Physician Wealth Advisors Inc. Increases Position in Alphabet Inc. (NASDAQ:GOOGL)

Physician Wealth Advisors Inc. lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,906 shares of the information services provider’s stock after acquiring an additional 363 shares during the quarter. Physician Wealth Advisors Inc.’s holdings in Alphabet were worth $1,221,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. RWQ Financial Management Services Inc. increased its position in shares of Alphabet by 8.2% during 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 acquiring an additional 4,664 shares during the period. Picton Mahoney Asset Management increased its holdings in 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 buying an additional 76,410 shares during the last quarter. Robbins Farley increased its holdings in Alphabet by 0.8% in the fourth 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 during the last quarter. Nebula Research & Development LLC purchased a new position in Alphabet in the fourth quarter valued at $787,000. Finally, Quantum Financial Advisors LLC increased its holdings in Alphabet by 8.0% in the third 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 during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Trading Up 1.2 %

NASDAQ GOOGL opened at $185.24 on Wednesday. The stock has a market capitalization 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 52-week low of $115.35 and a 52-week high of $186.05. The firm has a 50-day moving average price of $173.38 and a 200 day moving average price of $154.80. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping 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 period in the prior year, the company posted $1.17 earnings per share. Equities research analysts expect that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Dividend Announcement

The business 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. The ex-dividend date was Monday, June 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.43%. Alphabet’s payout ratio is 12.27%.

Insider Activity

In other news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $157.41, for a total transaction of $3,541,725.00. Following the completion of the sale, the chief executive officer now directly owns 2,303,011 shares in the company, valued at approximately $362,516,961.51. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $157.41, for a total transaction 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 approximately $362,516,961.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Prabhakar Raghavan sold 3,262 shares of Alphabet stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $183.99, for a total value of $600,175.38. Following the transaction, the senior vice president now owns 9 shares of the company’s stock, valued at $1,655.91. The disclosure for this sale can be found here. In the last three months, insiders sold 123,788 shares of company stock worth $21,143,403. Company insiders own 11.55% of the company’s stock.

Analyst Ratings Changes

GOOGL has been the topic of several recent analyst reports. Stifel Nicolaus reissued a “buy” rating and issued a $196.00 target price on shares of Alphabet in a report on Wednesday, May 15th. JPMorgan Chase & Co. increased their target price on Alphabet from $165.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Wolfe Research increased their target price on Alphabet from $180.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Jefferies Financial Group increased their target price on Alphabet from $200.00 to $215.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. Finally, Raymond James upped their price objective on shares of Alphabet from $160.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Six investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.