Alphabet Inc. (NASDAQ:GOOG) Shares Purchased by Financial Sense Advisors Inc.

Financial Sense Advisors Inc. boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 935.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 76,436 shares of the information services provider’s stock after acquiring an additional 69,051 shares during the quarter. Alphabet accounts for about 3.8% of Financial Sense Advisors Inc.’s investment portfolio, making the stock its 5th largest holding. Financial Sense Advisors Inc.’s holdings in Alphabet were worth $11,638,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GOOG. PCG Wealth Advisors LLC raised its stake in shares of Alphabet by 5.8% during the 1st quarter. PCG Wealth Advisors LLC now owns 1,823 shares of the information services provider’s stock worth $278,000 after purchasing an additional 100 shares in the last quarter. Madrona Financial Services LLC raised its stake in shares of Alphabet by 1.7% during the 1st quarter. Madrona Financial Services LLC now owns 7,376 shares of the information services provider’s stock worth $1,123,000 after purchasing an additional 121 shares in the last quarter. Bourgeon Capital Management LLC raised its stake in shares of Alphabet by 68.5% during the 1st quarter. Bourgeon Capital Management LLC now owns 12,246 shares of the information services provider’s stock worth $1,865,000 after purchasing an additional 4,978 shares in the last quarter. Meadow Creek Wealth Advisors LLC raised its stake in shares of Alphabet by 274.9% during the 1st quarter. Meadow Creek Wealth Advisors LLC now owns 13,248 shares of the information services provider’s stock worth $2,017,000 after purchasing an additional 9,714 shares in the last quarter. Finally, Wallington Asset Management LLC raised its stake in shares of Alphabet by 1.1% during the 1st quarter. Wallington Asset Management LLC now owns 77,062 shares of the information services provider’s stock worth $11,733,000 after purchasing an additional 856 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Performance

Shares of NASDAQ GOOG opened at $187.39 on Friday. 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 business’s 50 day moving average is $175.99 and its two-hundred day moving average is $156.79. The company has a market cap of $2.32 trillion, a P/E ratio of 28.74, a P/E/G ratio of 1.41 and a beta of 1.05. Alphabet Inc. has a 12 month low of $115.83 and a 12 month high of $187.62.

Alphabet (NASDAQ:GOOG) last issued its quarterly 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. The company had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $78.75 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.17 EPS. On average, equities analysts expect that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Rosenblatt Securities downgraded Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price objective on the stock. in a research note on Friday, June 28th. Oppenheimer raised their price objective on Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Stifel Nicolaus raised their price objective on Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $165.00 price objective on shares of Alphabet in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $167.86.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $166.67, for a total transaction of $113,668.94. Following the sale, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at approximately $4,880,764.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $166.67, for a total transaction of $113,668.94. Following the sale, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at approximately $4,880,764.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John L. Hennessy sold 800 shares of Alphabet 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 sale, 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. In the last quarter, insiders have sold 146,288 shares of company stock valued at $25,345,053. 12.99% of the stock is 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.