Trinity Financial Advisors LLC raised its position in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 5.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,717 shares of the information services provider’s stock after purchasing an additional 271 shares during the quarter. Trinity Financial Advisors LLC’s holdings in Alphabet were worth $893,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Mainsail Financial Group LLC lifted its stake in shares of Alphabet by 2.0% in the 1st quarter. Mainsail Financial Group LLC now owns 9,672 shares of the information services provider’s stock worth $1,511,000 after acquiring an additional 193 shares during the period. Focus Financial Network Inc. raised its holdings in Alphabet by 3.7% during the first quarter. Focus Financial Network Inc. now owns 21,376 shares of the information services provider’s stock worth $3,340,000 after purchasing an additional 760 shares in the last quarter. Ellenbecker Investment Group lifted its position in Alphabet by 12.4% in the first quarter. Ellenbecker Investment Group now owns 4,374 shares of the information services provider’s stock worth $683,000 after purchasing an additional 481 shares during the period. Rowlandmiller & PARTNERS.ADV boosted its stake in Alphabet by 3.3% during the 1st quarter. Rowlandmiller & PARTNERS.ADV now owns 85,350 shares of the information services provider’s stock valued at $13,334,000 after purchasing an additional 2,746 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. boosted its stake in Alphabet by 6.6% during the 1st quarter. Redhawk Wealth Advisors Inc. now owns 5,408 shares of the information services provider’s stock valued at $845,000 after purchasing an additional 335 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.
Alphabet Stock Performance
Shares of Alphabet stock opened at $180.01 on Wednesday. Alphabet Inc. has a 12 month low of $142.66 and a 12 month high of $208.70. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The stock has a market cap of $2.18 trillion, a PE ratio of 22.36, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. The business has a fifty day simple moving average of $162.80 and a 200-day simple moving average of $176.20.
Alphabet Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.47%. This is a positive change 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 9.36%.
Analyst Ratings Changes
GOOG has been the subject of several research analyst reports. Susquehanna restated a “positive” rating on shares of Alphabet in a report on Friday, May 2nd. Rosenblatt Securities upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 25th. Oppenheimer upped their price target on shares of Alphabet from $185.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, April 25th. Scotiabank lowered their price objective on shares of Alphabet from $232.00 to $200.00 and set a “sector outperform” rating on the stock in a research note on Monday, April 21st. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $220.00 target price on shares of Alphabet in a report on Monday, June 2nd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and five have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $204.88.
Read Our Latest Research Report on GOOG
Insider Buying and Selling
In other news, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the completion of the sale, the director now directly owns 7,813 shares in the company, valued at $1,293,285.89. The trade was a 2.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total value of $5,153,200.00. Following the completion of the sale, the chief executive officer now directly owns 2,717,696 shares of the company’s stock, valued at approximately $430,917,877.76. The trade was a 1.18% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 195,770 shares of company stock worth $32,036,638. 12.99% of the stock is owned by company insiders.
About Alphabet
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.
See Also
- Five stocks we like better than Alphabet
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- 3 Tech Focused ETFs to Watch as the Market Nears All-Time Highs
- How Technical Indicators Can Help You Find Oversold Stocks
- Will Warner Bros. Discovery’s Split Produce Double the Upside?
- Should You Add These Warren Buffett Stocks to Your Portfolio?
- Is a Summer Slowdown Ahead for Microsoft Stock?
Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOG – Free Report).
Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.