Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Chico Wealth RIA

Chico Wealth RIA raised its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 34.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,383 shares of the information services provider’s stock after buying an additional 862 shares during the period. Alphabet makes up 0.5% of Chico Wealth RIA’s portfolio, making the stock its 18th biggest position. Chico Wealth RIA’s holdings in Alphabet were worth $511,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of GOOGL. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Alphabet in the 4th quarter worth approximately $30,000. DiNuzzo Private Wealth Inc. acquired a new position in shares of Alphabet in the 4th quarter worth approximately $38,000. Richardson Capital Management LLC grew its stake in shares of Alphabet by 87.5% in the 1st quarter. Richardson Capital Management LLC now owns 300 shares of the information services provider’s stock worth $45,000 after purchasing an additional 140 shares during the last quarter. Armor Investment Advisors LLC boosted its holdings in shares of Alphabet by 31.0% in the fourth quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock worth $47,000 after buying an additional 80 shares during the period. Finally, IAG Wealth Partners LLC boosted its holdings in shares of Alphabet by 55.9% in the fourth quarter. IAG Wealth Partners LLC now owns 343 shares of the information services provider’s stock worth $48,000 after buying an additional 123 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now owns 2,303,011 shares of the company’s stock, valued at $362,516,961.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction 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 sale, the chief executive officer now owns 2,303,011 shares in the company, valued at $362,516,961.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction 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 owns 30,650 shares in the company, valued at approximately $5,623,355.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 123,788 shares of company stock valued at $21,143,403. 11.55% of the stock is owned by company insiders.

Alphabet Trading Up 0.3 %

NASDAQ:GOOGL opened at $185.82 on Friday. Alphabet Inc. has a 12 month low of $115.35 and a 12 month high of $186.09. The firm has a market cap of $2.30 trillion, a price-to-earnings ratio of 28.50, a P/E/G ratio of 1.39 and a beta of 1.05. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05. The company’s 50 day moving average is $174.46 and its 200-day moving average is $155.39.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $66.04 billion. During the same quarter last year, the firm posted $1.17 earnings per share. Equities analysts anticipate that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 10th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date was Monday, June 10th. Alphabet’s dividend payout ratio (DPR) is currently 12.27%.

Analyst Upgrades and Downgrades

Several research analysts have commented on GOOGL shares. Rosenblatt Securities reiterated a “neutral” rating and issued a $181.00 target price (down from $182.00) on shares of Alphabet in a report on Friday, June 28th. Argus raised their target price on shares of Alphabet from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. KeyCorp raised their target price on shares of Alphabet from $165.00 to $175.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. TD Cowen raised their target price on shares of Alphabet from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $215.00 target price on shares of Alphabet in a report on Wednesday, May 15th. Six 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 MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and an average target price of $193.66.

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.