Hubbell Strickland Wealth Management LLC Invests $202,000 in Alphabet Inc. (NASDAQ:GOOGL)

Hubbell Strickland Wealth Management LLC acquired a new position in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,337 shares of the information services provider’s stock, valued at approximately $202,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GOOGL. Chico Wealth RIA grew its holdings in Alphabet by 34.2% during the first quarter. Chico Wealth RIA now owns 3,383 shares of the information services provider’s stock valued at $511,000 after purchasing an additional 862 shares during the period. Kowal Investment Group LLC increased its position in shares of Alphabet by 19.2% in the 1st quarter. Kowal Investment Group LLC now owns 14,859 shares of the information services provider’s stock valued at $2,243,000 after buying an additional 2,398 shares in the last quarter. Horizon Wealth Management LLC raised its stake in Alphabet by 14.8% during the 1st quarter. Horizon Wealth Management LLC now owns 3,692 shares of the information services provider’s stock worth $557,000 after buying an additional 475 shares during the period. BKM Wealth Management LLC lifted its holdings in Alphabet by 32.3% during the first quarter. BKM Wealth Management LLC now owns 1,693 shares of the information services provider’s stock worth $256,000 after acquiring an additional 413 shares in the last quarter. Finally, Diversified Trust Co grew its stake in Alphabet by 10.4% in the first quarter. Diversified Trust Co now owns 195,594 shares of the information services provider’s stock valued at $29,521,000 after acquiring an additional 18,426 shares during the period. Institutional investors own 40.03% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. UBS Group upped their price target on shares of Alphabet from $150.00 to $166.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Oppenheimer increased their target price on Alphabet from $185.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Citigroup boosted their price target on Alphabet from $168.00 to $190.00 and gave the company a “buy” rating in a report on Friday, April 26th. Loop Capital reissued a “hold” rating and issued a $170.00 target price on shares of Alphabet in a research report on Wednesday. Finally, Piper Sandler restated an “overweight” rating and issued a $200.00 target price (up previously from $160.00) on shares of Alphabet in a research note on Friday, April 26th. Six investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and a consensus target price of $193.66.

Check Out Our Latest Report on GOOGL

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $157.41, for a total transaction of $3,541,725.00. Following the transaction, the chief executive officer now owns 2,303,011 shares in the company, valued at approximately $362,516,961.51. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $183.47, for a total transaction of $125,126.54. Following the completion of the sale, the chief accounting officer now owns 30,650 shares of the company’s stock, valued at approximately $5,623,355.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $157.41, for a total transaction of $3,541,725.00. Following the sale, the chief executive officer now owns 2,303,011 shares in the company, valued at approximately $362,516,961.51. The disclosure for this sale can be found here. Insiders sold 123,788 shares of company stock valued at $21,143,403 in the last quarter. Company insiders own 11.55% of the company’s stock.

Alphabet Price Performance

Alphabet stock opened at $185.82 on Friday. The company has a market capitalization of $2.30 trillion, a price-to-earnings ratio of 28.50, a PEG ratio of 1.39 and a beta of 1.05. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 12 month low of $115.35 and a 12 month high of $186.09. The stock’s 50 day moving average is $174.46 and its 200-day moving average is $155.39.

Alphabet (NASDAQ:GOOGLGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The firm had revenue of $80.54 billion for the quarter, compared to analyst estimates of $66.04 billion. During the same period in the prior year, the firm posted $1.17 EPS. Equities research analysts expect that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend was Monday, June 10th. Alphabet’s dividend payout ratio (DPR) is 12.27%.

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.

Further Reading

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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