Transform Wealth LLC boosts its position in Alphabet Inc. (NASDAQ:GOOGL)

Transform Wealth LLC increased its stake in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 1.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 155,813 shares of the information services provider’s stock after acquiring an additional 2,637 shares during the quarter. Alphabet comprises about 2.1% of Transform Wealth LLC’s holdings, making the stock its 7th biggest holding. Transform Wealth LLC’s holdings in Alphabet were worth $28,381,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in GOOGL. Vermillion & White Wealth Management Group LLC acquired a new stake in Alphabet during the fourth quarter valued at $30,000. Tributary Capital Management LLC bought a new stake in shares of Alphabet in the first quarter worth about $30,000. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Alphabet during the fourth quarter valued at about $38,000. CarsonAllaria Wealth Management Ltd. boosted 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 acquiring an additional 109 shares during the last quarter. Finally, Richardson Capital Management LLC raised its position in Alphabet by 87.5% in the first quarter. Richardson Capital Management LLC now owns 300 shares of the information services provider’s stock worth $45,000 after acquiring an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s shares.

Alphabet stock 0.6%

Shares of Alphabet opened at $161.30 on Friday. The company has a quick ratio of 2.08, a current ratio of 2.08, and a debt-to-equity ratio of 0.04. The company has a market cap of $1.99 trillion, a P/E ratio of 24.74, a PEG ratio of 1.28 and a beta of 1.05. The company’s 50-day moving average price is $176.01 and its 200-day moving average price is $162.21. Alphabet Inc. it has a 52-week low of $120.21 and a 52-week high of $191.75.

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. The company had revenue of $84.74 billion for the quarter, compared to analyst estimates of $70.60 billion. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. In the same period last year, the company earned $1.44 per share. On average, sell-side analysts predict that Alphabet Inc. will post 7.62 EPS for the current fiscal year.

Alphabetical announcement of dividends

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Monday, September 9th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, September 9. This represents an annualized dividend of $0.80 and a yield of 0.50%. Alphabet’s dividend payout ratio (DPR) is 12.27%.

Insiders place their bets

In other news, CAO Amie Thuener O’toole sold 682 shares of the firm’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 sale, the chief accounting officer now owns 29,966 shares in the company, valued at $5,209,888.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this hyperlink. In other 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 transaction of $118,572.52. Following the completion of the sale, the chief accounting officer now directly owns 29,966 shares in the company, valued at $5,209,888.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $176.58, for a total transaction of $3,973,050.00. Following the sale, the chief executive officer now directly owns 2,235,511 shares in the company, valued at $394,746,532.38. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 99,108 shares of company stock worth $17,365,854. 11.55% of shares are currently held by corporate insiders.

The Wall Street analyst weighs in

A number of equities research analysts have issued reports on the company. Rosenblatt Securities restated a “neutral” rating and set a $181.00 price objective on shares of Alphabet in a research report on Wednesday, July 24th. Jefferies Financial Group upped their target price on Alphabet from $215.00 to $220.00 in a report on Tuesday, July 9th. Susquehanna raised their price objective on shares of Alphabet from $170.00 to $225.00 and gave the stock a “positive” rating in a research note on Monday, April 29th. Evercore ISI upped their target price on shares of Alphabet from $220.00 to $225.00 and gave the company an “outperform” rating in a research note on Tuesday, June 11th. Finally, Citigroup lifted their price target on shares of Alphabet from $190.00 to $212.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Six equities research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the stock. Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $203.74, according to MarketBeat.

Get the latest report on GOOGL

Profile of the alphabet

(Free Report)

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, Asia-Pacific, Canada and Latin America. It works through Google services, Google Cloud and other betting segments. The Google Services segment offers products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search and YouTube.

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