MPS Loria Financial Planners LLC Has $1.47 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

MPS Loria Financial Planners LLC raised its position in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 2.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,064 shares of the information services provider’s stock after buying an additional 216 shares during the period. Alphabet comprises 0.5% of MPS Loria Financial Planners LLC’s portfolio, making the stock its 18th largest position. MPS Loria Financial Planners LLC’s holdings in Alphabet were worth $1,469,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of GOOGL. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Alphabet in the fourth quarter valued at approximately $30,000. Tributary Capital Management LLC acquired a new stake in shares of Alphabet in the first quarter valued at approximately $30,000. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Alphabet in the fourth quarter valued at approximately $38,000. CarsonAllaria Wealth Management Ltd. increased its holdings in shares of Alphabet by 59.2% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 293 shares of the information services provider’s stock valued at $44,000 after purchasing an additional 109 shares in the last quarter. Finally, Richardson Capital Management LLC increased its holdings in shares of Alphabet by 87.5% in the first quarter. Richardson Capital Management LLC now owns 300 shares of the information services provider’s stock valued at $45,000 after purchasing an additional 140 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on GOOGL shares. Wedbush reissued an “outperform” rating and issued a $205.00 price target on shares of Alphabet in a report on Monday, July 22nd. Roth Mkm raised their price objective on shares of Alphabet from $202.00 to $206.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Guggenheim raised their price objective on shares of Alphabet from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $222.00 price objective on shares of Alphabet in a research note on Tuesday. Finally, Argus raised their price objective on shares of Alphabet from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Six equities research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus target price of $203.74.

View Our Latest Stock Report on Alphabet

Alphabet Stock Up 1.0 %

GOOGL traded up $1.64 during trading on Friday, hitting $163.67. The company had a trading volume of 28,602,285 shares, compared to its average volume of 28,282,494. The company has a market capitalization of $2.02 trillion, a PE ratio of 25.10, a PEG ratio of 1.28 and a beta of 1.05. Alphabet Inc. has a one year low of $120.21 and a one year high of $191.75. The firm’s 50-day moving average price is $177.03 and its 200 day moving average price is $161.88. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOGL – Get Free Report) last posted its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 EPS for the quarter, beating 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 analysts’ expectations of $70.60 billion. During the same period in the previous year, the firm posted $1.44 EPS. As a group, equities analysts expect that Alphabet Inc. will post 7.62 earnings per share for the current year.

Alphabet Announces Dividend

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

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $173.86, for a total value of $118,572.52. Following the sale, the chief accounting officer now directly owns 29,966 shares in the company, valued at approximately $5,209,888.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $173.86, for a total transaction of $118,572.52. Following the transaction, the chief accounting officer now directly owns 29,966 shares in the company, valued at approximately $5,209,888.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction dated 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 disclosure for this sale can be found here. In the last three months, insiders have sold 122,308 shares of company stock worth $21,385,000. Insiders own 11.55% of the company’s stock.

Alphabet Company 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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