Alphabet Inc. (NASDAQ:GOOG) Shares Bought by International Private Wealth Advisors LLC

International Private Wealth Advisors LLC grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 14.6% during the first quarter, Holdings Channel reports. The firm owned 4,084 shares of the information services provider’s stock after acquiring an additional 520 shares during the quarter. International Private Wealth Advisors LLC’s holdings in Alphabet were worth $638,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of GOOG. Norges Bank acquired a new stake in shares of Alphabet during the fourth quarter worth $5,166,070,000. GAMMA Investing LLC raised its holdings in shares of Alphabet by 18,562.3% during the first quarter. GAMMA Investing LLC now owns 14,323,323 shares of the information services provider’s stock worth $2,237,733,000 after purchasing an additional 14,246,573 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Alphabet during the fourth quarter worth $1,551,533,000. Northern Trust Corp raised its holdings in shares of Alphabet by 16.1% during the fourth quarter. Northern Trust Corp now owns 57,098,042 shares of the information services provider’s stock worth $10,873,751,000 after purchasing an additional 7,917,625 shares during the period. Finally, GQG Partners LLC raised its holdings in shares of Alphabet by 181,679.1% during the fourth quarter. GQG Partners LLC now owns 7,225,721 shares of the information services provider’s stock worth $1,376,066,000 after purchasing an additional 7,221,746 shares during the period. 27.26% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Performance

NASDAQ:GOOG opened at $177.63 on Tuesday. Alphabet Inc. has a twelve month low of $142.66 and a twelve month 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 company has a 50-day moving average of $162.26 and a 200-day moving average of $176.17. The firm has a market cap of $2.16 trillion, a price-to-earnings ratio of 22.07, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.79. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The company had revenue of $90.23 billion during the quarter, compared to analyst estimates of $89.30 billion. During the same quarter last year, the firm posted $1.89 EPS. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. Analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be given a dividend of $0.21 per share. This is a positive change from Alphabet’s previous quarterly dividend of $0.20. The ex-dividend date is Monday, June 9th. This represents a $0.84 annualized dividend and a dividend yield of 0.47%. Alphabet’s dividend payout ratio (DPR) is 9.36%.

Insider Activity

In other Alphabet news, insider John Kent Walker sold 11,764 shares of the company’s stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $166.84, for a total transaction of $1,962,705.76. Following the completion of the sale, the insider now directly owns 49,037 shares of the company’s stock, valued at approximately $8,181,333.08. This represents a 19.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $165.53, for a total transaction of $33,106.00. Following the sale, the director now directly owns 7,813 shares of the company’s stock, valued at $1,293,285.89. This represents a 2.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 195,770 shares of company stock worth $32,036,638. Corporate insiders own 12.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Westpark Capital reissued a “buy” rating and set a $210.00 target price on shares of Alphabet in a report on Friday, April 25th. Susquehanna restated a “positive” rating on shares of Alphabet in a research report on Friday, May 2nd. Citigroup restated a “sell” rating on shares of Alphabet in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. upped their price target on shares of Alphabet from $180.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, April 25th. Finally, Needham & Company LLC lowered shares of Alphabet from a “buy” rating to a “cautious” rating in a research report on Friday, May 2nd. Three analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and five have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $204.88.

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.