Northwest Wealth Management LLC Acquires 91 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Northwest Wealth Management LLC boosted its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,000 shares of the information services provider’s stock after acquiring an additional 91 shares during the quarter. Northwest Wealth Management LLC’s holdings in Alphabet were worth $464,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the company. Anderson Financial Strategies LLC bought a new position in shares of Alphabet in the 4th quarter valued at $49,000. Navigoe LLC bought a new stake in Alphabet in the fourth quarter valued at approximately $51,000. Prudent Man Investment Management Inc. bought a new stake in shares of Alphabet during the 4th quarter valued at about $53,000. Campbell Capital Management Inc. bought a new position in shares of Alphabet during the 4th quarter worth approximately $57,000. Finally, Marshall Investment Management LLC bought a new position in Alphabet during the fourth quarter worth $59,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Wedbush set a $190.00 price target on shares of Alphabet and gave the company an “outperform” rating in a research report on Tuesday, April 15th. Rosenblatt Securities reissued a “neutral” rating and set a $189.00 target price on shares of Alphabet in a research report on Wednesday, May 21st. UBS Group set a $195.00 price target on Alphabet in a report on Friday, April 25th. Truist Financial reiterated a “buy” rating and set a $200.00 target price on shares of Alphabet in a research note on Wednesday. Finally, Jefferies Financial Group lowered their target price on Alphabet from $235.00 to $200.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Ten research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $199.95.

Insider Buying and Selling

In other Alphabet news, Director John L. Hennessy sold 600 shares of the business’s stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total value of $105,000.00. Following the sale, the director directly owned 6,813 shares of the company’s stock, valued at approximately $1,192,275. The trade was a 8.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $178.52, for a total value of $5,801,900.00. Following the completion of the sale, the chief executive officer directly owned 2,559,892 shares in the company, valued at $456,991,919.84. This trade represents a 1.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 215,643 shares of company stock valued at $36,330,928 over the last quarter. Corporate insiders own 11.64% of the company’s stock.

Alphabet Trading Up 0.2%

NASDAQ GOOGL opened at $179.08 on Friday. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $207.05. The firm has a market capitalization of $2.17 trillion, a PE ratio of 19.96, a P/E/G ratio of 1.26 and a beta of 1.00. The stock’s 50 day moving average is $168.70 and its 200 day moving average is $173.87.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.79. Alphabet had a net margin of 30.86% and a return on equity of 34.54%. The firm had revenue of $76.49 billion for the quarter, compared to analysts’ expectations of $89.30 billion. During the same quarter in the previous year, the business posted $1.89 EPS. Research analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 9th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, June 9th. This represents a $0.84 annualized dividend and a yield of 0.47%. This is a positive change from Alphabet’s previous quarterly dividend of $0.20. Alphabet’s payout ratio is presently 9.36%.

About Alphabet

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.