jvl associates llc Purchases 343 Shares of Alphabet Inc. (NASDAQ:GOOG)

jvl associates llc grew its position in Alphabet Inc. (NASDAQ:GOOG) by 3.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,055 shares of the information services provider’s stock after purchasing an additional 343 shares during the quarter. Alphabet comprises approximately 0.6% of jvl associates llc’s investment portfolio, making the stock its 23rd biggest position. jvl associates llc’s holdings in Alphabet were worth $1,571,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Kera Capital Partners Inc. raised its position in shares of Alphabet by 78.5% in the first quarter. Kera Capital Partners Inc. now owns 29,755 shares of the information services provider’s stock valued at $4,649,000 after buying an additional 13,088 shares in the last quarter. Global Wealth Strategies & Associates grew its position in Alphabet by 22.0% during the first quarter. Global Wealth Strategies & Associates now owns 1,711 shares of the information services provider’s stock worth $267,000 after buying an additional 309 shares in the last quarter. Centre Asset Management LLC bought a new position in Alphabet during the 1st quarter worth $13,531,000. Modus Advisors LLC raised its holdings in Alphabet by 0.4% in the 1st quarter. Modus Advisors LLC now owns 39,673 shares of the information services provider’s stock valued at $6,198,000 after acquiring an additional 162 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Alphabet by 2.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 243,464 shares of the information services provider’s stock valued at $38,036,000 after acquiring an additional 4,714 shares during the period. Institutional investors own 27.26% of the company’s stock.

Wall Street Analysts Forecast Growth

GOOG has been the topic of a number of recent analyst reports. Susquehanna restated a “positive” rating on shares of Alphabet in a research report on Friday, May 2nd. Westpark Capital reissued a “buy” rating and issued a $210.00 target price on shares of Alphabet in a report on Friday, April 25th. Citigroup restated a “sell” rating on shares of Alphabet in a research report on Wednesday, April 23rd. Wedbush reiterated an “outperform” rating and set a $220.00 price target on shares of Alphabet in a research report on Thursday, January 30th. Finally, Rosenblatt Securities upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 25th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and five have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $203.94.

Insider Activity at Alphabet

In related news, insider John Kent Walker sold 11,764 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $166.84, for a total value of $1,962,705.76. Following the sale, the insider now directly owns 49,037 shares in the company, valued at $8,181,333.08. This represents a 19.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the sale, the chief executive officer now directly owns 2,717,696 shares of the company’s stock, valued at $430,917,877.76. This represents a 1.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold 164,654 shares of company stock worth $26,793,380 over the last three months. Company insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

NASDAQ:GOOG opened at $173.38 on Thursday. The stock’s 50-day moving average is $160.86 and its 200-day moving average is $176.45. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $208.70. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The stock has a market cap of $2.10 trillion, a P/E ratio of 21.54, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01.

Alphabet (NASDAQ:GOOG) last posted 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 net margin of 28.60% and a return on equity of 32.49%. The firm had revenue of $90.23 billion for the quarter, compared to analyst estimates of $89.30 billion. During the same period in the previous year, the firm posted $1.89 EPS. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. Equities research analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.48%. This is an increase from Alphabet’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, June 9th. Alphabet’s dividend payout ratio is presently 9.36%.

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.