Searcy Financial Services Inc. ADV Purchases 100 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Searcy Financial Services Inc. ADV increased its position in Alphabet Inc. (NASDAQ:GOOGL) by 5.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,885 shares of the information services provider’s stock after acquiring an additional 100 shares during the period. Alphabet comprises about 0.1% of Searcy Financial Services Inc. ADV’s investment portfolio, making the stock its 20th biggest holding. Searcy Financial Services Inc. ADV’s holdings in Alphabet were worth $285,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of GOOGL. Vermillion & White Wealth Management Group LLC purchased a new stake in Alphabet in the 4th quarter worth approximately $30,000. DiNuzzo Private Wealth Inc. bought a new position in shares of Alphabet in the fourth quarter worth approximately $38,000. Armor Investment Advisors LLC increased its stake in shares of Alphabet by 31.0% in the fourth quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock worth $47,000 after purchasing an additional 80 shares in the last quarter. IAG Wealth Partners LLC lifted its stake in shares of Alphabet by 55.9% during the 4th 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. Finally, Valued Wealth Advisors LLC bought a new position in Alphabet in the 4th quarter worth $55,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Stock Up 0.5 %

Shares of GOOGL opened at $182.99 on Tuesday. The firm has a fifty day moving average price of $172.85 and a 200-day moving average price of $154.44. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $2.26 trillion, a P/E ratio of 28.07, a P/E/G ratio of 1.37 and a beta of 1.05. Alphabet Inc. has a 12-month low of $115.35 and a 12-month high of $186.05.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating 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 company had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $66.04 billion. During the same period in the previous year, the company earned $1.17 EPS. Equities research analysts expect that Alphabet Inc. will post 7.6 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend was Monday, June 10th. Alphabet’s dividend payout ratio (DPR) is presently 12.27%.

Wall Street Analyst Weigh In

GOOGL has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on Alphabet from $165.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Susquehanna boosted their target price on shares of Alphabet from $170.00 to $225.00 and gave the stock a “positive” rating in a report on Monday, April 29th. Morgan Stanley reaffirmed an “overweight” rating and set a $195.00 target price on shares of Alphabet in a research note on Wednesday, May 15th. Citigroup boosted their price target on shares of Alphabet from $168.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Finally, Roth Mkm raised their price objective on Alphabet from $164.00 to $202.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Six analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and an average price target of $193.66.

Insiders Place Their Bets

In other news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $155.67, for a total transaction of $3,502,575.00. Following the transaction, the chief executive officer now owns 2,325,513 shares in the company, valued at $362,012,608.71. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at $4,880,764.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $155.67, for a total value of $3,502,575.00. Following the sale, the chief executive officer now owns 2,325,513 shares of the company’s stock, valued at approximately $362,012,608.71. The disclosure for this sale can be found here. In the last ninety days, insiders sold 142,344 shares of company stock worth $23,920,676. 11.55% of the stock is currently owned by company insiders.

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.