired a new stake in shares of Alphabet during the fourth quarter worth $34,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Performance

NASDAQ GOOG opened at $180.26 on Friday. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 12-month low of $115.83 and a 12-month high of $182.51. The company has a market cap of $2.23 trillion, a P/E ratio of 27.65, a PEG ratio of 1.33 and a beta of 1.01. The company has a fifty day simple moving average of $171.61 and a 200 day simple moving average of $153.96.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.38. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The firm had revenue of $80.54 billion during the quarter, compared to analyst estimates of $78.75 billion. During the same period in the previous year, the company posted $1.17 EPS. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. Sell-side analysts predict that Alphabet Inc. will post 7.6 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently announced a — dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, June 10th. Alphabet’s payout ratio is presently 12.27%.

Insider Activity

In other Alphabet news, insider John Kent Walker sold 12,084 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $151.19, for a total transaction of $1,826,979.96. Following the sale, the insider now owns 48,717 shares of the company’s stock, valued at approximately $7,365,523.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director John L. Hennessy sold 1,500 shares of the stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $177.92, for a total transaction of $266,880.00. Following the completion of the sale, the director now directly owns 3,727 shares in the company, valued at approximately $663,107.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Kent Walker sold 12,084 shares of Alphabet stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $151.19, for a total value of $1,826,979.96. Following the completion of the transaction, the insider now directly owns 48,717 shares in the company, valued at $7,365,523.23. The disclosure for this sale can be found here. Insiders have sold 135,958 shares of company stock valued at $22,383,553 in the last 90 days. Insiders own 12.99% of the company’s stock.

Wall Street Analysts Forecast Growth

GOOG has been the topic of a number of analyst reports. Oppenheimer increased their target price on shares of Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Morgan Stanley restated an “overweight” rating and set a $165.00 price objective on shares of Alphabet in a research report on Thursday, April 11th. Finally, Stifel Nicolaus increased their price objective on shares of Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $165.67.

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.