Nadler Financial Group Inc. Raises Holdings in Alphabet Inc. (NASDAQ:GOOG)

Nadler Financial Group Inc. grew its holdings in Alphabet Inc. (NASDAQ:GOOG) by 0.2% in the first quarter, Holdings Channel reports. The firm owned 30,347 shares of the information services provider’s stock after buying an additional 70 shares during the quarter. Alphabet accounts for about 0.5% of Nadler Financial Group Inc.’s portfolio, making the stock its 27th biggest position. Nadler Financial Group Inc.’s holdings in Alphabet were worth $4,741,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. LaFleur & Godfrey LLC boosted its holdings in Alphabet by 1.2% in the fourth quarter. LaFleur & Godfrey LLC now owns 31,967 shares of the information services provider’s stock worth $6,088,000 after purchasing an additional 380 shares during the last quarter. Brighton Jones LLC lifted its holdings in shares of Alphabet by 5.6% during the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock valued at $22,901,000 after buying an additional 6,410 shares during the period. Union Bancaire Privee UBP SA purchased a new position in shares of Alphabet in the 4th quarter worth $204,262,000. Ascent Wealth Partners LLC grew its holdings in shares of Alphabet by 246.2% in the fourth quarter. Ascent Wealth Partners LLC now owns 5,698 shares of the information services provider’s stock worth $1,085,000 after acquiring an additional 4,052 shares during the period. Finally, Bank Pictet & Cie Europe AG grew its holdings in shares of Alphabet by 4.3% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 506,535 shares of the information services provider’s stock worth $96,465,000 after acquiring an additional 20,855 shares during the period. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet Trading Up 1.7%

Shares of GOOG stock opened at $174.43 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.77 and a current ratio of 1.77. The stock has a fifty day simple moving average of $167.33 and a two-hundred day simple moving average of $176.22. The firm has a market capitalization of $2.12 trillion, a PE ratio of 19.45, a PEG ratio of 1.21 and a beta of 1.01. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $208.70.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data 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. The firm had revenue of $90.23 billion during the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a return on equity of 34.54% and a net margin of 30.86%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.89 earnings per share. On average, analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 9th were paid a $0.21 dividend. This represents a $0.84 annualized dividend 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 was Monday, June 9th. Alphabet’s dividend payout ratio is presently 9.36%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Rosenblatt Securities raised Alphabet from a “hold” rating to a “strong-buy” rating in a report on Friday, April 25th. UBS Group lowered their price objective on shares of Alphabet from $209.00 to $173.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Tigress Financial reissued a “strong-buy” rating on shares of Alphabet in a report on Friday, May 2nd. Needham & Company LLC cut shares of Alphabet from a “buy” rating to a “cautious” rating in a report on Friday, May 2nd. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $220.00 price target on shares of Alphabet in a research note on Monday, June 2nd. Three analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and five have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $204.88.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $176.68, for a total value of $5,742,100.00. Following the sale, the chief executive officer now owns 2,555,196 shares in the company, valued at $451,452,029.28. The trade was a 1.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $161.90, for a total value of $32,380.00. Following the transaction, the director now owns 7,613 shares of the company’s stock, valued at approximately $1,232,544.70. The trade was a 2.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 216,195 shares of company stock valued at $35,764,898 in the last three months. 12.99% of the stock is currently owned by corporate insiders.

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.