Realta Investment Advisors Purchases 886 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Realta Investment Advisors increased its stake in Alphabet Inc. (NASDAQ:GOOGL) by 7.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,218 shares of the information services provider’s stock after purchasing an additional 886 shares during the period. Alphabet makes up 0.9% of Realta Investment Advisors’ holdings, making the stock its 27th biggest holding. Realta Investment Advisors’ holdings in Alphabet were worth $1,889,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Harbour Trust & Investment Management Co grew its position in Alphabet by 0.3% in the first quarter. Harbour Trust & Investment Management Co now owns 27,075 shares of the information services provider’s stock valued at $4,187,000 after acquiring an additional 80 shares during the last quarter. Rockbridge Capital Management LLC acquired a new stake in shares of Alphabet during the fourth quarter valued at about $3,119,000. Cypress Capital LLC boosted its stake in shares of Alphabet by 4.1% during the first quarter. Cypress Capital LLC now owns 14,310 shares of the information services provider’s stock valued at $2,213,000 after purchasing an additional 563 shares in the last quarter. Optivise Advisory Services LLC boosted its stake in shares of Alphabet by 8.0% during the fourth quarter. Optivise Advisory Services LLC now owns 5,464 shares of the information services provider’s stock valued at $1,035,000 after purchasing an additional 403 shares in the last quarter. Finally, Community Bank N.A. lifted its stake in shares of Alphabet by 6.4% in the fourth quarter. Community Bank N.A. now owns 46,173 shares of the information services provider’s stock worth $8,741,000 after acquiring an additional 2,790 shares during the period. Institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling

In related news, Director John L. Hennessy sold 400 shares of the business’s stock in a transaction on Monday, July 14th. The stock was sold at an average price of $181.98, for a total transaction of $72,792.00. Following the transaction, the director directly owned 6,013 shares in the company, valued at $1,094,245.74. The trade was a 6.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $184.38, for a total value of $5,992,350.00. Following the transaction, the chief executive officer owned 2,527,392 shares in the company, valued at approximately $466,000,536.96. This trade represents a 1.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 215,843 shares of company stock valued at $37,288,490. Insiders own 11.64% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on GOOGL shares. DA Davidson dropped their price target on Alphabet from $200.00 to $160.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Citigroup reissued a “buy” rating and set a $203.00 target price (up from $200.00) on shares of Alphabet in a research report on Tuesday, June 24th. JMP Securities raised shares of Alphabet from a “market perform” rating to a “market outperform” rating and set a $220.00 target price for the company in a research report on Friday, June 27th. Truist Financial reissued a “buy” rating and set a $200.00 target price on shares of Alphabet in a research report on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. lowered their price target on Alphabet from $220.00 to $180.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Ten equities research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $201.68.

Alphabet Stock Up 0.8%

Shares of GOOGL opened at $185.06 on Friday. The business’s 50 day moving average is $172.90 and its 200 day moving average is $173.01. The company has a market capitalization of $2.25 trillion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 1.30 and a beta of 1.00. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $207.05. 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 (NASDAQ:GOOGL) last released its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.79. The business had revenue of $76.49 billion during the quarter, compared to analysts’ expectations of $89.30 billion. Alphabet had a return on equity of 34.54% and a net margin of 30.86%. During the same quarter last year, the business posted $1.89 EPS. Research analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm also recently declared 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. This is a positive change from Alphabet’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date was Monday, June 9th. Alphabet’s dividend payout ratio (DPR) is currently 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.