DiNuzzo Private Wealth Inc. Buys Shares of 271 Alphabet Inc. (NASDAQ:GOOGL)

DiNuzzo Private Wealth Inc. purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOGL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 271 shares of the information services provider’s stock, valued at approximately $38,000.

Several other institutional investors have also modified their holdings of the company. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. grew its holdings in Alphabet by 2.0% in the 4th quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 7,941 shares of the information services provider’s stock worth $1,109,000 after buying an additional 154 shares in the last quarter. ICW Investment Advisors LLC grew its stake in shares of Alphabet by 3.8% in the fourth quarter. ICW Investment Advisors LLC now owns 12,527 shares of the information services provider’s stock worth $1,750,000 after purchasing an additional 453 shares in the last quarter. Berry Wealth Group LP bought a new position in shares of Alphabet in the fourth quarter worth $637,000. Global Wealth Management Investment Advisory Inc. increased its holdings in shares of Alphabet by 1.6% during the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 23,718 shares of the information services provider’s stock valued at $3,313,000 after purchasing an additional 372 shares during the period. Finally, One Day In July LLC lifted its holdings in Alphabet by 21.7% in the fourth quarter. One Day In July LLC now owns 6,818 shares of the information services provider’s stock worth $952,000 after purchasing an additional 1,217 shares during the period. Institutional investors own 40.03% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Needham & Company LLC raised their target price on shares of Alphabet from $160.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Mizuho boosted their target price on Alphabet from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, April 26th. UBS Group increased their price target on Alphabet from $150.00 to $166.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Wedbush lifted their target price on shares of Alphabet from $175.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Finally, Evercore ISI upped their price target on shares of Alphabet from $160.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Five equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $190.60.

Insider Transactions at Alphabet

In other news, SVP Prabhakar Raghavan sold 3,258 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $155.97, for a total value of $508,150.26. Following the completion of the sale, the senior vice president now directly owns 144,685 shares of the company’s stock, valued at $22,566,519.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $166.80, for a total value of $3,753,000.00. Following the completion of the transaction, the chief executive officer now owns 2,280,511 shares of the company’s stock, valued at approximately $380,389,234.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Prabhakar Raghavan sold 3,258 shares of Alphabet stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $155.97, for a total value of $508,150.26. Following the sale, the senior vice president now directly owns 144,685 shares in the company, valued at approximately $22,566,519.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 252,629 shares of company stock worth $37,091,240. Company insiders own 0.88% of the company’s stock.

Alphabet Stock Up 0.3 %

Shares of GOOGL stock opened at $169.96 on Friday. The stock’s 50 day simple moving average is $152.06 and its 200 day simple moving average is $143.01. Alphabet Inc. has a twelve month low of $107.93 and a twelve month high of $174.71. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15. The company has a market capitalization of $2.10 trillion, a price-to-earnings ratio of 26.07, a PEG ratio of 1.28 and a beta of 1.02.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.49 by $0.40. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The company had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $66.04 billion. During the same quarter last year, the company posted $1.17 earnings per share. As a group, research analysts predict that Alphabet Inc. will post 7.57 EPS for the current year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend is Monday, June 10th. Alphabet’s dividend payout ratio (DPR) is 12.27%.

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.