Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Outlook Wealth Advisors LLC

Outlook Wealth Advisors LLC decreased its position in Alphabet Inc. (NASDAQ:GOOGL) by 2.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,631 shares of the information services provider’s stock after selling 376 shares during the quarter. Outlook Wealth Advisors LLC’s holdings in Alphabet were worth $2,057,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Alphabet during the fourth quarter worth $15,441,917,000. FMR LLC boosted its stake in Alphabet by 5.6% in the 3rd quarter. FMR LLC now owns 227,317,469 shares of the information services provider’s stock worth $29,746,764,000 after buying an additional 12,070,681 shares during the last quarter. Vanguard Group Inc. grew its holdings in Alphabet by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 493,810,251 shares of the information services provider’s stock valued at $68,980,354,000 after buying an additional 6,374,756 shares during the period. Public Employees Retirement Association of Colorado increased its stake in shares of Alphabet by 39,754.9% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 6,025,667 shares of the information services provider’s stock valued at $841,725,000 after acquiring an additional 6,010,548 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of Alphabet by 4,894.1% during the 4th quarter. International Assets Investment Management LLC now owns 5,445,396 shares of the information services provider’s stock worth $7,606,670,000 after acquiring an additional 5,336,359 shares during the period. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Citigroup upped their price objective on Alphabet from $168.00 to $190.00 and gave the stock a “buy” rating in a report on Friday. Needham & Company LLC upped their price target on Alphabet from $160.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday. Wolfe Research lifted their price objective on Alphabet from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday. Barclays increased their target price on shares of Alphabet from $173.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Rosenblatt Securities lifted their price target on shares of Alphabet from $172.00 to $182.00 and gave the company a “buy” rating in a research report on Friday. Five research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $187.82.

Alphabet Stock Performance

Shares of GOOGL traded up $15.95 during mid-day trading on Friday, reaching $171.95. 64,665,299 shares of the company’s stock traded hands, compared to its average volume of 25,802,202. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. The business’s 50-day moving average price is $147.85 and its 200-day moving average price is $141.39. The stock has a market capitalization of $2.14 trillion, a P/E ratio of 26.37, a price-to-earnings-growth ratio of 1.43 and a beta of 1.05. Alphabet Inc. has a 12 month low of $103.54 and a 12 month high of $174.71.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. Alphabet had a return on equity of 30.01% and a net margin of 25.90%. The company had revenue of $86.31 billion for the quarter, compared to analyst estimates of $70.77 billion. During the same period last year, the company earned $1.05 earnings per share. Equities analysts predict that Alphabet Inc. will post 6.79 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.47%. Alphabet’s dividend payout ratio (DPR) is 12.27%.

Insider Buying and Selling at Alphabet

In related news, Director Frances Arnold sold 230 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total transaction of $35,433.80. Following the completion of the transaction, the director now owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Frances Arnold sold 230 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total transaction of $35,433.80. Following the completion of the sale, the director now directly owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 2,100 shares of Alphabet stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $175.76, for a total transaction of $369,096.00. Following the completion of the transaction, the director now owns 5,891 shares in the company, valued at approximately $1,035,402.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 253,439 shares of company stock valued at $36,746,578. 0.88% of the stock is owned by corporate insiders.

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.