Motive Wealth Advisors Acquires 1,254 Shares of Alphabet Inc. (NASDAQ:GOOG)

Motive Wealth Advisors lifted its holdings in Alphabet Inc. (NASDAQ:GOOG) by 49.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,795 shares of the information services provider’s stock after acquiring an additional 1,254 shares during the period. Motive Wealth Advisors’ holdings in Alphabet were worth $578,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Bruce G. Allen Investments LLC bought a new position in shares of Alphabet in the 4th quarter valued at about $26,000. Partnership Wealth Management LLC bought a new stake in Alphabet in the fourth quarter worth about $26,000. Equitec Proprietary Markets LLC bought a new stake in Alphabet in the fourth quarter worth about $28,000. DiNuzzo Private Wealth Inc. bought a new stake in Alphabet in the fourth quarter worth about $32,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new stake in Alphabet in the fourth quarter worth about $34,000. Institutional investors own 27.26% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $157.41, for a total transaction of $3,541,725.00. Following the completion of the transaction, the chief executive officer now owns 2,303,011 shares of the company’s stock, valued at $362,516,961.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $183.47, for a total transaction of $125,126.54. Following the sale, the chief accounting officer now directly owns 30,650 shares of the company’s stock, valued at $5,623,355.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $157.41, for a total transaction of $3,541,725.00. Following the completion of the sale, the chief executive officer now directly owns 2,303,011 shares in the company, valued at approximately $362,516,961.51. The disclosure for this sale can be found here. Over the last quarter, insiders sold 145,488 shares of company stock worth $25,217,405. Insiders own 12.99% of the company’s stock.

Analyst Upgrades and Downgrades

GOOG has been the topic of a number of research reports. Rosenblatt Securities lowered shares of Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 target price on the stock. in a research report on Friday, June 28th. Oppenheimer lifted their price objective on shares of Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Stifel Nicolaus lifted their price objective on shares of Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Morgan Stanley restated an “overweight” rating and set a $165.00 target price on shares of Alphabet in a research report on Thursday, April 11th. Finally, TD Cowen lifted their price objective on shares of Alphabet from $200.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $174.38.

Alphabet Stock Performance

Shares of GOOG stock traded down $0.52 during mid-day trading on Friday, hitting $186.78. The stock had a trading volume of 14,432,879 shares, compared to its average volume of 20,708,404. The firm has a market cap of $2.31 trillion, a PE ratio of 28.65, a PEG ratio of 1.45 and a beta of 1.05. The company’s 50-day simple moving average is $179.19 and its 200-day simple moving average is $159.06. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.15. Alphabet Inc. has a fifty-two week low of $118.68 and a fifty-two week high of $193.31.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.38. The firm had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $78.75 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The firm’s revenue was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.17 earnings per share. Sell-side analysts anticipate that Alphabet Inc. will post 7.6 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently disclosed a — dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 10th were issued a dividend of $0.20 per share. The ex-dividend date was Monday, June 10th. Alphabet’s dividend payout ratio is currently 12.27%.

Alphabet Company 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.