Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Aprio Wealth Management LLC

Aprio Wealth Management LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 22.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,095 shares of the information services provider’s stock after acquiring an additional 1,670 shares during the quarter. Aprio Wealth Management LLC’s holdings in Alphabet were worth $1,373,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC acquired a new stake in Alphabet during the 4th quarter worth approximately $30,000. DiNuzzo Private Wealth Inc. acquired a new stake in Alphabet during the 4th quarter worth approximately $38,000. Meritage Group LP increased its position in Alphabet by 1,061.5% during the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock worth $40,000 after purchasing an additional 276 shares in the last quarter. Armor Investment Advisors LLC increased its position in Alphabet by 31.0% during the 4th quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock worth $47,000 after purchasing an additional 80 shares in the last quarter. Finally, IAG Wealth Partners LLC increased its position in Alphabet by 55.9% during the 4th quarter. IAG Wealth Partners LLC now owns 343 shares of the information services provider’s stock worth $48,000 after purchasing an additional 123 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Morgan Stanley restated an “overweight” rating and issued a $195.00 price target on shares of Alphabet in a report on Wednesday, May 15th. Bank of America restated a “buy” rating and issued a $200.00 price target on shares of Alphabet in a report on Tuesday, June 11th. Tigress Financial upped their price target on Alphabet from $176.00 to $210.00 and gave the stock a “strong-buy” rating in a report on Friday, May 24th. Evercore ISI upped their price target on Alphabet from $220.00 to $225.00 and gave the stock an “outperform” rating in a report on Tuesday, June 11th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $196.00 price target on shares of Alphabet in a report on Wednesday, May 15th. Five equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $193.26.

Insider Activity

In other news, insider John Kent Walker sold 12,084 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 48,717 shares of the company’s stock, valued at $7,365,523.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director John L. Hennessy sold 1,500 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $177.92, for a total transaction of $266,880.00. Following the transaction, the director now directly owns 3,727 shares of the company’s stock, valued at $663,107.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Kent Walker sold 12,084 shares of Alphabet stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $151.19, for a total value of $1,826,979.96. Following the transaction, the insider now directly owns 48,717 shares in the company, valued at $7,365,523.23. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 135,958 shares of company stock valued at $22,383,553. Company insiders own 11.55% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $179.63 on Friday. Alphabet Inc. has a 1-year low of $115.35 and a 1-year high of $180.85. 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 business’s fifty day moving average price is $170.05 and its two-hundred day moving average price is $152.41. The firm has a market capitalization of $2.22 trillion, a PE ratio of 27.55, a P/E/G ratio of 1.32 and a beta of 1.01.

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

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 10th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend was Monday, June 10th. Alphabet’s dividend payout ratio (DPR) is 12.27%.

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.