McIlrath & Eck LLC Has $1.49 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

McIlrath & Eck LLC reduced its stake in Alphabet Inc. (NASDAQ:GOOGL) by 3.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 10,694 shares of the information services provider’s stock after selling 359 shares during the quarter. McIlrath & Eck LLC’s holdings in Alphabet were worth $1,494,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. RWQ Financial Management Services Inc. lifted its position in shares of Alphabet by 8.2% during the 4th quarter. RWQ Financial Management Services Inc. now owns 61,499 shares of the information services provider’s stock worth $8,591,000 after purchasing an additional 4,664 shares during the last quarter. Robbins Farley lifted its holdings in shares of Alphabet by 0.8% during the fourth quarter. Robbins Farley now owns 15,006 shares of the information services provider’s stock worth $2,096,000 after buying an additional 118 shares during the last quarter. Quantum Financial Advisors LLC boosted its position in shares of Alphabet by 8.0% in the third quarter. Quantum Financial Advisors LLC now owns 7,623 shares of the information services provider’s stock valued at $998,000 after acquiring an additional 564 shares during the period. Colton Groome Financial Advisors LLC grew its stake in shares of Alphabet by 3.8% in the fourth quarter. Colton Groome Financial Advisors LLC now owns 2,700 shares of the information services provider’s stock worth $377,000 after acquiring an additional 100 shares during the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of Alphabet by 2.4% in the third quarter. Acadian Asset Management LLC now owns 4,416,533 shares of the information services provider’s stock worth $577,908,000 after acquiring an additional 104,366 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Performance

GOOGL stock opened at $169.96 on Friday. The stock has a market capitalization of $2.10 trillion, a PE ratio of 26.07, a price-to-earnings-growth ratio of 1.28 and a beta of 1.02. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.15. The company has a 50 day moving average price of $152.06 and a 200 day moving average price of $143.01. Alphabet Inc. has a fifty-two week low of $107.93 and a fifty-two week high of $174.71.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share (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 business had revenue of $80.54 billion for the quarter, compared to analysts’ expectations of $66.04 billion. During the same quarter last year, the business earned $1.17 earnings per share. Analysts forecast that Alphabet Inc. will post 7.57 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.47%. The ex-dividend date is Monday, June 10th. Alphabet’s payout ratio is 12.27%.

Insider Activity at Alphabet

In related news, CFO Ruth Porat sold 48,077 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $137.22, for a total transaction of $6,597,125.94. Following the completion of the transaction, the chief financial officer now owns 1,777,106 shares in the company, valued at $243,854,485.32. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director John L. Hennessy sold 2,100 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $175.76, for a total transaction of $369,096.00. Following the sale, the director now owns 5,891 shares of the company’s stock, valued at $1,035,402.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Ruth Porat sold 48,077 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $137.22, for a total value of $6,597,125.94. Following the completion of the transaction, the chief financial officer now owns 1,777,106 shares of the company’s stock, valued at $243,854,485.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 252,629 shares of company stock worth $37,091,240. 0.88% of the stock is owned by insiders.

Analyst Ratings Changes

GOOGL has been the subject of a number of research reports. Stifel Nicolaus increased their price target on shares of Alphabet from $174.00 to $196.00 and gave the company a “buy” rating in a report on Friday, April 26th. JMP Securities lifted their target price on Alphabet from $160.00 to $200.00 and gave the stock a “market outperform” rating in a research report on Friday, April 26th. Wolfe Research upped their price target on Alphabet from $180.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Raymond James raised their price objective on Alphabet from $160.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Finally, Mizuho boosted their price objective on Alphabet from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Five analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and an average price target of $190.60.

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.