Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Astoria Portfolio Advisors LLC.

Astoria Portfolio Advisors LLC. increased its position in Alphabet Inc. (NASDAQ:GOOGL) by 9.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,487 shares of the information services provider’s stock after acquiring an additional 1,029 shares during the period. Alphabet makes up 0.7% of Astoria Portfolio Advisors LLC.’s portfolio, making the stock its 25th biggest position. Astoria Portfolio Advisors LLC.’s holdings in Alphabet were worth $1,779,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Alphabet during the fourth quarter valued at approximately $30,000. DiNuzzo Private Wealth Inc. bought a new stake in shares of Alphabet in the 4th quarter worth $38,000. Armor Investment Advisors LLC boosted its stake in Alphabet by 31.0% during 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. IAG Wealth Partners LLC grew its holdings in Alphabet by 55.9% during the fourth quarter. IAG Wealth Partners LLC now owns 343 shares of the information services provider’s stock worth $48,000 after acquiring an additional 123 shares during the period. Finally, Valued Wealth Advisors LLC bought a new stake in Alphabet during the fourth quarter worth approximately $55,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Up 0.5 %

Shares of Alphabet stock opened at $182.99 on Tuesday. Alphabet Inc. has a 52-week low of $115.35 and a 52-week high of $186.05. 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 business’s 50 day simple moving average is $172.85 and its 200 day simple moving average is $154.44. The firm has a market cap of $2.26 trillion, a PE ratio of 28.07, a P/E/G ratio of 1.37 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The business had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $66.04 billion. During the same quarter in the prior year, the company posted $1.17 earnings per share. On average, analysts predict that Alphabet Inc. will post 7.6 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

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

Analyst Ratings Changes

GOOGL has been the subject of several research reports. Jefferies Financial Group raised their price objective on Alphabet from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. Tigress Financial upped their price objective on shares of Alphabet from $176.00 to $210.00 and gave the company a “strong-buy” rating in a research note on Friday, May 24th. Wolfe Research lifted their price objective on shares of Alphabet from $180.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. UBS Group increased their price objective on Alphabet from $150.00 to $166.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Finally, Robert W. Baird lifted their target price on shares of Alphabet from $160.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Six investment 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, the company has an average rating of “Moderate Buy” and a consensus price target of $193.66.

Insider Activity at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,500 shares of the stock in a transaction 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 completion of the sale, the director now owns 3,727 shares in the company, valued at $663,107.84. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $177.92, for a total transaction of $266,880.00. Following the transaction, the director now directly owns 3,727 shares of the company’s stock, valued at approximately $663,107.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 sale, the chief accounting officer now directly owns 29,284 shares of the company’s stock, valued at approximately $4,880,764.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 142,344 shares of company stock valued at $23,920,676. 11.55% 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.