Henrickson Nauta Wealth Advisors Inc. Buys 158 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Henrickson Nauta Wealth Advisors Inc. grew its stake in Alphabet Inc. (NASDAQ:GOOGL) by 4.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,499 shares of the information services provider’s stock after acquiring an additional 158 shares during the quarter. Henrickson Nauta Wealth Advisors Inc.’s holdings in Alphabet were worth $535,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Everest Management Corp. increased its stake in Alphabet by 0.4% during the 1st quarter. Everest Management Corp. now owns 48,600 shares of the information services provider’s stock worth $7,516,000 after purchasing an additional 198 shares in the last quarter. Tounjian Advisory Partners LLC bought a new stake in Alphabet during the 1st quarter worth approximately $8,093,000. Pallas Capital Advisors LLC increased its stake in Alphabet by 1.2% during the 1st quarter. Pallas Capital Advisors LLC now owns 176,451 shares of the information services provider’s stock worth $27,286,000 after purchasing an additional 2,168 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Alphabet by 23.0% during the 1st quarter. Farther Finance Advisors LLC now owns 143,514 shares of the information services provider’s stock worth $22,542,000 after purchasing an additional 26,877 shares in the last quarter. Finally, Daymark Wealth Partners LLC increased its stake in Alphabet by 1.6% during the 1st quarter. Daymark Wealth Partners LLC now owns 295,741 shares of the information services provider’s stock worth $45,733,000 after purchasing an additional 4,744 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Alphabet Stock Up 1.4%

GOOGL opened at $176.09 on Tuesday. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $207.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The company has a market capitalization of $2.14 trillion, a P/E ratio of 21.87, a P/E/G ratio of 1.34 and a beta of 1.01. The stock has a fifty day moving average of $160.52 and a 200-day moving average of $174.46.

Alphabet (NASDAQ:GOOGL) 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 return on equity of 32.49% and a net margin of 28.60%. The company had revenue of $76.49 billion during the quarter, compared to the consensus estimate of $89.30 billion. During the same quarter last year, the firm earned $1.89 earnings per share. On average, equities analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be issued a dividend of $0.21 per share. The ex-dividend date is Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.48%. This is an increase from Alphabet’s previous quarterly dividend of $0.20. Alphabet’s dividend payout ratio (DPR) is currently 9.36%.

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $168.71, for a total value of $5,483,075.00. Following the transaction, the chief executive officer now owns 2,587,696 shares in the company, valued at approximately $436,570,192.16. This trade represents a 1.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Kent Walker sold 11,764 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now owns 49,037 shares in the company, valued at $8,181,333.08. The trade was a 19.35% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 195,770 shares of company stock valued at $32,036,638. 11.64% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on GOOGL shares. Roth Mkm reissued a “buy” rating and set a $220.00 target price on shares of Alphabet in a research note on Wednesday, March 19th. Stifel Nicolaus decreased their price target on shares of Alphabet from $225.00 to $192.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. BMO Capital Markets reaffirmed an “outperform” rating and set a $200.00 price target (down from $230.00) on shares of Alphabet in a research note on Thursday, April 17th. Piper Sandler raised their price target on shares of Alphabet from $185.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, April 25th. Finally, KeyCorp raised their price target on shares of Alphabet from $185.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, April 25th. Ten research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $199.75.

Alphabet Company 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.