jvl associates llc Purchases 88 Shares of Alphabet Inc. (NASDAQ:GOOG)

jvl associates llc raised its stake in Alphabet Inc. (NASDAQ:GOOG) by 0.9% during the first quarter, Holdings Channel reports. The fund owned 9,521 shares of the information services provider’s stock after buying an additional 88 shares during the period. Alphabet makes up approximately 0.6% of jvl associates llc’s portfolio, making the stock its 22nd largest position. jvl associates llc’s holdings in Alphabet were worth $1,450,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC purchased a new stake in shares of Alphabet during the 4th quarter valued at approximately $26,000. Partnership Wealth Management LLC bought a new stake in Alphabet during the 4th quarter worth approximately $26,000. Equitec Proprietary Markets LLC bought a new stake in Alphabet during the 4th quarter worth approximately $28,000. DiNuzzo Private Wealth Inc. bought a new stake in Alphabet during the 4th quarter worth approximately $32,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new stake in Alphabet during the 4th quarter worth approximately $34,000. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Trading Down 1.3 %

Shares of GOOG opened at $176.45 on Thursday. The stock has a market capitalization of $2.18 trillion, a P/E ratio of 27.06, a PEG ratio of 1.31 and a beta of 1.01. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05. The firm has a fifty day simple moving average of $170.85 and a two-hundred day simple moving average of $153.29. Alphabet Inc. has a twelve month low of $115.83 and a twelve month high of $182.08.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.51 by $0.38. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The firm had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $78.75 billion. During the same period last year, the company posted $1.17 EPS. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. On average, research analysts anticipate that Alphabet Inc. will post 7.69 EPS for the current year.

Alphabet Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts recently weighed in on GOOG shares. Morgan Stanley reaffirmed an “overweight” rating and set a $165.00 target price on shares of Alphabet in a report on Thursday, April 11th. Oppenheimer upped their target price on shares of Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Finally, Stifel Nicolaus increased their price target on shares of Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $165.67.

Insider Activity at Alphabet

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 transaction of $1,826,979.96. Following the completion of the sale, the insider now directly owns 48,717 shares in the company, valued at approximately $7,365,523.23. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction that occurred 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 in the company, valued at $663,107.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Kent Walker sold 12,084 shares of Alphabet stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $151.19, for a total transaction of $1,826,979.96. Following the completion of the sale, the insider now owns 48,717 shares of the company’s stock, valued at $7,365,523.23. The disclosure for this sale can be found here. Insiders sold a total of 135,958 shares of company stock valued at $22,383,553 in the last three months. Company insiders own 12.99% of the company’s stock.

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.