Next Level Private LLC Has $2.25 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

Next Level Private LLC reduced its stake in Alphabet Inc. (NASDAQ:GOOGL) by 3.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,367 shares of the information services provider’s stock after selling 486 shares during the period. Alphabet makes up approximately 1.0% of Next Level Private LLC’s investment portfolio, making the stock its 26th biggest position. Next Level Private LLC’s holdings in Alphabet were worth $2,253,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Privium Fund Management UK Ltd grew its position in Alphabet by 6.6% during the 2nd quarter. Privium Fund Management UK Ltd now owns 57,691 shares of the information services provider’s stock worth $10,701,000 after acquiring an additional 3,591 shares during the last quarter. Naviter Wealth LLC grew its position in shares of Alphabet by 40.2% in the 2nd quarter. Naviter Wealth LLC now owns 56,790 shares of the information services provider’s stock valued at $10,344,000 after buying an additional 16,295 shares during the last quarter. Magnus Financial Group LLC raised its stake in Alphabet by 8.6% during the second quarter. Magnus Financial Group LLC now owns 31,756 shares of the information services provider’s stock worth $5,784,000 after buying an additional 2,514 shares during the last quarter. LMG Wealth Partners LLC boosted its position in shares of Alphabet by 4.5% during the 2nd quarter. LMG Wealth Partners LLC now owns 10,172 shares of the information services provider’s stock valued at $1,853,000 after purchasing an additional 441 shares in the last quarter. Finally, Little House Capital LLC lifted its position in shares of Alphabet by 26.1% during the 2nd quarter. Little House Capital LLC now owns 54,716 shares of the information services provider’s stock valued at $9,967,000 after acquiring an additional 11,316 shares during the period. Institutional investors own 40.03% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on GOOGL. Truist Financial reissued a “buy” rating and issued a $196.00 price target on shares of Alphabet in a research report on Monday. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $181.00 price target on shares of Alphabet in a report on Wednesday, July 24th. Evercore ISI reduced their price objective on shares of Alphabet from $225.00 to $200.00 and set an “outperform” rating for the company in a research note on Monday. JMP Securities reaffirmed a “market outperform” rating and set a $200.00 price objective on shares of Alphabet in a research note on Monday. Finally, Loop Capital restated a “hold” rating and set a $170.00 target price on shares of Alphabet in a research report on Wednesday, July 3rd. Eight equities research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and an average target price of $201.08.

Alphabet Stock Performance

Shares of GOOGL stock opened at $158.06 on Tuesday. The firm has a market capitalization of $1.95 trillion, a price-to-earnings ratio of 24.24, a PEG ratio of 1.13 and a beta of 1.04. The stock has a fifty day moving average of $166.84 and a 200 day moving average of $165.01. Alphabet Inc. has a 52 week low of $120.21 and a 52 week high of $191.75. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.85 by $0.04. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The firm had revenue of $84.74 billion during the quarter, compared to analysts’ expectations of $70.60 billion. During the same period last year, the company posted $1.44 EPS. As a group, research analysts expect that Alphabet Inc. will post 7.64 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 9th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend was Monday, September 9th. Alphabet’s dividend payout ratio is currently 12.27%.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $183.47, for a total transaction of $125,126.54. Following the completion of the transaction, the chief accounting officer now owns 30,650 shares of the company’s stock, valued at $5,623,355.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $183.47, for a total value of $125,126.54. Following the sale, the chief accounting officer now directly owns 30,650 shares of the company’s stock, valued at $5,623,355.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $177.40, for a total transaction of $3,991,500.00. Following the completion of the transaction, the chief executive officer now directly owns 2,213,011 shares of the company’s stock, valued at $392,588,151.40. The disclosure for this sale can be found here. Insiders have sold a total of 180,167 shares of company stock valued at $30,139,931 over the last ninety days. 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.