Alphabet Inc. (NASDAQ:GOOG) Shares Bought by ARQ Wealth Advisors LLC

ARQ Wealth Advisors LLC raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 3.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,139 shares of the information services provider’s stock after buying an additional 175 shares during the quarter. ARQ Wealth Advisors LLC’s holdings in Alphabet were worth $803,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Principia Wealth Advisory LLC grew its holdings in shares of Alphabet by 111.8% during the first quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider’s stock worth $26,000 after buying an additional 85 shares in the last quarter. MorganRosel Wealth Management LLC purchased a new stake in shares of Alphabet in the first quarter valued at about $26,000. LSV Asset Management purchased a new stake in shares of Alphabet in the fourth quarter valued at about $27,000. Goodman Advisory Group LLC purchased a new stake in shares of Alphabet in the first quarter valued at about $32,000. Finally, WealthTrak Capital Management LLC purchased a new stake in shares of Alphabet in the fourth quarter valued at about $38,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Analyst Ratings Changes

GOOG has been the subject of a number of analyst reports. Oppenheimer reissued an “outperform” rating and issued a $220.00 price objective (up previously from $200.00) on shares of Alphabet in a report on Wednesday, July 9th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $171.00 target price on shares of Alphabet in a research note on Friday, April 25th. BNP Paribas lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 26th. Rosenblatt Securities raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 25th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Alphabet in a research note on Wednesday, July 9th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and five have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $208.40.

Alphabet Stock Performance

Shares of Alphabet stock opened at $185.94 on Friday. The firm’s fifty day simple moving average is $174.02 and its 200-day simple moving average is $174.72. The stock has a market capitalization of $2.26 trillion, a price-to-earnings ratio of 20.73, a PEG ratio of 1.29 and a beta of 1.01. Alphabet Inc. has a 12 month low of $142.66 and a 12 month high of $208.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.77 and a quick ratio of 1.77.

Alphabet (NASDAQ:GOOG) 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 business had revenue of $90.23 billion for the quarter, compared to analysts’ expectations of $89.30 billion. During the same period in the previous year, the company posted $1.89 EPS. The company’s quarterly revenue was up 12.0% on a year-over-year basis. As a group, equities analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Increases Dividend

The company 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 dividend on an annualized basis and a yield of 0.45%. 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 (DPR) is 9.36%.

Insider Activity at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $168.71, for a total transaction of $5,483,075.00. Following the sale, the chief executive officer directly owned 2,587,696 shares in the company, valued at approximately $436,570,192.16. The trade was a 1.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $105,000.00. Following the sale, the director owned 6,813 shares in the company, valued at $1,192,275. The trade was a 8.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 215,843 shares of company stock worth $37,288,490 in the last three months. Insiders own 12.99% of the company’s stock.

Alphabet Profile

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.