Alphabet Inc. (NASDAQ:GOOG) Stock Holdings Boosted by High Net Worth Advisory Group LLC

High Net Worth Advisory Group LLC raised its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 11.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,840 shares of the information services provider’s stock after purchasing an additional 1,200 shares during the quarter. High Net Worth Advisory Group LLC’s holdings in Alphabet were worth $1,803,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GOOG. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Alphabet by 5.4% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 17,841 shares of the information services provider’s stock valued at $2,352,000 after acquiring an additional 914 shares during the period. Pegasus Partners Ltd. raised its holdings in shares of Alphabet by 0.8% during the third quarter. Pegasus Partners Ltd. now owns 39,263 shares of the information services provider’s stock valued at $5,177,000 after acquiring an additional 301 shares during the period. Operose Advisors LLC raised its holdings in shares of Alphabet by 13.4% during the third quarter. Operose Advisors LLC now owns 3,306 shares of the information services provider’s stock valued at $436,000 after acquiring an additional 390 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in shares of Alphabet by 26.9% during the third quarter. O Shaughnessy Asset Management LLC now owns 277,229 shares of the information services provider’s stock valued at $36,553,000 after acquiring an additional 58,691 shares during the period. Finally, O ROURKE & COMPANY Inc raised its holdings in shares of Alphabet by 2.7% during the third quarter. O ROURKE & COMPANY Inc now owns 17,965 shares of the information services provider’s stock valued at $2,369,000 after acquiring an additional 476 shares during the period. 27.26% of the stock is owned by institutional investors.

Alphabet Stock Up 0.3 %

Alphabet stock opened at $180.79 on Tuesday. The firm has a market cap of $2.23 trillion, a PE ratio of 27.73, a P/E/G ratio of 1.35 and a beta of 1.01. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15. The firm’s 50 day moving average price is $172.10 and its two-hundred day moving average price is $154.41. Alphabet Inc. has a twelve month low of $115.83 and a twelve month high of $182.51.

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

Alphabet Announces Dividend

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

Insiders Place Their Bets

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $177.40, for a total value of $3,991,500.00. Following the completion of the sale, the chief executive officer now directly owns 2,213,011 shares of the company’s stock, valued at $392,588,151.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $177.40, for a total transaction of $3,991,500.00. Following the completion of the sale, the chief executive officer now directly owns 2,213,011 shares of the company’s stock, valued at approximately $392,588,151.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John Kent Walker sold 12,084 shares of the company’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $151.19, for a total transaction of $1,826,979.96. Following the sale, the insider now directly owns 48,717 shares of the company’s stock, valued at $7,365,523.23. The disclosure for this sale can be found here. Insiders sold 158,458 shares of company stock valued at $26,375,053 over the last ninety days. Corporate insiders own 12.99% of the company’s stock.

Analysts Set New Price Targets

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

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.