1,641 Shares in Alphabet Inc. (NASDAQ:GOOGL) Purchased by TradeWell Securities LLC.

TradeWell Securities LLC. acquired a new position in Alphabet Inc. (NASDAQ:GOOGL) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,641 shares of the information services provider’s stock, valued at approximately $254,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. von Borstel & Associates Inc. bought a new position in shares of Alphabet during the 1st quarter worth $28,000. Anderson Financial Strategies LLC bought a new position in Alphabet during the fourth quarter worth about $49,000. Navigoe LLC purchased a new position in shares of Alphabet in the fourth quarter worth about $51,000. Elite Financial Inc. bought a new stake in shares of Alphabet in the first quarter valued at approximately $42,000. Finally, Prudent Man Investment Management Inc. purchased a new stake in shares of Alphabet during the 4th quarter valued at approximately $53,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insiders Place Their Bets

In other news, Director John L. Hennessy sold 600 shares of the 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 in the company, valued at approximately $1,192,275. This trade represents a 8.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kavitark Ram Shriram sold 9,000 shares of Alphabet stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total value of $1,575,000.00. Following the completion of the transaction, the director owned 255,400 shares of the company’s stock, valued at $44,695,000. The trade was a 3.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 182,943 shares of company stock valued at $31,223,348 over the last quarter. 11.55% of the stock is owned by insiders.

Alphabet Trading Up 0.2%

Shares of Alphabet stock opened at $182.00 on Wednesday. The company has a current ratio of 1.77, a quick 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 $2.21 trillion, a PE ratio of 20.29, a P/E/G ratio of 1.27 and a beta of 1.00. The firm’s 50-day moving average price is $171.04 and its 200 day moving average price is $173.13.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data 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. The company had revenue of $76.49 billion during the quarter, compared to the consensus estimate of $89.30 billion. Alphabet had a net margin of 30.86% and a return on equity of 34.54%. During the same quarter in the prior year, the firm earned $1.89 EPS. On average, sell-side analysts predict that Alphabet Inc. will post 8.9 EPS 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 given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.46%. This is a positive change from Alphabet’s previous quarterly dividend of $0.20. The ex-dividend date was Monday, June 9th. Alphabet’s dividend payout ratio is presently 9.36%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on GOOGL shares. BNP Paribas Exane reiterated a “neutral” rating and issued a $172.00 price objective on shares of Alphabet in a research report on Friday, June 27th. Citigroup reissued a “buy” rating and set a $203.00 price objective (up previously from $200.00) on shares of Alphabet in a report on Tuesday, June 24th. KeyCorp raised their target price on shares of Alphabet from $185.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, April 25th. Wedbush set a $190.00 price target on shares of Alphabet and gave the stock an “outperform” rating in a research note on Tuesday, April 15th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Alphabet from $220.00 to $180.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus price target of $199.82.

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.