Financial Partners Group LLC Buys 4,767 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Financial Partners Group LLC raised its position in Alphabet Inc. (NASDAQ:GOOGL) by 6.7% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 76,397 shares of the information services provider’s stock after buying an additional 4,767 shares during the period. Alphabet comprises approximately 4.5% of Financial Partners Group LLC’s holdings, making the stock its 2nd largest holding. Financial Partners Group LLC’s holdings in Alphabet were worth $11,531,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. M. Kraus & Co lifted its holdings in shares of Alphabet by 1.1% in the first quarter. M. Kraus & Co now owns 6,267 shares of the information services provider’s stock valued at $946,000 after purchasing an additional 66 shares in the last quarter. Wynn Capital LLC boosted its position in Alphabet by 3.9% during the 1st quarter. Wynn Capital LLC now owns 1,767 shares of the information services provider’s stock worth $267,000 after acquiring an additional 67 shares during the last quarter. Aire Advisors LLC boosted its position in Alphabet by 0.6% during the 4th quarter. Aire Advisors LLC now owns 11,772 shares of the information services provider’s stock worth $1,645,000 after acquiring an additional 68 shares during the last quarter. Henrickson Nauta Wealth Advisors Inc. raised its holdings in shares of Alphabet by 2.1% in the first quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,274 shares of the information services provider’s stock valued at $511,000 after purchasing an additional 68 shares during the last quarter. Finally, Defined Wealth Management LLC lifted its position in shares of Alphabet by 2.9% in the fourth quarter. Defined Wealth Management LLC now owns 2,531 shares of the information services provider’s stock worth $354,000 after purchasing an additional 71 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In other news, Director John L. Hennessy sold 800 shares of the company’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $159.56, for a total transaction of $127,648.00. Following the completion of the transaction, the director now directly owns 7,991 shares in the company, valued at $1,275,043.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Prabhakar Raghavan sold 3,262 shares of Alphabet stock in a transaction on Monday, July 1st. The shares were sold at an average price of $183.99, for a total transaction of $600,175.38. Following the transaction, the senior vice president now owns 9 shares in the company, valued at $1,655.91. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John L. Hennessy sold 800 shares of the stock in a transaction on Friday, April 12th. The shares were sold at an average price of $159.56, for a total value of $127,648.00. Following the completion of the sale, the director now owns 7,991 shares of the company’s stock, valued at $1,275,043.96. The disclosure for this sale can be found here. Insiders have sold 123,788 shares of company stock worth $21,143,403 over the last quarter. Corporate insiders own 11.55% of the company’s stock.

Analyst Ratings Changes

GOOGL has been the subject of a number of analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $196.00 target price on shares of Alphabet in a research report on Wednesday, May 15th. Oppenheimer lifted their target price on Alphabet from $185.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Wolfe Research increased their price target on Alphabet from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. increased their price target on shares of Alphabet from $165.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Finally, Susquehanna raised their target price on shares of Alphabet from $170.00 to $225.00 and gave the company a “positive” rating in a research note on Monday, April 29th. Six analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $193.66.

Alphabet Stock Up 0.3 %

NASDAQ GOOGL opened at $185.82 on Thursday. The business has a fifty day moving average price of $173.92 and a two-hundred day moving average price of $155.17. The stock has a market capitalization of $2.30 trillion, a PE ratio of 28.50, a PEG ratio of 1.37 and a beta of 1.05. Alphabet Inc. has a fifty-two week low of $115.35 and a fifty-two week high of $186.09. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.15.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data 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. The business had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $66.04 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. During the same period in the prior year, the company earned $1.17 EPS. Equities analysts expect that Alphabet Inc. will post 7.6 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 0.43%. The ex-dividend date was Monday, June 10th. Alphabet’s payout ratio is 12.27%.

About Alphabet

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.