Benchmark Financial Wealth Advisors LLC Has $1.94 Million Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Benchmark Financial Wealth Advisors LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 1.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,829 shares of the information services provider’s stock after purchasing an additional 242 shares during the period. Alphabet makes up 0.7% of Benchmark Financial Wealth Advisors LLC’s investment portfolio, making the stock its 21st biggest holding. Benchmark Financial Wealth Advisors LLC’s holdings in Alphabet were worth $1,936,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in GOOGL. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Alphabet during the fourth quarter worth about $30,000. Tributary Capital Management LLC bought a new stake in shares of Alphabet during the first quarter worth about $30,000. DiNuzzo Private Wealth Inc. bought a new stake in shares of Alphabet during the fourth quarter worth about $38,000. Richardson Capital Management LLC increased its position in shares of Alphabet by 87.5% during the first quarter. Richardson Capital Management LLC now owns 300 shares of the information services provider’s stock worth $45,000 after acquiring an additional 140 shares in the last quarter. Finally, Armor Investment Advisors LLC increased its position in shares of Alphabet by 31.0% during the fourth quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock worth $47,000 after acquiring an additional 80 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Trading Down 0.0 %

Shares of GOOGL opened at $188.98 on Wednesday. The firm’s 50-day moving average price is $176.41 and its 200-day moving average price is $156.91. The firm has a market capitalization of $2.34 trillion, a price-to-earnings ratio of 28.98, a PEG ratio of 1.43 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 1-year low of $115.35 and a 1-year high of $191.36.

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

Alphabet Announces Dividend

The firm 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. The ex-dividend date of this dividend was Monday, June 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.42%. Alphabet’s dividend payout ratio (DPR) is currently 12.27%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. BMO Capital Markets reaffirmed an “outperform” rating and issued a $215.00 price objective on shares of Alphabet in a research report on Wednesday, May 15th. Tigress Financial upped their price objective on shares of Alphabet from $176.00 to $210.00 and gave the stock a “strong-buy” rating in a research report on Friday, May 24th. Jefferies Financial Group upped their price objective on shares of Alphabet from $215.00 to $220.00 in a research report on Tuesday. Canaccord Genuity Group upped their price objective on shares of Alphabet from $190.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, UBS Group upped their price objective on shares of Alphabet from $150.00 to $166.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Six research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and a consensus price target of $194.34.

View Our Latest Analysis on GOOGL

Insider Activity at Alphabet

In related news, Director John L. Hennessy sold 800 shares of Alphabet stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $159.56, for a total transaction of $127,648.00. Following the completion of the transaction, the director now directly 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 SEC, which is available at this hyperlink. In related news, Director John L. Hennessy sold 800 shares of Alphabet stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $159.56, for a total transaction of $127,648.00. Following the completion of the transaction, the director now directly 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 SEC, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $183.47, for a total transaction of $125,126.54. Following the transaction, the chief accounting officer now directly owns 30,650 shares of the company’s stock, valued at $5,623,355.50. The disclosure for this sale can be found here. Insiders sold a total of 123,788 shares of company stock valued at $21,143,403 in the last three months. Company insiders own 11.55% of the company’s stock.

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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