Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Gradient Capital Advisors LLC

Gradient Capital Advisors LLC boosted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 8.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 20,955 shares of the information services provider’s stock after purchasing an additional 1,715 shares during the quarter. Alphabet comprises 1.1% of Gradient Capital Advisors LLC’s investment portfolio, making the stock its 25th biggest position. Gradient Capital Advisors LLC’s holdings in Alphabet were worth $2,927,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Meritage Group LP boosted its stake in Alphabet by 1,061.5% during the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock worth $40,000 after purchasing an additional 276 shares during the last quarter. Macroview Investment Management LLC boosted its stake in Alphabet by 165.8% during the 3rd quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock worth $42,000 after purchasing an additional 199 shares during the last quarter. Armor Investment Advisors LLC boosted its stake in Alphabet by 31.0% during the 4th quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock worth $47,000 after purchasing an additional 80 shares during the last quarter. Valued Wealth Advisors LLC acquired a new stake in Alphabet during the 4th quarter worth $55,000. Finally, LFA Lugano Financial Advisors SA boosted its stake in Alphabet by 301.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 522 shares of the information services provider’s stock worth $73,000 after purchasing an additional 392 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Stock Performance

Shares of Alphabet stock opened at $171.95 on Monday. Alphabet Inc. has a one year low of $103.54 and a one year high of $174.71. The company has a market cap of $2.14 trillion, a PE ratio of 26.37, a P/E/G ratio of 1.58 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. The business has a 50-day simple moving average of $147.85 and a 200-day simple moving average of $141.42.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. Alphabet had a return on equity of 30.01% and a net margin of 25.90%. The business had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $70.77 billion. During the same period in the previous year, the company posted $1.05 earnings per share. On average, equities research analysts forecast that Alphabet Inc. will post 6.82 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, June 10th.

Analyst Ratings Changes

Several brokerages have issued reports on GOOGL. Citigroup lifted their target price on shares of Alphabet from $168.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday. Evercore ISI lifted their price target on Alphabet from $160.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday. Sanford C. Bernstein lifted their price target on Alphabet from $165.00 to $180.00 and gave the stock a “market perform” rating in a report on Friday. Mizuho lifted their price target on Alphabet from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Friday. Finally, Wells Fargo & Company lifted their price target on Alphabet from $141.00 to $168.00 and gave the stock an “equal weight” rating in a report on Friday. Five investment 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $187.82.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 660 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $143.59, for a total transaction of $94,769.40. Following the completion of the transaction, the chief accounting officer now directly owns 27,920 shares of the company’s stock, valued at $4,009,032.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director John L. Hennessy sold 2,100 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $175.76, for a total value of $369,096.00. Following the completion of the transaction, the director now directly owns 5,891 shares of the company’s stock, valued at $1,035,402.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 660 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total value of $94,769.40. Following the completion of the transaction, the chief accounting officer now directly owns 27,920 shares of the company’s stock, valued at $4,009,032.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 253,439 shares of company stock valued at $36,746,578. 0.88% of the stock is currently owned by corporate insiders.

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.