Dominguez Wealth Management Solutions Inc. Purchases 505 Shares of Alphabet Inc. $GOOGL

Dominguez Wealth Management Solutions Inc. lifted its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 33.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,019 shares of the information services provider’s stock after purchasing an additional 505 shares during the quarter. Dominguez Wealth Management Solutions Inc.’s holdings in Alphabet were worth $356,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in GOOGL. Guardian Wealth Management Inc. raised its stake in Alphabet by 242.9% during the first quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider’s stock valued at $26,000 after buying an additional 119 shares during the last quarter. von Borstel & Associates Inc. purchased a new position in Alphabet during the first quarter valued at $28,000. IMA Advisory Services Inc. purchased a new position in Alphabet during the first quarter valued at $28,000. NBZ Investment Advisors LLC raised its stake in Alphabet by 85.7% during the first quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider’s stock valued at $30,000 after buying an additional 90 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. purchased a new position in Alphabet during the first quarter valued at $39,000. 40.03% of the stock is currently owned by institutional investors.

Insider Transactions at Alphabet

In related news, Director John L. Hennessy sold 600 shares of Alphabet stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $203.79, for a total value of $122,274.00. Following the completion of the sale, the director owned 6,316 shares of the company’s stock, valued at $1,287,137.64. The trade was a 8.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kavitark Ram Shriram sold 15,000 shares of the business’s stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $185.76, for a total value of $2,786,400.00. Following the sale, the director directly owned 240,400 shares of the company’s stock, valued at $44,656,704. This represents a 5.87% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 254,710 shares of company stock worth $49,208,380. 11.64% of the stock is currently owned by insiders.

Alphabet Stock Performance

Shares of GOOGL opened at $240.80 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. Alphabet Inc. has a one year low of $140.53 and a one year high of $242.25. The firm has a market capitalization of $2.91 trillion, a P/E ratio of 25.64, a PEG ratio of 1.62 and a beta of 1.01. The business has a fifty day moving average of $201.89 and a 200 day moving average of $177.51.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, topping the consensus estimate of $2.15 by $0.16. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.The company had revenue of $96.43 billion during the quarter, compared to analyst estimates of $93.60 billion. As a group, sell-side analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 8th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Monday, September 8th. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. Alphabet’s payout ratio is presently 8.95%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Oppenheimer reiterated an “outperform” rating and set a $270.00 price objective (up previously from $235.00) on shares of Alphabet in a research note on Tuesday, September 2nd. Tigress Financial lifted their price objective on Alphabet from $240.00 to $280.00 and gave the company a “strong-buy” rating in a research note on Friday, September 5th. Wells Fargo & Company lifted their target price on Alphabet from $184.00 to $187.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. KeyCorp lifted their target price on Alphabet from $230.00 to $265.00 and gave the stock an “overweight” rating in a report on Wednesday, September 3rd. Finally, UBS Group lifted their target price on Alphabet from $192.00 to $202.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $221.44.

Alphabet 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.