Alphabet Inc. (NASDAQ:GOOG) Shares Purchased by Aviance Capital Partners LLC

Aviance Capital Partners LLC raised its stake in Alphabet Inc. (NASDAQ:GOOG) by 109.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,240 shares of the information services provider’s stock after acquiring an additional 7,979 shares during the period. Aviance Capital Partners LLC’s holdings in Alphabet were worth $2,320,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in GOOG. Fiduciary Alliance LLC raised its stake in shares of Alphabet by 1.4% during the 1st quarter. Fiduciary Alliance LLC now owns 4,867 shares of the information services provider’s stock worth $762,000 after purchasing an additional 67 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its position in Alphabet by 0.8% during the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 8,588 shares of the information services provider’s stock worth $1,308,000 after acquiring an additional 68 shares in the last quarter. Cranbrook Wealth Management LLC lifted its stake in Alphabet by 14.0% in the fourth quarter. Cranbrook Wealth Management LLC now owns 570 shares of the information services provider’s stock valued at $80,000 after acquiring an additional 70 shares during the last quarter. Saratoga Research & Investment Management grew its position in shares of Alphabet by 0.5% in the 1st quarter. Saratoga Research & Investment Management now owns 14,706 shares of the information services provider’s stock valued at $2,239,000 after acquiring an additional 72 shares during the period. Finally, Manchester Financial Inc. increased its stake in shares of Alphabet by 3.6% during the 4th quarter. Manchester Financial Inc. now owns 2,124 shares of the information services provider’s stock worth $299,000 after purchasing an additional 74 shares during the last quarter. 27.26% of the stock is owned by institutional investors.

Alphabet Stock Performance

Shares of NASDAQ GOOG opened at $184.49 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.15. The firm has a market cap of $2.28 trillion, a price-to-earnings ratio of 28.24, a P/E/G ratio of 1.38 and a beta of 1.05. The stock’s fifty day moving average price is $174.40 and its two-hundred day moving average price is $155.84. Alphabet Inc. has a one year low of $115.83 and a one year high of $187.50.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.51 by $0.38. The business had revenue of $80.54 billion for 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%. Alphabet’s revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.17 earnings per share. On average, equities analysts forecast that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Dividend Announcement

The business also recently declared a — dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 10th were paid a $0.20 dividend. The ex-dividend date was Monday, June 10th. Alphabet’s dividend payout ratio (DPR) is currently 12.27%.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $166.67, for a total value of $113,668.94. Following the completion of the transaction, the chief accounting officer now directly owns 29,284 shares of the company’s stock, valued at approximately $4,880,764.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Alphabet news, Director John L. Hennessy sold 800 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $159.56, for a total transaction of $127,648.00. Following the completion of the transaction, the director now directly owns 7,991 shares in the company, valued at $1,275,043.96. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $166.67, for a total value of $113,668.94. Following the completion of the sale, the chief accounting officer now directly owns 29,284 shares in the company, valued at approximately $4,880,764.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 142,344 shares of company stock worth $23,920,676. Company insiders own 12.99% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on GOOG. Rosenblatt Securities cut Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price target for the company. in a report on Friday. Morgan Stanley reissued an “overweight” rating and set a $165.00 target price on shares of Alphabet in a report on Thursday, April 11th. Stifel Nicolaus increased their price target on Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Oppenheimer lifted their price objective 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. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and a consensus target price of $167.86.

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.