Intrua Financial LLC Acquires 456 Shares of Alphabet Inc. $GOOGL

Intrua Financial LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 5.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,844 shares of the information services provider’s stock after acquiring an additional 456 shares during the quarter. Intrua Financial LLC’s holdings in Alphabet were worth $1,368,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of GOOGL. Guardian Wealth Management Inc. grew its position in Alphabet by 242.9% in the 1st quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider’s stock worth $26,000 after purchasing an additional 119 shares during the last quarter. IMA Advisory Services Inc. acquired a new position in shares of Alphabet during the first quarter valued at about $28,000. von Borstel & Associates Inc. bought a new stake in shares of Alphabet in the first quarter valued at about $28,000. NBZ Investment Advisors LLC grew its position in Alphabet by 85.7% during the first quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider’s stock worth $30,000 after buying an additional 90 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. bought a new position in Alphabet during the first quarter valued at about $39,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on GOOGL shares. Piper Sandler boosted their price objective on Alphabet from $195.00 to $220.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Morgan Stanley boosted their price target on shares of Alphabet from $185.00 to $205.00 and gave the company an “overweight” rating in a report on Monday, July 21st. Rosenblatt Securities increased their price objective on shares of Alphabet from $191.00 to $224.00 and gave the company a “neutral” rating in a research note on Wednesday, September 3rd. Sanford C. Bernstein raised their price objective on shares of Alphabet from $185.00 to $195.00 and gave the stock a “market perform” rating in a report on Tuesday, July 22nd. Finally, Citigroup reiterated an “outperform” rating on shares of Alphabet in a research report on Wednesday, September 3rd. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, Alphabet has an average rating of “Moderate Buy” and a consensus target price of $221.44.

Alphabet Trading Down 0.2%

Shares of GOOGL stock opened at $239.17 on Thursday. The company has a market capitalization of $2.89 trillion, a P/E ratio of 25.47, a P/E/G ratio of 1.61 and a beta of 1.01. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $241.66. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. The firm has a 50-day moving average price of $199.43 and a 200 day moving average price of $176.61.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.16. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The company had revenue of $96.43 billion during the quarter, compared to analyst estimates of $93.60 billion. Research analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 8th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Monday, September 8th. Alphabet’s dividend payout ratio (DPR) is currently 8.95%.

Insiders Place Their Bets

In other news, Director John L. Hennessy sold 1,000 shares of the firm’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $200.00, for a total value of $200,000.00. Following the completion of the sale, the director directly owned 6,916 shares in the company, valued at approximately $1,383,200. This trade represents a 12.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Kavitark Ram Shriram sold 18,566 shares of the company’s stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $185.76, for a total transaction of $3,448,820.16. Following the transaction, the director owned 243,400 shares in the company, valued at approximately $45,213,984. This trade represents a 7.09% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 254,710 shares of company stock worth $49,208,380. 11.64% 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.