Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by jvl associates llc

jvl associates llc increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,553 shares of the information services provider’s stock after acquiring an additional 124 shares during the quarter. Alphabet comprises approximately 1.0% of jvl associates llc’s portfolio, making the stock its 15th largest holding. jvl associates llc’s holdings in Alphabet were worth $2,347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. WealthPlan Investment Management LLC boosted its holdings in Alphabet by 17.0% during the third quarter. WealthPlan Investment Management LLC now owns 13,891 shares of the information services provider’s stock worth $1,818,000 after buying an additional 2,017 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in Alphabet by 11.6% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,583,257 shares of the information services provider’s stock worth $207,185,000 after buying an additional 164,906 shares in the last quarter. Wesleyan Assurance Society boosted its holdings in Alphabet by 12.6% during the third quarter. Wesleyan Assurance Society now owns 287,350 shares of the information services provider’s stock worth $37,588,000 after buying an additional 32,050 shares in the last quarter. BIP Wealth LLC boosted its holdings in Alphabet by 5.8% during the third quarter. BIP Wealth LLC now owns 4,814 shares of the information services provider’s stock worth $630,000 after buying an additional 264 shares in the last quarter. Finally, Andra AP fonden raised its position in Alphabet by 52.5% during the third quarter. Andra AP fonden now owns 60,151 shares of the information services provider’s stock worth $7,871,000 after acquiring an additional 20,709 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $155.67, for a total transaction of $3,502,575.00. Following the completion of the transaction, the chief executive officer now owns 2,325,513 shares in the company, valued at approximately $362,012,608.71. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Alphabet news, insider John Kent Walker sold 12,084 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $151.19, for a total value of $1,826,979.96. Following the completion of the transaction, the insider now directly owns 48,717 shares in the company, valued at $7,365,523.23. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $155.67, for a total transaction of $3,502,575.00. Following the completion of the transaction, the chief executive officer now owns 2,325,513 shares of the company’s stock, valued at $362,012,608.71. The disclosure for this sale can be found here. Insiders have sold a total of 135,958 shares of company stock valued at $22,383,553 in the last quarter. Company insiders own 11.55% of the company’s stock.

Analyst Ratings Changes

GOOGL has been the subject of a number of research reports. Evercore ISI lifted their target price on shares of Alphabet from $220.00 to $225.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 11th. Mizuho boosted their price objective on shares of Alphabet from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Rosenblatt Securities boosted their price objective on shares of Alphabet from $172.00 to $182.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Truist Financial boosted their price objective on shares of Alphabet from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Finally, Canaccord Genuity Group upped their price target on shares of Alphabet from $190.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Five research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $193.26.

Alphabet Trading Down 1.2 %

NASDAQ GOOGL opened at $175.09 on Thursday. Alphabet Inc. has a 12 month low of $115.35 and a 12 month high of $180.41. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.15. The company has a market capitalization of $2.16 trillion, a price-to-earnings ratio of 26.85, a price-to-earnings-growth ratio of 1.32 and a beta of 1.01. The company’s fifty day moving average price is $169.28 and its two-hundred day moving average price is $151.89.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The firm had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $66.04 billion. During the same period in the prior year, the firm posted $1.17 EPS. As a group, research analysts predict that Alphabet Inc. will post 7.6 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 10th were issued a $0.20 dividend. The ex-dividend date was Monday, June 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.46%. Alphabet’s dividend payout ratio (DPR) is presently 12.27%.

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.