Alphabet Inc. (NASDAQ:GOOGL) Stock Holdings Boosted by Arkfeld Wealth Strategies L.L.C.

Arkfeld Wealth Strategies L.L.C. raised its stake in Alphabet Inc. (NASDAQ:GOOGL) by 85.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,533 shares of the information services provider’s stock after purchasing an additional 16,793 shares during the period. Alphabet accounts for about 3.2% of Arkfeld Wealth Strategies L.L.C.’s holdings, making the stock its 8th biggest position. Arkfeld Wealth Strategies L.L.C.’s holdings in Alphabet were worth $5,704,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Azimuth Capital Investment Management LLC boosted its holdings in shares of Alphabet by 14.9% in the third quarter. Azimuth Capital Investment Management LLC now owns 263,715 shares of the information services provider’s stock valued at $34,510,000 after acquiring an additional 34,260 shares during the period. Regal Investment Advisors LLC boosted its holdings in shares of Alphabet by 1.7% in the third quarter. Regal Investment Advisors LLC now owns 44,265 shares of the information services provider’s stock valued at $5,793,000 after acquiring an additional 756 shares during the period. Cardiff Park Advisors LLC boosted its holdings in shares of Alphabet by 33.2% in the third quarter. Cardiff Park Advisors LLC now owns 42,481 shares of the information services provider’s stock valued at $5,559,000 after acquiring an additional 10,600 shares during the period. Sycale Advisors NY LLC boosted its holdings in shares of Alphabet by 4.4% in the third quarter. Sycale Advisors NY LLC now owns 83,681 shares of the information services provider’s stock valued at $10,950,000 after acquiring an additional 3,500 shares during the period. Finally, LPL Financial LLC boosted its holdings in shares of Alphabet by 7.0% in the third quarter. LPL Financial LLC now owns 4,447,424 shares of the information services provider’s stock valued at $581,990,000 after acquiring an additional 292,544 shares during the period. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Trading Down 0.1 %

Alphabet stock opened at $183.88 on Thursday. The stock has a market cap of $2.27 trillion, a PE ratio of 28.20, a P/E/G ratio of 1.38 and a beta of 1.01. The stock has a 50-day moving average price of $171.13 and a 200 day moving average price of $153.36. Alphabet Inc. has a 52 week low of $115.35 and a 52 week high of $184.51. 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 (NASDAQ:GOOGL) last issued its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The firm had revenue of $80.54 billion for the quarter, compared to analyst estimates of $66.04 billion. During the same period last year, the company earned $1.17 EPS. Equities research analysts predict that Alphabet Inc. will post 7.6 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 10th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend was Monday, June 10th. Alphabet’s dividend payout ratio is currently 12.27%.

Insider Activity

In other news, SVP Prabhakar Raghavan sold 3,258 shares of Alphabet stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $155.97, for a total value of $508,150.26. Following the transaction, the senior vice president now directly owns 144,685 shares of the company’s stock, valued at approximately $22,566,519.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Prabhakar Raghavan sold 3,258 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $155.97, for a total transaction of $508,150.26. Following the transaction, the senior vice president now directly owns 144,685 shares of the company’s stock, valued at approximately $22,566,519.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $154.79, for a total value of $105,566.78. Following the sale, the chief accounting officer now owns 29,284 shares in the company, valued at $4,532,870.36. The disclosure for this sale can be found here. Insiders have sold 146,284 shares of company stock valued at $24,534,393 in the last three months. Corporate insiders own 11.55% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on GOOGL shares. KeyCorp increased their price objective on Alphabet from $165.00 to $175.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Loop Capital increased their price target on Alphabet from $155.00 to $170.00 and gave the stock a “hold” rating in a report on Wednesday, May 1st. Bank of America reaffirmed a “buy” rating and set a $200.00 price target on shares of Alphabet in a report on Tuesday, June 11th. Wolfe Research increased their price target on Alphabet from $180.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Finally, Needham & Company LLC increased their price target on Alphabet from $160.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Five investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and a consensus price target of $193.69.

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.