Burns J W & Co. Inc. NY Purchases 1,720 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Burns J W & Co. Inc. NY lifted its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 7.4% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,861 shares of the information services provider’s stock after buying an additional 1,720 shares during the period. Burns J W & Co. Inc. NY’s holdings in Alphabet were worth $3,752,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. RWQ Financial Management Services Inc. increased its position in Alphabet by 8.2% in the fourth quarter. RWQ Financial Management Services Inc. now owns 61,499 shares of the information services provider’s stock worth $8,591,000 after buying an additional 4,664 shares during the last quarter. Picton Mahoney Asset Management raised its position in shares of Alphabet by 55.4% in the fourth quarter. Picton Mahoney Asset Management now owns 214,443 shares of the information services provider’s stock valued at $29,956,000 after purchasing an additional 76,410 shares during the period. Robbins Farley lifted its stake in shares of Alphabet by 0.8% during the 4th quarter. Robbins Farley now owns 15,006 shares of the information services provider’s stock valued at $2,096,000 after buying an additional 118 shares in the last quarter. Nebula Research & Development LLC bought a new position in Alphabet in the 4th quarter worth approximately $787,000. Finally, Quantum Financial Advisors LLC grew its stake in Alphabet by 8.0% in the 3rd quarter. Quantum Financial Advisors LLC now owns 7,623 shares of the information services provider’s stock valued at $998,000 after buying an additional 564 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Insider Transactions at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $183.47, for a total transaction of $125,126.54. Following the sale, the chief accounting officer now directly owns 30,650 shares of the company’s stock, valued at approximately $5,623,355.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $183.47, for a total transaction of $125,126.54. Following the sale, the chief accounting officer now owns 30,650 shares in the company, valued at approximately $5,623,355.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John L. Hennessy sold 800 shares of the 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 completion of the transaction, the director now owns 7,991 shares of the company’s stock, valued at $1,275,043.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 123,788 shares of company stock valued at $21,143,403. Company insiders own 11.55% of the company’s stock.

Alphabet Stock Performance

Alphabet stock opened at $185.24 on Wednesday. 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 cap of $2.29 trillion, a P/E ratio of 28.41, a P/E/G ratio of 1.37 and a beta of 1.05. Alphabet Inc. has a 1-year low of $115.35 and a 1-year high of $186.05. The firm has a 50-day moving average of $173.38 and a 200-day moving average of $154.80.

Alphabet (NASDAQ:GOOGL) last released 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. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The business had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $66.04 billion. During the same quarter last year, the business posted $1.17 EPS. Sell-side analysts expect that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Announces Dividend

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

Analysts Set New Price Targets

GOOGL has been the subject of a number of analyst reports. Citigroup raised their price target on Alphabet from $168.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Roth Mkm lifted their target price on Alphabet from $164.00 to $202.00 and gave the company a “buy” rating in a report on Friday, April 26th. Argus increased their price target on shares of Alphabet from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. JMP Securities reaffirmed a “market outperform” rating and set a $200.00 price objective on shares of Alphabet in a research note on Wednesday, May 15th. Finally, Tigress Financial raised their price target on shares of Alphabet from $176.00 to $210.00 and gave the company a “strong-buy” rating in a report on Friday, May 24th. Six equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.