Henrickson Nauta Wealth Advisors Inc. Has $280,000 Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Henrickson Nauta Wealth Advisors Inc. raised its holdings in Alphabet Inc. (NASDAQ:GOOG) by 4.8% in the first quarter, Holdings Channel.com reports. The fund owned 1,803 shares of the information services provider’s stock after acquiring an additional 82 shares during the quarter. Henrickson Nauta Wealth Advisors Inc.’s holdings in Alphabet were worth $280,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in GOOG. ARQ Wealth Advisors LLC lifted its stake in shares of Alphabet by 39.3% in the fourth quarter. ARQ Wealth Advisors LLC now owns 4,964 shares of the information services provider’s stock worth $945,000 after buying an additional 1,400 shares during the last quarter. Independence Bank of Kentucky lifted its stake in shares of Alphabet by 10.2% in the first quarter. Independence Bank of Kentucky now owns 14,907 shares of the information services provider’s stock worth $2,329,000 after buying an additional 1,376 shares during the last quarter. Harvest Investment Services LLC lifted its stake in shares of Alphabet by 3.3% in the fourth quarter. Harvest Investment Services LLC now owns 4,329 shares of the information services provider’s stock worth $824,000 after buying an additional 138 shares during the last quarter. North Forty Two & Co. acquired a new stake in shares of Alphabet in the fourth quarter worth $281,000. Finally, Fermata Advisors LLC increased its position in Alphabet by 2.7% during the first quarter. Fermata Advisors LLC now owns 9,771 shares of the information services provider’s stock worth $1,527,000 after acquiring an additional 259 shares during the period. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In other Alphabet news, Director John L. Hennessy sold 200 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $165.53, for a total transaction of $33,106.00. Following the sale, the director now owns 7,813 shares of the company’s stock, valued at $1,293,285.89. This represents a 2.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $168.71, for a total transaction of $5,483,075.00. Following the sale, the chief executive officer now directly owns 2,587,696 shares in the company, valued at approximately $436,570,192.16. This represents a 1.24% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 195,770 shares of company stock valued at $32,036,638. 12.99% of the stock is owned by insiders.

Alphabet Stock Up 1.5%

GOOG opened at $177.63 on Tuesday. The firm’s 50-day simple moving average is $162.26 and its 200-day simple moving average is $176.17. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $208.70. The firm has a market cap of $2.16 trillion, a price-to-earnings ratio of 22.07, a PEG ratio of 1.34 and a beta of 1.01.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.79. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The business had revenue of $90.23 billion for the quarter, compared to analyst estimates of $89.30 billion. During the same quarter in the prior year, the firm earned $1.89 EPS. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. Equities research analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be issued a $0.21 dividend. This is a positive change from Alphabet’s previous quarterly dividend of $0.20. The ex-dividend date is Monday, June 9th. This represents a $0.84 annualized dividend and a dividend yield of 0.47%. Alphabet’s dividend payout ratio is presently 9.36%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on GOOG shares. Rosenblatt Securities raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 25th. UBS Group dropped their target price on shares of Alphabet from $209.00 to $173.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Tigress Financial reaffirmed a “strong-buy” rating on shares of Alphabet in a research report on Friday, May 2nd. KeyCorp dropped their target price on shares of Alphabet from $202.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 9th. Finally, Westpark Capital reaffirmed a “buy” rating and set a $210.00 target price on shares of Alphabet in a research report on Friday, April 25th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and five have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $204.88.

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.