MGO Private Wealth LLC Has $503,000 Position in Alphabet Inc. (NASDAQ:GOOG)

MGO Private Wealth LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 110.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,301 shares of the information services provider’s stock after buying an additional 1,730 shares during the quarter. MGO Private Wealth LLC’s holdings in Alphabet were worth $503,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of GOOG. Echo45 Advisors LLC boosted its holdings in Alphabet by 34.7% during the first quarter. Echo45 Advisors LLC now owns 2,094 shares of the information services provider’s stock valued at $319,000 after acquiring an additional 540 shares during the period. Diversified Trust Co raised its position in Alphabet by 9.3% in the first quarter. Diversified Trust Co now owns 106,400 shares of the information services provider’s stock worth $16,200,000 after purchasing an additional 9,081 shares in the last quarter. Aviance Capital Partners LLC raised its position in Alphabet by 109.9% in the first quarter. Aviance Capital Partners LLC now owns 15,240 shares of the information services provider’s stock worth $2,320,000 after purchasing an additional 7,979 shares in the last quarter. Mirador Capital Partners LP raised its position in Alphabet by 3.7% in the first quarter. Mirador Capital Partners LP now owns 108,265 shares of the information services provider’s stock worth $16,484,000 after purchasing an additional 3,863 shares in the last quarter. Finally, Chapin Davis Inc. raised its position in Alphabet by 2.9% in the first quarter. Chapin Davis Inc. now owns 9,840 shares of the information services provider’s stock worth $1,498,000 after purchasing an additional 275 shares in the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Alphabet Trading Up 0.6 %

Shares of NASDAQ GOOG opened at $184.49 on Tuesday. The company’s fifty day moving average is $174.40 and its 200-day moving average is $155.84. The stock has a market cap of $2.28 trillion, a price-to-earnings ratio of 28.30, a P/E/G ratio of 1.38 and a beta of 1.05. Alphabet Inc. has a twelve month low of $115.83 and a twelve month high of $187.50. 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 (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.38. The company had revenue of $80.54 billion for the quarter, compared to analysts’ expectations of $78.75 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period last year, the firm posted $1.17 earnings per share. Equities research analysts predict that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Announces Dividend

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

Insider Transactions at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $155.67, for a total value of $3,502,575.00. Following the sale, the chief executive officer now directly owns 2,325,513 shares in the company, valued at approximately $362,012,608.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Alphabet news, Director John L. Hennessy sold 2,100 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $175.76, for a total value of $369,096.00. Following the transaction, the director now directly owns 5,891 shares of the company’s stock, valued at $1,035,402.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sundar Pichai sold 22,500 shares of the 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 sale, the chief executive officer now owns 2,325,513 shares of the company’s stock, valued at approximately $362,012,608.71. The disclosure for this sale can be found here. Insiders have sold a total of 142,344 shares of company stock valued at $23,920,676 over the last three months. 12.99% of the stock is currently owned by corporate insiders.

Alphabet 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.