Alphabet Inc. (NASDAQ:GOOG) Stock Position Decreased by Outlook Wealth Advisors LLC

Outlook Wealth Advisors LLC decreased its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 4.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,527 shares of the information services provider’s stock after selling 68 shares during the period. Outlook Wealth Advisors LLC’s holdings in Alphabet were worth $239,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in GOOG. LSV Asset Management acquired a new stake in Alphabet in the 4th quarter valued at approximately $27,000. Principia Wealth Advisory LLC lifted its position in shares of Alphabet by 111.8% in the 1st quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider’s stock worth $26,000 after acquiring an additional 85 shares during the period. WealthTrak Capital Management LLC bought a new position in shares of Alphabet during the 4th quarter worth approximately $38,000. Mountain Hill Investment Partners Corp. bought a new position in shares of Alphabet during the 4th quarter worth approximately $39,000. Finally, Noble Wealth Management PBC bought a new position in shares of Alphabet during the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. UBS Group cut their price objective on Alphabet from $209.00 to $173.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Oppenheimer lifted their target price on Alphabet from $185.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, April 25th. Susquehanna reaffirmed a “positive” rating on shares of Alphabet in a research note on Friday, May 2nd. The Goldman Sachs Group reissued a “buy” rating and issued a $220.00 target price on shares of Alphabet in a research note on Monday, June 2nd. Finally, JPMorgan Chase & Co. boosted their target price on Alphabet from $180.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, April 25th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and five have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $204.88.

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on 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 directly owns 2,717,696 shares of the company’s stock, valued at $430,917,877.76. The trade was a 1.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 673 shares of Alphabet stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total value of $104,537.09. Following the completion of the transaction, the chief accounting officer now owns 15,303 shares in the company, valued at approximately $2,377,014.99. The trade was a 4.21% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 195,770 shares of company stock valued at $32,036,638. Insiders own 12.99% of the company’s stock.

Alphabet Stock Up 3.0%

GOOG stock opened at $174.92 on Monday. 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 business has a 50 day moving average price of $161.88 and a two-hundred day moving average price of $176.09. The company has a market cap of $2.12 trillion, a price-to-earnings ratio of 21.73, a P/E/G ratio of 1.34 and a beta of 1.01. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $208.70.

Alphabet (NASDAQ:GOOG) last issued 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 return on equity of 32.49% and a net margin of 28.60%. The company had revenue of $90.23 billion during the quarter, compared to the consensus estimate of $89.30 billion. During the same period in the previous year, the company posted $1.89 EPS. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. Analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Increases Dividend

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

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.