MPS Loria Financial Planners LLC Grows Position in Alphabet Inc. (NASDAQ:GOOGL)

MPS Loria Financial Planners LLC raised its stake in Alphabet Inc. (NASDAQ:GOOGL) by 2.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,848 shares of the information services provider’s stock after purchasing an additional 186 shares during the period. Alphabet accounts for about 0.4% of MPS Loria Financial Planners LLC’s holdings, making the stock its 23rd biggest position. MPS Loria Financial Planners LLC’s holdings in Alphabet were worth $1,184,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Brooklyn FI LLC increased its stake in Alphabet by 50.1% in the first quarter. Brooklyn FI LLC now owns 2,586 shares of the information services provider’s stock valued at $390,000 after purchasing an additional 863 shares during the last quarter. Foguth Wealth Management LLC. purchased a new position in Alphabet in the first quarter valued at approximately $271,000. Fox Hill Wealth Management increased its stake in Alphabet by 7.3% in the first quarter. Fox Hill Wealth Management now owns 6,240 shares of the information services provider’s stock valued at $942,000 after purchasing an additional 422 shares during the last quarter. Brown Miller Wealth Management LLC increased its stake in Alphabet by 1.1% in the first quarter. Brown Miller Wealth Management LLC now owns 30,510 shares of the information services provider’s stock valued at $4,604,000 after purchasing an additional 333 shares during the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO increased its stake in Alphabet by 2.9% in the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 4,950 shares of the information services provider’s stock valued at $747,000 after purchasing an additional 140 shares during the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Stock Up 1.2 %

Shares of NASDAQ GOOGL opened at $185.24 on Wednesday. Alphabet Inc. has a 12-month low of $115.35 and a 12-month high of $186.05. The company has a market capitalization of $2.29 trillion, a PE ratio of 28.41, a price-to-earnings-growth ratio of 1.37 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.15. The firm’s 50-day moving average is $173.38 and its two-hundred day moving average is $154.80.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $66.04 billion. During the same quarter in the prior year, the firm earned $1.17 earnings per share. Equities analysts anticipate that Alphabet Inc. will post 7.6 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GOOGL. Sanford C. Bernstein raised their target price on shares of Alphabet from $165.00 to $180.00 and gave the stock a “market perform” rating in a research report on Friday, April 26th. Tigress Financial raised their target price on shares of Alphabet from $176.00 to $210.00 and gave the stock a “strong-buy” rating in a research report on Friday, May 24th. Stifel Nicolaus restated a “buy” rating and set a $196.00 target price on shares of Alphabet in a research report on Wednesday, May 15th. Mizuho raised their target price on shares of Alphabet from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, Truist Financial raised their target price on shares of Alphabet from $170.00 to $190.00 and gave the stock a “buy” rating in a research report 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 issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $193.66.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction dated 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 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 can be accessed through the SEC website. In other news, Director John L. Hennessy sold 800 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $159.56, for a total value 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 transaction was disclosed in a document filed with the SEC, which is accessible 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 completion of the transaction, 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. Insiders have sold 123,788 shares of company stock valued at $21,143,403 over the last quarter. Corporate insiders own 11.55% of the company’s stock.

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.