Founders Financial Securities LLC Has $987,000 Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Founders Financial Securities LLC decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,538 shares of the information services provider’s stock after selling 153 shares during the quarter. Founders Financial Securities LLC’s holdings in Alphabet were worth $987,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of GOOGL. Vermillion & White Wealth Management Group LLC acquired a new position in Alphabet in the 4th quarter valued at $30,000. DiNuzzo Private Wealth Inc. acquired a new position in Alphabet in the 4th quarter valued at $38,000. Armor Investment Advisors LLC grew its stake in Alphabet by 31.0% in the 4th 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 during the last quarter. IAG Wealth Partners LLC grew its position in Alphabet by 55.9% in the 4th quarter. IAG Wealth Partners LLC now owns 343 shares of the information services provider’s stock worth $48,000 after purchasing an additional 123 shares during the last quarter. Finally, Valued Wealth Advisors LLC acquired a new stake in Alphabet in the 4th quarter worth $55,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analysts Set New Price Targets

GOOGL has been the topic of several research analyst reports. Loop Capital raised their price target on shares of Alphabet from $155.00 to $170.00 and gave the stock a “hold” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. raised their price target on shares of Alphabet from $165.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Raymond James raised their price target on shares of Alphabet from $160.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Royal Bank of Canada raised their price target on shares of Alphabet from $155.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Finally, KeyCorp raised their price objective on shares of Alphabet from $165.00 to $175.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Six equities research 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $193.66.

Alphabet Trading Up 1.2 %

GOOGL 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 stock has a market capitalization of $2.29 trillion, a PE ratio of 28.41, a PEG 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 price of $173.38 and a two-hundred day moving average price of $154.80.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share 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 firm had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $66.04 billion. During the same quarter last year, the company posted $1.17 EPS. As a group, equities analysts anticipate that Alphabet Inc. will post 7.6 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared 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. This represents a $0.80 annualized dividend and a dividend yield of 0.43%. The ex-dividend date was Monday, June 10th. Alphabet’s dividend payout ratio is 12.27%.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $166.67, for a total transaction of $113,668.94. Following the completion of the sale, the chief accounting officer now owns 29,284 shares in the company, valued at approximately $4,880,764.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director John L. Hennessy sold 800 shares of Alphabet 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 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 this link. Also, 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 transaction of $113,668.94. Following the transaction, the chief accounting officer now 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. Insiders sold a total of 123,788 shares of company stock worth $21,143,403 in the last quarter. 11.55% of the stock is 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.