Marshall Financial Group LLC Increases Stake in Alphabet Inc. (NASDAQ:GOOG)

Marshall Financial Group LLC raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,447 shares of the information services provider’s stock after buying an additional 768 shares during the period. Alphabet comprises 1.2% of Marshall Financial Group LLC’s portfolio, making the stock its 14th largest holding. Marshall Financial Group LLC’s holdings in Alphabet were worth $4,179,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Partnership Wealth Management LLC purchased a new stake in shares of Alphabet in the fourth quarter worth $26,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Alphabet in the fourth quarter worth $26,000. Equitec Proprietary Markets LLC purchased a new stake in shares of Alphabet in the fourth quarter worth $28,000. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Alphabet in the fourth quarter worth $32,000. Finally, Richardson Financial Services Inc. purchased a new stake in shares of Alphabet in the fourth quarter worth $34,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $186.74, for a total transaction of $4,201,650.00. Following the transaction, the chief executive officer now owns 2,227,385 shares of the company’s stock, valued at approximately $415,941,874.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Prabhakar Raghavan sold 3,262 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $183.99, for a total value of $600,175.38. Following the sale, the senior vice president now directly owns 9 shares in the company, valued at approximately $1,655.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $186.74, for a total transaction of $4,201,650.00. Following the completion of the sale, the chief executive officer now owns 2,227,385 shares in the company, valued at $415,941,874.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 146,288 shares of company stock valued at $25,345,053. Company insiders own 12.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Oppenheimer upped their target price on shares of Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Morgan Stanley restated an “overweight” rating and set a $165.00 target price on shares of Alphabet in a research report on Thursday, April 11th. Stifel Nicolaus upped their target price on shares of Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Finally, Rosenblatt Securities lowered shares of Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 target price for the company. in a research report 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.86.

Alphabet Price Performance

Alphabet stock opened at $187.39 on Friday. The firm has a market capitalization of $2.32 trillion, a PE ratio of 28.74, a price-to-earnings-growth ratio of 1.41 and a beta of 1.05. Alphabet Inc. has a 12-month low of $115.83 and a 12-month high of $187.62. The firm has a 50-day moving average price of $176.58 and a 200-day moving average price of $157.00. 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 EPS for the quarter, topping the consensus estimate of $1.51 by $0.38. The company had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $78.75 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The firm’s revenue was up 15.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.17 EPS. As a group, equities research analysts forecast that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Dividend Announcement

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

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.