Krilogy Financial LLC Has $7.36 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Krilogy Financial LLC grew its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 3.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,104 shares of the information services provider’s stock after purchasing an additional 1,439 shares during the quarter. Krilogy Financial LLC’s holdings in Alphabet were worth $7,359,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in GOOG. Principia Wealth Advisory LLC boosted its stake in shares of Alphabet by 111.8% during the first quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider’s stock valued at $26,000 after purchasing an additional 85 shares in the last quarter. LSV Asset Management acquired a new stake in shares of Alphabet during the fourth quarter valued at about $27,000. WealthTrak Capital Management LLC acquired a new stake in shares of Alphabet during the fourth quarter valued at about $38,000. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Alphabet during the fourth quarter valued at about $39,000. Finally, Noble Wealth Management PBC bought a new position in shares of Alphabet during the fourth quarter worth about $43,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Alphabet Price Performance

GOOG opened at $175.88 on Friday. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $208.70. 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 company has a market capitalization of $2.13 trillion, a price-to-earnings ratio of 21.85, a P/E/G ratio of 1.34 and a beta of 1.01. The firm’s fifty day moving average price is $164.57 and its two-hundred day moving average price is $176.30.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, topping 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 business had revenue of $90.23 billion for the quarter, compared to analysts’ expectations of $89.30 billion. During the same period in the previous year, the company earned $1.89 earnings per share. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Increases Dividend

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

Insider Transactions at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 673 shares of the business’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total value of $104,537.09. Following the sale, the chief accounting officer now directly owns 15,303 shares in the company, valued at $2,377,014.99. The trade was a 4.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the completion of the transaction, the chief executive officer now 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 disclosure for this sale can be found here. Insiders have sold 195,570 shares of company stock worth $32,003,532 in the last 90 days. Insiders own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

GOOG has been the subject of a number of analyst reports. Westpark Capital restated a “buy” rating and set a $210.00 price objective on shares of Alphabet in a research report on Friday, April 25th. Needham & Company LLC downgraded Alphabet from a “buy” rating to a “cautious” rating in a research report on Friday, May 2nd. Tigress Financial restated a “strong-buy” rating on shares of Alphabet in a report on Friday, May 2nd. Oppenheimer increased their price target on Alphabet from $185.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, April 25th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $220.00 price objective on shares of Alphabet in a research note on Monday, June 2nd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and five have assigned a strong buy rating to the stock. Based on data from MarketBeat, Alphabet has an average rating of “Moderate Buy” and a consensus target price of $204.88.

Alphabet Company 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.