Apella Capital LLC Buys 393 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Apella Capital LLC boosted its position in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 5.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,640 shares of the information services provider’s stock after buying an additional 393 shares during the quarter. Apella Capital LLC’s holdings in Alphabet were worth $1,444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Joseph P. Lucia & Associates LLC boosted its stake in shares of Alphabet by 1.0% during the 1st quarter. Joseph P. Lucia & Associates LLC now owns 6,624 shares of the information services provider’s stock valued at $1,000,000 after purchasing an additional 64 shares in the last quarter. M. Kraus & Co lifted its holdings in Alphabet by 1.1% in the first quarter. M. Kraus & Co now owns 6,267 shares of the information services provider’s stock worth $946,000 after buying an additional 66 shares during the period. Wynn Capital LLC boosted its position in Alphabet by 3.9% during the 1st quarter. Wynn Capital LLC now owns 1,767 shares of the information services provider’s stock valued at $267,000 after acquiring an additional 67 shares in the last quarter. Aire Advisors LLC grew its holdings in shares of Alphabet by 0.6% during the 4th quarter. Aire Advisors LLC now owns 11,772 shares of the information services provider’s stock worth $1,645,000 after acquiring an additional 68 shares during the period. Finally, Henrickson Nauta Wealth Advisors Inc. grew its stake in Alphabet by 2.1% in the first quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,274 shares of the information services provider’s stock worth $511,000 after purchasing an additional 68 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on GOOGL shares. Oppenheimer raised their price objective on Alphabet from $185.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Mizuho boosted their price target on Alphabet from $205.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Canaccord Genuity Group increased their price objective on Alphabet from $190.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. lifted their price objective on Alphabet from $200.00 to $208.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Finally, Needham & Company LLC restated a “buy” rating and set a $210.00 target price on shares of Alphabet in a research note on Tuesday. Six research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $203.74.

Read Our Latest Stock Analysis on GOOGL

Insider Activity

In other news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $173.22, for a total value of $3,897,450.00. Following the completion of the transaction, the chief executive officer now owns 2,258,011 shares of the company’s stock, valued at approximately $391,132,665.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Alphabet news, Director John L. Hennessy sold 1,500 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $168.08, for a total transaction of $252,120.00. Following the transaction, the director now owns 4,391 shares in the company, valued at $738,039.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $173.22, for a total transaction of $3,897,450.00. Following the transaction, the chief executive officer now directly owns 2,258,011 shares in the company, valued at $391,132,665.42. The disclosure for this sale can be found here. Insiders have sold 122,308 shares of company stock valued at $21,385,000 in the last ninety days. Insiders own 11.55% of the company’s stock.

Alphabet Stock Performance

GOOGL stock opened at $162.03 on Friday. The firm has a 50-day simple moving average of $177.20 and a two-hundred day simple moving average of $161.75. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08. Alphabet Inc. has a one year low of $120.21 and a one year high of $191.75. The firm has a market cap of $2.00 trillion, a price-to-earnings ratio of 24.85, a PEG ratio of 1.28 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL – Get Free Report) last released its quarterly earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.04. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The business had revenue of $84.74 billion for the quarter, compared to analyst estimates of $70.60 billion. During the same period in the previous year, the company earned $1.44 earnings per share. On average, equities analysts forecast that Alphabet Inc. will post 7.62 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, September 9th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Monday, September 9th. Alphabet’s payout ratio is 12.27%.

Alphabet 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.

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