Wealthstar Advisors LLC Has $403,000 Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Wealthstar Advisors LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 9.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,650 shares of the information services provider’s stock after acquiring an additional 220 shares during the quarter. Wealthstar Advisors LLC’s holdings in Alphabet were worth $403,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of GOOG. Partnership Wealth Management LLC acquired a new position in shares of Alphabet in the fourth quarter worth $26,000. Bruce G. Allen Investments LLC purchased a new position in Alphabet in the fourth quarter valued at about $26,000. Equitec Proprietary Markets LLC acquired a new position in Alphabet in the 4th quarter worth about $28,000. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Alphabet during the 4th quarter worth about $32,000. Finally, Richardson Financial Services Inc. acquired a new stake in shares of Alphabet during the 4th quarter valued at about $34,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Alphabet Trading Up 0.4 %

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 company’s 50 day moving average is $176.58 and its 200-day moving average is $157.00. The firm has a market cap of $2.32 trillion, a price-to-earnings 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 announced its 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. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The firm had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $78.75 billion. During the same quarter last year, the firm posted $1.17 EPS. The business’s quarterly revenue was up 15.4% on a year-over-year basis. Equities analysts anticipate that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed a — dividend, which was paid on Monday, June 17th. Investors 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 presently 12.27%.

Insider Activity at Alphabet

In other news, Director John L. Hennessy sold 800 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was 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 filing with the SEC, which can be accessed through this link. In related news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction dated 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 directly owns 29,284 shares of the company’s stock, valued at $4,880,764.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John L. Hennessy sold 800 shares of the business’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $159.56, for a total value of $127,648.00. Following the transaction, the director now owns 7,991 shares in the company, valued at $1,275,043.96. The disclosure for this sale can be found here. Insiders sold a total of 146,288 shares of company stock worth $25,345,053 in the last 90 days. 12.99% of the stock is owned by company 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.