Guerra Advisors Inc Buys 2,813 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Guerra Advisors Inc lifted its position in Alphabet Inc. (NASDAQ:GOOGL) by 25.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,881 shares of the information services provider’s stock after acquiring an additional 2,813 shares during the period. Alphabet makes up approximately 1.2% of Guerra Advisors Inc’s holdings, making the stock its 27th biggest holding. Guerra Advisors Inc’s holdings in Alphabet were worth $2,147,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Rockbridge Capital Management LLC acquired a new position in shares of Alphabet in the 4th quarter valued at approximately $3,119,000. Optivise Advisory Services LLC lifted its stake in Alphabet by 8.0% in the fourth quarter. Optivise Advisory Services LLC now owns 5,464 shares of the information services provider’s stock valued at $1,035,000 after buying an additional 403 shares in the last quarter. Community Bank N.A. boosted its holdings in shares of Alphabet by 6.4% in the fourth quarter. Community Bank N.A. now owns 46,173 shares of the information services provider’s stock valued at $8,741,000 after buying an additional 2,790 shares during the period. Falcon Wealth Planning boosted its holdings in shares of Alphabet by 15.7% in the first quarter. Falcon Wealth Planning now owns 9,898 shares of the information services provider’s stock valued at $1,531,000 after buying an additional 1,340 shares during the period. Finally, Premier Fund Managers Ltd increased its position in shares of Alphabet by 30.0% during the fourth quarter. Premier Fund Managers Ltd now owns 61,792 shares of the information services provider’s stock worth $11,816,000 after acquiring an additional 14,262 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on GOOGL. Susquehanna cut their price objective on shares of Alphabet from $225.00 to $220.00 and set a “positive” rating on the stock in a research report on Friday, April 25th. Truist Financial reissued a “buy” rating and issued a $200.00 price target on shares of Alphabet in a research note on Wednesday. Tigress Financial raised their price target on shares of Alphabet from $220.00 to $240.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, April 30th. BNP Paribas Exane restated a “neutral” rating and set a $172.00 target price on shares of Alphabet in a report on Friday, June 27th. Finally, Wedbush set a $190.00 price objective on Alphabet and gave the company an “outperform” rating in a report on Tuesday, April 15th. Ten investment analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $199.95.

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $179.08 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.77 and a quick ratio of 1.77. The stock’s fifty day moving average price is $168.70 and its two-hundred day moving average price is $173.97. Alphabet Inc. has a one year low of $140.53 and a one year high of $207.05. The firm has a market cap of $2.17 trillion, a price-to-earnings ratio of 19.96, a P/E/G ratio of 1.26 and a beta of 1.00.

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

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 9th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.47%. This is an increase from Alphabet’s previous quarterly dividend of $0.20. The ex-dividend date was Monday, June 9th. Alphabet’s dividend payout ratio is presently 9.36%.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $170.87, for a total value of $5,553,275.00. Following the sale, the chief executive officer owned 2,620,196 shares of the company’s stock, valued at approximately $447,712,890.52. This trade represents a 1.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kavitark Ram Shriram sold 10,500 shares of Alphabet stock in a transaction on Thursday, May 22nd. The shares were 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 owned 261,966 shares in the company, valued at approximately $45,844,050. The trade was a 3.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 215,643 shares of company stock valued at $36,330,928 in the last ninety days. 11.64% of the stock is currently owned by company insiders.

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.