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

FORVIS Wealth Advisors LLC raised its holdings in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 32.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 99,625 shares of the information services provider’s stock after purchasing an additional 24,672 shares during the period. FORVIS Wealth Advisors LLC’s holdings in Alphabet were worth $15,036,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Tributary Capital Management LLC bought a new position in Alphabet during the 1st quarter worth $30,000. Vermillion & White Wealth Management Group LLC bought a new position in shares of Alphabet in the fourth quarter worth $30,000. DiNuzzo Private Wealth Inc. bought a new position in shares of Alphabet in the fourth quarter worth $38,000. Richardson Capital Management LLC grew its stake in shares of Alphabet by 87.5% in the first 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 in the last quarter. Finally, Armor Investment Advisors LLC grew its stake 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 purchasing an additional 80 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $166.67, for a total value of $113,668.94. Following the completion of the sale, the chief accounting officer now directly owns 29,284 shares in the company, valued at $4,880,764.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $166.67, for a total value of $113,668.94. Following the completion of the sale, the chief accounting officer now directly owns 29,284 shares in the company, valued at $4,880,764.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 800 shares of the stock in a transaction dated Friday, April 12th. The stock was 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 of the company’s stock, valued at $1,275,043.96. The disclosure for this sale can be found here. Insiders sold 123,788 shares of company stock worth $21,143,403 over the last ninety days. 11.55% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on GOOGL shares. Canaccord Genuity Group increased their price target on Alphabet from $190.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $181.00 target price (down previously from $182.00) on shares of Alphabet in a research note on Friday, June 28th. Jefferies Financial Group raised their target price on Alphabet from $215.00 to $220.00 in a research note on Tuesday. Tigress Financial upped their target price on Alphabet from $176.00 to $210.00 and gave the company a “strong-buy” rating in a report on Friday, May 24th. Finally, Susquehanna raised their price target on Alphabet from $170.00 to $225.00 and gave the stock a “positive” rating in a research note on Monday, April 29th. Six analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $194.34.

View Our Latest Report on Alphabet

Alphabet Trading Down 0.0 %

NASDAQ GOOGL opened at $188.98 on Wednesday. The stock has a 50-day simple moving average of $176.41 and a 200 day simple moving average of $156.91. The company has a market capitalization of $2.34 trillion, a PE ratio of 28.98, a P/E/G ratio of 1.43 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 Inc. has a 12 month low of $115.35 and a 12 month high of $191.36.

Alphabet (NASDAQ:GOOGLGet Free Report) last released its quarterly earnings data 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. The business had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $66.04 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. During the same quarter in the prior year, the company posted $1.17 earnings per share. Research analysts forecast that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were issued a $0.20 dividend. The ex-dividend date was Monday, June 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.42%. Alphabet’s dividend payout ratio (DPR) is currently 12.27%.

Alphabet Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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