Osprey Private Wealth LLC Has $1.25 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

Osprey Private Wealth LLC increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 13.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,110 shares of the information services provider’s stock after acquiring an additional 950 shares during the period. Osprey Private Wealth LLC’s holdings in Alphabet were worth $1,254,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in GOOGL. Macroview Investment Management LLC increased its holdings in Alphabet by 4.2% in the 4th quarter. Macroview Investment Management LLC now owns 1,293 shares of the information services provider’s stock worth $245,000 after buying an additional 52 shares in the last quarter. Cornerstone Planning Group LLC increased its holdings in Alphabet by 2.3% in the 4th quarter. Cornerstone Planning Group LLC now owns 2,381 shares of the information services provider’s stock worth $457,000 after buying an additional 53 shares in the last quarter. Addison Advisors LLC increased its holdings in Alphabet by 0.7% in the 4th quarter. Addison Advisors LLC now owns 7,527 shares of the information services provider’s stock worth $1,425,000 after buying an additional 53 shares in the last quarter. Burt Wealth Advisors boosted its position in Alphabet by 1.0% in the fourth quarter. Burt Wealth Advisors now owns 5,307 shares of the information services provider’s stock worth $1,005,000 after purchasing an additional 54 shares during the last quarter. Finally, Perritt Capital Management Inc boosted its position in Alphabet by 10.4% in the fourth quarter. Perritt Capital Management Inc now owns 618 shares of the information services provider’s stock worth $117,000 after purchasing an additional 58 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Performance

NASDAQ GOOGL opened at $174.67 on Friday. The company has a market cap of $2.12 trillion, a P/E ratio of 21.70, a P/E/G ratio of 1.34 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The business’s 50 day moving average price is $162.89 and its 200-day moving average price is $174.61. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $207.05.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.79. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The company had revenue of $76.49 billion during the quarter, compared to analysts’ expectations of $89.30 billion. During the same quarter in the previous year, the business earned $1.89 EPS. Sell-side analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.48%. This is a boost from Alphabet’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, June 9th. Alphabet’s dividend payout ratio is currently 9.36%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Oppenheimer raised their target price on Alphabet from $185.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, April 25th. DA Davidson dropped their target price on Alphabet from $200.00 to $160.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. JMP Securities reissued a “market perform” rating on shares of Alphabet in a research report on Wednesday, May 21st. Stifel Nicolaus dropped their target price on Alphabet from $225.00 to $192.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Finally, Truist Financial dropped their target price on Alphabet from $220.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Ten research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $199.75.

Insiders Place Their Bets

In related news, insider John Kent Walker sold 11,764 shares of the company’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $166.84, for a total transaction of $1,962,705.76. Following the completion of the sale, the insider now directly owns 49,037 shares in the company, valued at $8,181,333.08. This represents a 19.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director John L. Hennessy sold 200 shares of the stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $161.90, for a total value of $32,380.00. Following the completion of the sale, the director now owns 7,613 shares of the company’s stock, valued at approximately $1,232,544.70. This trade represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 195,570 shares of company stock worth $32,003,532. 11.64% of the stock is currently owned by company 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.