Better Money Decisions LLC Purchases 185 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Better Money Decisions LLC lifted its position in Alphabet Inc. (NASDAQ:GOOGL) by 5.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,884 shares of the information services provider’s stock after purchasing an additional 185 shares during the quarter. Better Money Decisions LLC’s holdings in Alphabet were worth $586,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in GOOGL. Vermillion & White Wealth Management Group LLC purchased a new position in shares of Alphabet during the fourth quarter valued at approximately $30,000. Tributary Capital Management LLC purchased a new stake in Alphabet during the first quarter worth $30,000. DiNuzzo Private Wealth Inc. purchased a new stake in Alphabet during the fourth quarter worth $38,000. Richardson Capital Management LLC lifted its holdings in Alphabet by 87.5% during the first quarter. Richardson Capital Management LLC now owns 300 shares of the information services provider’s stock worth $45,000 after buying an additional 140 shares during the period. Finally, Armor Investment Advisors LLC lifted its holdings in Alphabet by 31.0% during the fourth quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock worth $47,000 after buying an additional 80 shares during the period. 40.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on GOOGL shares. Roth Mkm upped their target price on Alphabet from $164.00 to $202.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Barclays upped their target price on Alphabet from $173.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Truist Financial upped their price target on Alphabet from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. TD Securities upped their price target on Alphabet from $200.00 to $220.00 in a research report on Wednesday. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $200.00 price target (up from $160.00) on shares of Alphabet in a research report on Friday, April 26th. Six analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $195.06.

Alphabet Trading Down 0.3 %

GOOGL stock opened at $185.07 on Friday. The company’s 50-day simple moving average is $177.69 and its 200-day simple moving average is $157.65. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 52-week low of $118.22 and a 52-week high of $191.75. The firm has a market cap of $2.29 trillion, a P/E ratio of 28.39, a PEG ratio of 1.44 and a beta of 1.05.

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

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 10th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend was Monday, June 10th. Alphabet’s dividend payout ratio is presently 12.27%.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $157.41, for a total value of $3,541,725.00. Following the transaction, the chief executive officer now directly owns 2,303,011 shares of the company’s stock, valued at approximately $362,516,961.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $157.41, for a total value of $3,541,725.00. Following the transaction, the chief executive officer now directly owns 2,303,011 shares of the company’s stock, valued at approximately $362,516,961.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Prabhakar Raghavan sold 3,262 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $183.99, for a total transaction of $600,175.38. Following the completion of the transaction, the senior vice president now directly owns 9 shares in the company, valued at $1,655.91. The disclosure for this sale can be found here. In the last three months, insiders have sold 122,988 shares of company stock valued at $21,015,755. 11.55% of the stock is owned by corporate insiders.

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.