Janiczek Wealth Management LLC Purchases 625 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Janiczek Wealth Management LLC lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,486 shares of the information services provider’s stock after purchasing an additional 625 shares during the quarter. Alphabet accounts for 0.5% of Janiczek Wealth Management LLC’s holdings, making the stock its 26th biggest holding. Janiczek Wealth Management LLC’s holdings in Alphabet were worth $2,186,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC acquired a new stake in Alphabet in the fourth quarter valued at about $30,000. DiNuzzo Private Wealth Inc. acquired a new stake in Alphabet in the fourth quarter valued at about $38,000. Meritage Group LP boosted its stake in Alphabet by 1,061.5% in the third quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock valued at $40,000 after buying an additional 276 shares in the last quarter. Armor Investment Advisors LLC boosted its stake in Alphabet by 31.0% in the fourth quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock valued at $47,000 after buying an additional 80 shares in the last quarter. Finally, IAG Wealth Partners LLC boosted its stake in Alphabet by 55.9% in the fourth quarter. IAG Wealth Partners LLC now owns 343 shares of the information services provider’s stock valued at $48,000 after buying an additional 123 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Trading Down 1.8 %

Shares of Alphabet stock opened at $182.15 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15. Alphabet Inc. has a 52 week low of $115.35 and a 52 week high of $186.05. The stock has a 50 day moving average price of $172.85 and a two-hundred day moving average price of $154.14. The stock has a market capitalization of $2.25 trillion, a PE ratio of 27.94, a price-to-earnings-growth ratio of 1.38 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $66.04 billion. During the same quarter last year, the firm posted $1.17 earnings per share. As a group, equities analysts anticipate 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. Shareholders of record on Monday, June 10th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, June 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.44%. Alphabet’s dividend payout ratio (DPR) is presently 12.27%.

Insider Buying and Selling at Alphabet

In related news, 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 transaction of $105,566.78. Following the transaction, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at $4,532,870.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, 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 transaction of $105,566.78. Following the transaction, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at $4,532,870.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $177.92, for a total value of $266,880.00. Following the transaction, the director now directly owns 3,727 shares in the company, valued at approximately $663,107.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 146,284 shares of company stock valued at $24,534,393. Company insiders own 11.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GOOGL. Wolfe Research raised their price objective on Alphabet from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. TD Cowen increased their target price on Alphabet from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Tigress Financial increased their target price on Alphabet from $176.00 to $210.00 and gave the company a “strong-buy” rating in a research report on Friday, May 24th. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 target price on shares of Alphabet in a research report on Friday. Finally, Bank of America reiterated a “buy” rating and issued a $200.00 target price on shares of Alphabet in a research report on Tuesday, June 11th. Six research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $193.66.

About Alphabet

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.