Trilogy Capital Inc. Purchases 2,339 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Trilogy Capital Inc. grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 52.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,774 shares of the information services provider’s stock after purchasing an additional 2,339 shares during the quarter. Trilogy Capital Inc.’s holdings in Alphabet were worth $1,022,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Red Door Wealth Management LLC raised its holdings in Alphabet by 1.1% in the 1st quarter. Red Door Wealth Management LLC now owns 16,241 shares of the information services provider’s stock worth $2,451,000 after purchasing an additional 174 shares during the period. Gradient Capital Advisors LLC raised its stake in shares of Alphabet by 1.4% in the first quarter. Gradient Capital Advisors LLC now owns 21,245 shares of the information services provider’s stock worth $3,207,000 after buying an additional 290 shares during the period. Avalon Capital Management lifted its position in shares of Alphabet by 10.0% during the 1st quarter. Avalon Capital Management now owns 193,631 shares of the information services provider’s stock valued at $29,225,000 after buying an additional 17,540 shares in the last quarter. Cornerstone Wealth Group LLC grew its stake in shares of Alphabet by 60.5% during the 1st quarter. Cornerstone Wealth Group LLC now owns 62,799 shares of the information services provider’s stock valued at $9,478,000 after acquiring an additional 23,684 shares during the period. Finally, Richardson Capital Management LLC increased its holdings in Alphabet by 87.5% in the 1st quarter. Richardson Capital Management LLC now owns 300 shares of the information services provider’s stock worth $45,000 after acquiring an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Price Performance

Alphabet stock opened at $185.82 on Thursday. The firm has a market capitalization of $2.30 trillion, a PE ratio of 28.50, a price-to-earnings-growth ratio of 1.37 and a beta of 1.05. Alphabet Inc. has a 12-month low of $115.35 and a 12-month high of $186.09. The firm has a 50-day moving average price of $173.92 and a 200-day moving average price of $155.17. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating 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 business had revenue of $80.54 billion during the quarter, compared to analyst estimates of $66.04 billion. During the same quarter in the previous year, the business earned $1.17 earnings per share. As a group, equities research analysts forecast that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Announces Dividend

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

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $183.47, for a total value of $125,126.54. Following the transaction, the chief accounting officer now directly owns 30,650 shares in the company, valued at $5,623,355.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $183.47, for a total transaction of $125,126.54. Following the completion of the sale, the chief accounting officer now owns 30,650 shares of the company’s stock, valued at $5,623,355.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 800 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $159.56, for a total value of $127,648.00. Following the completion of the transaction, the director now directly owns 7,991 shares in the company, valued at approximately $1,275,043.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 123,788 shares of company stock worth $21,143,403. 11.55% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

GOOGL has been the subject of a number of recent analyst reports. Mizuho upped their price target on shares of Alphabet from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. BMO Capital Markets reiterated an “outperform” rating and issued a $215.00 price target on shares of Alphabet in a research note on Wednesday, May 15th. Argus boosted their price objective on Alphabet from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Truist Financial increased their target price on Alphabet from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, Oppenheimer boosted their price target on Alphabet from $185.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Six investment 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $193.66.

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.