Alphabet Inc. (NASDAQ:GOOG) Shares Bought by Clarity Wealth Advisors LLC

Clarity Wealth Advisors LLC raised its holdings in Alphabet Inc. (NASDAQ:GOOG) by 0.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,150 shares of the information services provider’s stock after purchasing an additional 165 shares during the period. Alphabet comprises 1.1% of Clarity Wealth Advisors LLC’s holdings, making the stock its 28th largest position. Clarity Wealth Advisors LLC’s holdings in Alphabet were worth $3,220,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. WJ Wealth Management LLC grew its holdings in Alphabet by 2.9% in the first quarter. WJ Wealth Management LLC now owns 26,398 shares of the information services provider’s stock valued at $4,019,000 after purchasing an additional 742 shares during the period. Waterway Wealth Management LLC purchased a new position in shares of Alphabet in the first quarter valued at approximately $274,000. Strata Wealth Advisors LLC lifted its position in shares of Alphabet by 9.3% in the first quarter. Strata Wealth Advisors LLC now owns 21,755 shares of the information services provider’s stock valued at $3,312,000 after acquiring an additional 1,847 shares in the last quarter. Fiduciary Alliance LLC lifted its position in shares of Alphabet by 1.4% in the first quarter. Fiduciary Alliance LLC now owns 4,867 shares of the information services provider’s stock valued at $762,000 after acquiring an additional 67 shares in the last quarter. Finally, Red Door Wealth Management LLC lifted its position in shares of Alphabet by 2.5% in the first quarter. Red Door Wealth Management LLC now owns 84,070 shares of the information services provider’s stock valued at $12,801,000 after acquiring an additional 2,062 shares in the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $177.40, for a total value of $3,991,500.00. Following the sale, the chief executive officer now owns 2,213,011 shares in the company, valued at $392,588,151.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $177.40, for a total value of $3,991,500.00. Following the completion of the sale, the chief executive officer now directly owns 2,213,011 shares of the company’s stock, valued at $392,588,151.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $177.92, for a total value of $266,880.00. Following the completion of the sale, the director now directly owns 3,727 shares of the company’s stock, valued at $663,107.84. The disclosure for this sale can be found here. Insiders have sold 143,026 shares of company stock worth $24,026,243 over the last quarter. 12.99% of the stock is currently owned by company insiders.

Alphabet Stock Performance

Shares of Alphabet stock opened at $183.42 on Monday. Alphabet Inc. has a one year low of $115.83 and a one year high of $187.50. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15. The company has a market cap of $2.27 trillion, a price-to-earnings ratio of 28.13, a PEG ratio of 1.38 and a beta of 1.05. The business’s 50 day moving average price is $174.40 and its 200 day moving average price is $155.84.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.38. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The company had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $78.75 billion. During the same quarter in the previous year, the business earned $1.17 earnings per share. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. On average, research analysts predict that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently announced a — dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were given a $0.20 dividend. The ex-dividend date was Monday, June 10th. Alphabet’s dividend payout ratio is currently 12.27%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on GOOG shares. Oppenheimer raised their target price on Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Stifel Nicolaus raised their target price on Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Morgan Stanley restated an “overweight” rating and issued a $165.00 target price on shares of Alphabet in a research report on Thursday, April 11th. Finally, Rosenblatt Securities downgraded Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price objective on the stock. in a research report on Friday. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $167.86.

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.