30,684 Shares in Alphabet Inc. (NASDAQ:GOOGL) Purchased by Williams Financial LLC

Williams Financial LLC acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 30,684 shares of the information services provider’s stock, valued at approximately $5,160,000.

A number of other hedge funds also recently bought and sold shares of GOOGL. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Alphabet during the 4th quarter valued at about $30,000. Tributary Capital Management LLC acquired a new stake in Alphabet during the first quarter worth about $30,000. DiNuzzo Private Wealth Inc. purchased a new position in Alphabet during the fourth quarter worth about $38,000. CarsonAllaria Wealth Management Ltd. boosted its holdings in Alphabet by 59.2% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 293 shares of the information services provider’s stock valued at $44,000 after purchasing an additional 109 shares during the last quarter. Finally, Richardson Capital Management LLC grew its stake in shares of Alphabet by 87.5% in the 1st quarter. Richardson Capital Management LLC now owns 300 shares of the information services provider’s stock valued at $45,000 after buying an additional 140 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Susquehanna lifted their price target on shares of Alphabet from $170.00 to $225.00 and gave the company a “positive” rating in a research report on Monday, April 29th. Morgan Stanley lifted their target price on Alphabet from $195.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, July 23rd. Guggenheim upped their price target on Alphabet from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Jefferies Financial Group raised their price objective on Alphabet from $215.00 to $220.00 in a research report on Tuesday, July 9th. Finally, Royal Bank of Canada upped their target price on shares of Alphabet from $200.00 to $204.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Six analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and an average target price of $203.74.

Alphabet Price Performance

Alphabet stock opened at $165.62 on Friday. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04. The company has a fifty day simple moving average of $174.73 and a 200-day simple moving average of $163.18. The stock has a market cap of $2.05 trillion, a P/E ratio of 25.40, a price-to-earnings-growth ratio of 1.28 and a beta of 1.05. Alphabet Inc. has a 12-month low of $120.21 and a 12-month high of $191.75.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.04. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The company had revenue of $84.74 billion during the quarter, compared to the consensus estimate of $70.60 billion. During the same period in the previous year, the business earned $1.44 EPS. Equities analysts expect that Alphabet Inc. will post 7.62 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Monday, September 9th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend is Monday, September 9th. Alphabet’s dividend payout ratio (DPR) is 12.27%.

Insider Buying and Selling at Alphabet

In related news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $173.86, for a total value of $118,572.52. Following the transaction, the chief accounting officer now directly owns 29,966 shares of the company’s stock, valued at approximately $5,209,888.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $162.35, for a total transaction of $3,652,875.00. Following the transaction, the chief executive officer now owns 2,182,385 shares of the company’s stock, valued at $354,310,204.75. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $173.86, for a total transaction of $118,572.52. Following the transaction, the chief accounting officer now owns 29,966 shares in the company, valued at $5,209,888.76. The disclosure for this sale can be found here. Insiders have sold 156,565 shares of company stock worth $26,823,893 over the last three months. Insiders own 11.55% of the company’s stock.

Alphabet Company 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.