Alphabet Inc. (NASDAQ:GOOG) Holdings Lifted by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 172,364 shares of the information services provider’s stock after buying an additional 3,508 shares during the period. Alphabet makes up about 0.3% of Valeo Financial Advisors LLC’s holdings, making the stock its 22nd biggest position. Valeo Financial Advisors LLC’s holdings in Alphabet were worth $26,244,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Bruce G. Allen Investments LLC purchased a new position in Alphabet in the fourth quarter valued at about $26,000. Partnership Wealth Management LLC acquired a new position in Alphabet in the 4th quarter valued at approximately $26,000. Equitec Proprietary Markets LLC bought a new position in shares of Alphabet during the 4th quarter worth about $28,000. DiNuzzo Private Wealth Inc. bought a new position in shares of Alphabet during the fourth quarter valued at $32,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new position in shares of Alphabet in the 4th quarter worth approximately $34,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on GOOG. Morgan Stanley reiterated an “overweight” rating and issued a $165.00 price target on shares of Alphabet in a report on Thursday, April 11th. Stifel Nicolaus lifted their target price on Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Oppenheimer lifted their price target on Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Finally, Rosenblatt Securities lowered shares of Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price target on the stock. in a research note on Friday, June 28th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $167.86.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $187.39 on Thursday. Alphabet Inc. has a 1-year low of $115.83 and a 1-year high of $187.62. The stock has a fifty day simple moving average of $175.47 and a two-hundred day simple moving average of $156.57. The firm has a market cap of $2.32 trillion, a price-to-earnings ratio of 28.74, a price-to-earnings-growth ratio of 1.40 and a beta of 1.05. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOG) last posted 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 $1.51 by $0.38. The company had revenue of $80.54 billion for the quarter, compared to analyst estimates of $78.75 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.17 earnings per share. Analysts anticipate that Alphabet Inc. will post 7.6 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently declared a — dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 10th were given a $0.20 dividend. The ex-dividend date was Monday, June 10th. Alphabet’s dividend payout ratio (DPR) is presently 12.27%.

Insider Activity at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The stock was 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 owns 2,303,011 shares in the company, valued at approximately $362,516,961.51. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP Prabhakar Raghavan sold 3,262 shares of the stock in a transaction 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 sale, the senior vice president now owns 9 shares in the company, valued at $1,655.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $157.41, for a total value of $3,541,725.00. Following the transaction, the chief executive officer now owns 2,303,011 shares of the company’s stock, valued at $362,516,961.51. The disclosure for this sale can be found here. In the last three months, insiders have sold 146,288 shares of company stock worth $25,345,053. 12.99% of the stock is owned by company insiders.

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.