Consilio Wealth Advisors LLC Purchases 743 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Consilio Wealth Advisors LLC lifted its position in Alphabet Inc. (NASDAQ:GOOGL) by 11.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,190 shares of the information services provider’s stock after buying an additional 743 shares during the quarter. Alphabet comprises approximately 0.5% of Consilio Wealth Advisors LLC’s holdings, making the stock its 24th largest position. Consilio Wealth Advisors LLC’s holdings in Alphabet were worth $1,085,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of GOOGL. Vermillion & White Wealth Management Group LLC bought a new position in Alphabet in the 4th quarter worth approximately $30,000. DiNuzzo Private Wealth Inc. bought a new stake in shares of Alphabet in the fourth quarter valued at approximately $38,000. Richardson Capital Management LLC grew its stake in shares of Alphabet by 87.5% in the first 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 during the last quarter. Armor Investment Advisors LLC increased its position in Alphabet by 31.0% during the fourth quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock worth $47,000 after acquiring an additional 80 shares during the period. Finally, IAG Wealth Partners LLC boosted its holdings in Alphabet by 55.9% in the 4th quarter. IAG Wealth Partners LLC now owns 343 shares of the information services provider’s stock valued at $48,000 after purchasing an additional 123 shares during the period. 40.03% of the stock is owned by institutional investors.

Alphabet Price Performance

Shares of GOOGL stock opened at $185.82 on Friday. Alphabet Inc. has a 1 year low of $115.35 and a 1 year high of $186.09. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. The firm’s 50 day moving average is $174.46 and its 200-day moving average is $155.39. The firm has a market capitalization of $2.30 trillion, a price-to-earnings ratio of 28.50, a PEG ratio of 1.39 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The firm had revenue of $80.54 billion for the quarter, compared to analyst estimates of $66.04 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. During the same period last year, the company earned $1.17 EPS. Sell-side analysts forecast that Alphabet Inc. will post 7.6 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were issued a dividend of $0.20 per share. The ex-dividend date was Monday, June 10th. This represents a $0.80 annualized dividend and a yield of 0.43%. Alphabet’s dividend payout ratio is currently 12.27%.

Insider Buying and Selling at Alphabet

In other Alphabet 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 completion of the sale, the senior vice president now owns 9 shares of the company’s stock, valued at approximately $1,655.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Prabhakar Raghavan sold 3,262 shares of Alphabet stock in a transaction on Monday, July 1st. The stock was sold at an average price of $183.99, for a total transaction of $600,175.38. Following the completion of the sale, the senior vice president now directly owns 9 shares of the company’s stock, valued at $1,655.91. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of the 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 completion of the transaction, the chief accounting officer now directly owns 30,650 shares in the company, valued at approximately $5,623,355.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 123,788 shares of company stock worth $21,143,403. Company insiders own 11.55% of the company’s stock.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of several research reports. Rosenblatt Securities restated a “neutral” rating and set a $181.00 price objective (down previously from $182.00) on shares of Alphabet in a report on Friday, June 28th. Jefferies Financial Group boosted their price target on Alphabet from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Wednesday, June 26th. Barclays raised their price objective on Alphabet from $173.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Roth Mkm boosted their price objective on Alphabet from $164.00 to $202.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Finally, Royal Bank of Canada raised their target price on Alphabet from $155.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Six analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and an average target price 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.