Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by LexAurum Advisors LLC

LexAurum Advisors LLC increased its stake in Alphabet Inc. (NASDAQ:GOOGL) by 3.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,387 shares of the information services provider’s stock after purchasing an additional 348 shares during the period. LexAurum Advisors LLC’s holdings in Alphabet were worth $1,452,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Compass Planning Associates Inc purchased a new position in Alphabet during the 4th quarter worth approximately $30,000. Fiduciary Advisors Inc. purchased a new position in Alphabet during the 4th quarter worth approximately $39,000. PayPay Securities Corp raised its position in Alphabet by 36.1% during the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock worth $46,000 after buying an additional 65 shares during the last quarter. Anderson Financial Strategies LLC purchased a new position in Alphabet during the 4th quarter worth approximately $49,000. Finally, Navigoe LLC purchased a new position in Alphabet during the 4th quarter worth approximately $51,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on GOOGL. Roth Mkm reissued a “buy” rating and set a $220.00 price target on shares of Alphabet in a research report on Wednesday, March 19th. Needham & Company LLC reaffirmed a “buy” rating and set a $178.00 target price on shares of Alphabet in a report on Friday, April 25th. Piper Sandler lifted their target price on shares of Alphabet from $185.00 to $195.00 and gave the company an “overweight” rating in a report on Friday, April 25th. Morgan Stanley cut their target price on shares of Alphabet from $210.00 to $185.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Finally, Westpark Capital reaffirmed a “buy” rating and set a $210.00 target price on shares of Alphabet in a report on Thursday, May 8th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and an average price target of $199.75.

Insiders Place Their Bets

In related news, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $168.71, for a total transaction of $5,483,075.00. Following the sale, the chief executive officer now directly owns 2,587,696 shares in the company, valued at approximately $436,570,192.16. This represents a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 673 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total transaction of $104,537.09. Following the completion of the transaction, the chief accounting officer now owns 15,303 shares in the company, valued at $2,377,014.99. This represents a 4.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 195,770 shares of company stock worth $32,036,638 over the last three months. Company insiders own 11.64% of the company’s stock.

Alphabet Trading Up 3.3%

NASDAQ GOOGL opened at $173.68 on Friday. The firm’s 50-day moving average is $160.14 and its two-hundred day moving average is $174.34. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $207.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The stock has a market capitalization of $2.11 trillion, a P/E ratio of 21.58, a PEG ratio of 1.34 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.79. The company had revenue of $76.49 billion for the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. During the same period in the prior year, the firm earned $1.89 earnings per share. On average, sell-side analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be paid a dividend of $0.21 per share. The ex-dividend date is Monday, June 9th. This is a positive change from Alphabet’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 0.48%. Alphabet’s dividend payout ratio is 9.36%.

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.