Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Trivant Custom Portfolio Group LLC

Trivant Custom Portfolio Group LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 87.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,457 shares of the information services provider’s stock after buying an additional 14,694 shares during the period. Alphabet accounts for approximately 3.0% of Trivant Custom Portfolio Group LLC’s investment portfolio, making the stock its 6th biggest position. Trivant Custom Portfolio Group LLC’s holdings in Alphabet were worth $4,748,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GOOGL. Vermillion & White Wealth Management Group LLC bought a new stake in Alphabet in the 4th quarter valued at $30,000. DiNuzzo Private Wealth Inc. bought a new position in shares of Alphabet in the fourth quarter valued at about $38,000. Armor Investment Advisors LLC lifted its stake in shares of Alphabet by 31.0% during the 4th quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock worth $47,000 after buying an additional 80 shares during the last quarter. IAG Wealth Partners LLC boosted its holdings 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 worth $48,000 after buying an additional 123 shares during the period. Finally, Valued Wealth Advisors LLC acquired a new position in Alphabet in the 4th quarter valued at about $55,000. 40.03% of the stock is owned by institutional investors.

Insider Activity at Alphabet

In other news, Director John L. Hennessy sold 800 shares of the stock in a transaction 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 sale, the director now directly owns 7,991 shares in the company, valued at $1,275,043.96. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, Director John L. Hennessy sold 800 shares of the company’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $159.56, for a total transaction of $127,648.00. Following the sale, the director now owns 7,991 shares in the company, valued at approximately $1,275,043.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $157.41, for a total value of $3,541,725.00. Following the completion of the transaction, the chief executive officer now directly owns 2,303,011 shares in the company, valued at $362,516,961.51. The disclosure for this sale can be found here. Insiders have sold 123,788 shares of company stock worth $21,143,403 over the last ninety days. Insiders own 11.55% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on GOOGL shares. Wells Fargo & Company boosted their price objective on Alphabet from $141.00 to $168.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. Sanford C. Bernstein boosted their price target on Alphabet from $165.00 to $180.00 and gave the company a “market perform” rating in a research note on Friday, April 26th. Citigroup increased their price objective on Alphabet from $168.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Tigress Financial boosted their target price on shares of Alphabet from $176.00 to $210.00 and gave the company a “strong-buy” rating in a research report on Friday, May 24th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $181.00 price target (down from $182.00) on shares of Alphabet in a research report on Friday, June 28th. 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 stock has a consensus rating of “Moderate Buy” and a consensus target price of $193.66.

Alphabet Trading Up 1.2 %

GOOGL opened at $185.24 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.15. Alphabet Inc. has a fifty-two week low of $115.35 and a fifty-two week high of $186.05. The company’s 50 day moving average price is $173.38 and its two-hundred day moving average price is $154.80. The firm has a market capitalization of $2.29 trillion, a price-to-earnings ratio of 28.41, a PEG ratio of 1.37 and a beta of 1.05.

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

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 10th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.43%. Alphabet’s dividend payout ratio (DPR) is 12.27%.

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.