WealthCare Investment Partners LLC Has $482,000 Position in Alphabet Inc. (NASDAQ:GOOGL)

WealthCare Investment Partners LLC lessened its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 12.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,262 shares of the information services provider’s stock after selling 465 shares during the quarter. WealthCare Investment Partners LLC’s holdings in Alphabet were worth $482,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Compass Planning Associates Inc bought a new stake in shares of Alphabet in the fourth quarter worth about $30,000. Anderson Financial Strategies LLC bought a new position in Alphabet in the fourth quarter valued at approximately $49,000. Navigoe LLC bought a new position in Alphabet in the fourth quarter valued at approximately $51,000. Prudent Man Investment Management Inc. bought a new position in shares of Alphabet during the 4th quarter worth approximately $53,000. Finally, Campbell Capital Management Inc. bought a new position in shares of Alphabet during the 4th quarter worth approximately $57,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Activity at Alphabet

In other Alphabet news, Director Kavitark Ram Shriram sold 10,500 shares of the firm’s stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total value of $1,837,500.00. Following the completion of the transaction, the director now owns 261,966 shares in the company, valued at $45,844,050. This trade represents a 3.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total value of $5,153,200.00. Following the completion of the transaction, the chief executive officer now owns 2,717,696 shares of the company’s stock, valued at approximately $430,917,877.76. This represents a 1.18% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 216,306 shares of company stock valued at $35,782,927. 11.64% of the stock is owned by insiders.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $170.68 on Thursday. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $207.05. The stock’s 50 day moving average is $165.45 and its 200-day moving average is $174.58. The firm has a market capitalization of $2.07 trillion, a price-to-earnings ratio of 19.03, a PEG ratio of 1.06 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.79. Alphabet had a return on equity of 34.54% and a net margin of 30.86%. The company had revenue of $76.49 billion for the quarter, compared to analyst estimates of $89.30 billion. During the same period in the prior year, the firm earned $1.89 earnings per share. Sell-side analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 9th were given a $0.21 dividend. This is a positive change from Alphabet’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date was Monday, June 9th. Alphabet’s dividend payout ratio is presently 9.36%.

Analyst Ratings Changes

Several research analysts have recently commented on GOOGL shares. Royal Bank Of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of Alphabet in a research note on Wednesday, April 23rd. Morgan Stanley dropped their price target on Alphabet from $210.00 to $185.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Mizuho dropped their price objective on Alphabet from $230.00 to $205.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Oppenheimer boosted their price target on Alphabet from $185.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, April 25th. Finally, Stifel Nicolaus lowered their price target on Alphabet from $225.00 to $192.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. Ten research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $200.17.

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.