Elevated Capital Advisors LLC Increases Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Elevated Capital Advisors LLC boosted its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 4.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,470 shares of the information services provider’s stock after acquiring an additional 589 shares during the period. Elevated Capital Advisors LLC’s holdings in Alphabet were worth $2,355,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of GOOG. Bruce G. Allen Investments LLC bought a new position in shares of Alphabet in the fourth quarter worth $26,000. Partnership Wealth Management LLC bought a new stake in Alphabet in the 4th quarter worth approximately $26,000. Equitec Proprietary Markets LLC purchased a new stake in Alphabet in the fourth quarter worth approximately $28,000. DiNuzzo Private Wealth Inc. bought a new position in Alphabet during the fourth quarter valued at approximately $32,000. Finally, Pacific Capital Wealth Advisors Inc. purchased a new position in shares of Alphabet during the fourth quarter worth approximately $34,000. Institutional investors own 27.26% of the company’s stock.

Alphabet Price Performance

Shares of Alphabet stock opened at $186.86 on Friday. The company’s fifty day simple moving average is $173.26 and its two-hundred day simple moving average is $154.97. Alphabet Inc. has a 12-month low of $115.83 and a 12-month high of $187.50. The firm has a market cap of $2.31 trillion, a PE ratio of 28.66, a price-to-earnings-growth ratio of 1.39 and a beta of 1.01. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05.

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

Alphabet Announces Dividend

The firm also recently announced a — dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 10th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, June 10th. Alphabet’s dividend payout ratio (DPR) is presently 12.27%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. 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. Stifel Nicolaus upped their price target on shares of Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $165.00 price objective on shares of Alphabet in a research note on Thursday, April 11th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Alphabet has an average rating of “Buy” and an average price target of $165.67.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction on Tuesday, April 2nd. The shares were 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $177.40, for a total value of $3,991,500.00. Following the completion of the transaction, the chief executive officer now owns 2,213,011 shares of the company’s stock, valued at approximately $392,588,151.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 shares were 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 sold a total of 146,284 shares of company stock worth $24,534,393 over the last quarter. 12.99% of the stock is owned by corporate insiders.

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.