Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Meadow Creek Wealth Advisors LLC

Meadow Creek Wealth Advisors LLC increased its stake in Alphabet Inc. (NASDAQ:GOOGL) by 28.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,618 shares of the information services provider’s stock after acquiring an additional 1,900 shares during the quarter. Alphabet makes up 0.9% of Meadow Creek Wealth Advisors LLC’s holdings, making the stock its 27th largest holding. Meadow Creek Wealth Advisors LLC’s holdings in Alphabet were worth $1,301,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Tributary Capital Management LLC purchased a new position in shares of Alphabet during the first quarter valued at $30,000. Vermillion & White Wealth Management Group LLC purchased a new position in shares of Alphabet during the fourth quarter valued at $30,000. DiNuzzo Private Wealth Inc. purchased a new position in shares of Alphabet during the fourth quarter valued at $38,000. Richardson Capital Management LLC grew its holdings in shares of Alphabet by 87.5% during the first quarter. Richardson Capital Management LLC now owns 300 shares of the information services provider’s stock valued at $45,000 after buying an additional 140 shares in the last quarter. Finally, Armor Investment Advisors LLC grew its holdings in shares of Alphabet by 31.0% during the fourth quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock valued at $47,000 after buying an additional 80 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Robert W. Baird lifted their price target on Alphabet from $160.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Wedbush lifted their price target on Alphabet from $175.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Rosenblatt Securities reiterated a “neutral” rating and set a $181.00 price target (down previously from $182.00) on shares of Alphabet in a report on Friday, June 28th. Stifel Nicolaus reissued a “buy” rating and set a $196.00 price objective on shares of Alphabet in a research report on Wednesday, May 15th. Finally, JMP Securities reissued a “market outperform” rating and set a $200.00 price objective on shares of Alphabet in a research report on Wednesday, May 15th. Six equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and an average price target of $193.66.

Alphabet Trading Up 2.6 %

Shares of GOOGL opened at $190.60 on Monday. Alphabet Inc. has a 12-month low of $115.35 and a 12-month high of $190.86. 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 firm has a market capitalization of $2.36 trillion, a price-to-earnings ratio of 29.23, a P/E/G ratio of 1.43 and a beta of 1.05. The stock’s 50-day moving average price is $175.43 and its 200 day moving average price is $156.24.

Alphabet (NASDAQ:GOOGL) last issued 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 return on equity of 29.52% and a net margin of 25.90%. The firm had revenue of $80.54 billion for the quarter, compared to analyst estimates of $66.04 billion. During the same period in the previous year, the company posted $1.17 earnings per share. As a group, research analysts predict that Alphabet Inc. will post 7.6 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 10th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 10th. This represents a $0.80 annualized dividend and a yield of 0.42%. Alphabet’s dividend payout ratio is 12.27%.

Insider Activity at Alphabet

In other news, Director John L. Hennessy sold 800 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $159.56, for a total value of $127,648.00. Following the sale, the director now directly owns 7,991 shares in the company, valued at approximately $1,275,043.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction that occurred on 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 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 filing with the SEC, which is available at the SEC website. Also, Director John L. Hennessy sold 800 shares of the company’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 sale, the director now owns 7,991 shares in the company, valued at $1,275,043.96. The disclosure for this sale can be found here. Insiders have sold 123,788 shares of company stock worth $21,143,403 over the last three months. Company 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.