Francis Financial Inc. Buys 907 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Francis Financial Inc. grew its stake in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 9.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,227 shares of the information services provider’s stock after buying an additional 907 shares during the quarter. Alphabet makes up 0.5% of Francis Financial Inc.’s portfolio, making the stock its 24th biggest holding. Francis Financial Inc.’s holdings in Alphabet were worth $1,544,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. M. Kraus & Co lifted its position in shares of Alphabet by 1.1% during the first quarter. M. Kraus & Co now owns 6,267 shares of the information services provider’s stock worth $946,000 after purchasing an additional 66 shares during the last quarter. Wynn Capital LLC lifted its holdings in Alphabet by 3.9% during the 1st quarter. Wynn Capital LLC now owns 1,767 shares of the information services provider’s stock valued at $267,000 after buying an additional 67 shares in the last quarter. Aire Advisors LLC boosted its position in Alphabet by 0.6% in the 4th quarter. Aire Advisors LLC now owns 11,772 shares of the information services provider’s stock valued at $1,645,000 after buying an additional 68 shares during the period. Henrickson Nauta Wealth Advisors Inc. grew its stake in Alphabet by 2.1% in the 1st quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,274 shares of the information services provider’s stock worth $511,000 after acquiring an additional 68 shares in the last quarter. Finally, Defined Wealth Management LLC increased its position in shares of Alphabet by 2.9% during the fourth quarter. Defined Wealth Management LLC now owns 2,531 shares of the information services provider’s stock worth $354,000 after acquiring an additional 71 shares during the period. Institutional investors own 40.03% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Bank of America reiterated a “buy” rating and issued a $200.00 price target on shares of Alphabet in a report on Tuesday, June 11th. Wedbush increased their price target on Alphabet from $175.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Royal Bank of Canada lifted their price objective on Alphabet from $155.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, April 26th. UBS Group increased their target price on shares of Alphabet from $150.00 to $166.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Finally, Tigress Financial raised their target price on shares of Alphabet from $176.00 to $210.00 and gave the company a “strong-buy” rating in a research report on Friday, May 24th. Six analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $193.66.

Read Our Latest Analysis on GOOGL

Alphabet Stock Up 0.3 %

GOOGL stock opened at $185.82 on Thursday. 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 firm’s fifty day simple moving average is $173.92 and its 200-day simple moving average is $155.17. Alphabet Inc. has a 12 month low of $115.35 and a 12 month high of $186.09. The company has a market capitalization of $2.30 trillion, a P/E ratio of 28.50, a price-to-earnings-growth ratio of 1.37 and a beta of 1.05.

Alphabet (NASDAQ:GOOGLGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.40. The company had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $66.04 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. During the same period last year, the firm earned $1.17 EPS. As a group, equities research analysts forecast that Alphabet Inc. will post 7.6 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 10th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.43%. The ex-dividend date was Monday, June 10th. Alphabet’s dividend payout ratio is currently 12.27%.

Insider Buying and Selling at Alphabet

In other news, Director John L. Hennessy sold 800 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $159.56, for a total transaction of $127,648.00. Following the sale, the director now owns 7,991 shares of the company’s stock, valued at approximately $1,275,043.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $183.47, for a total value of $125,126.54. Following the completion of the transaction, the chief accounting officer now owns 30,650 shares of the company’s stock, valued at $5,623,355.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John L. Hennessy sold 800 shares of the stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $159.56, for a total transaction of $127,648.00. Following the sale, the director now directly owns 7,991 shares in the company, valued at $1,275,043.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 123,788 shares of company stock valued at $21,143,403. 11.55% of the stock is owned by company insiders.

Alphabet Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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