Midwest Professional Planners LTD. Purchases 3,100 Shares of Alphabet Inc. (NASDAQ:GOOG)

Midwest Professional Planners LTD. raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 66.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,737 shares of the information services provider’s stock after buying an additional 3,100 shares during the period. Midwest Professional Planners LTD.’s holdings in Alphabet were worth $1,178,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of GOOG. Bruce G. Allen Investments LLC bought a new stake in shares of Alphabet in the fourth quarter valued at about $26,000. Partnership Wealth Management LLC purchased a new position in shares of Alphabet in the 4th quarter valued at $26,000. Equitec Proprietary Markets LLC purchased a new position in shares of Alphabet in the 4th quarter valued at $28,000. DiNuzzo Private Wealth Inc. bought a new position in shares of Alphabet in the 4th quarter worth $32,000. Finally, Pacific Capital Wealth Advisors Inc. purchased a new stake in shares of Alphabet during the 4th quarter worth $34,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet Stock Performance

NASDAQ GOOG traded up $0.17 during mid-day trading on Friday, reaching $179.39. 13,475,633 shares of the stock were exchanged, compared to its average volume of 20,492,170. The company has a market capitalization of $2.22 trillion, a P/E ratio of 27.49, a P/E/G ratio of 1.37 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15. The business’s 50 day moving average is $180.19 and its 200-day moving average is $160.24. Alphabet Inc. has a 1 year low of $118.68 and a 1 year high of $193.31.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.38. The firm had revenue of $80.54 billion for the quarter, compared to analysts’ expectations of $78.75 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The company’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period last year, the firm earned $1.17 EPS. On average, equities research analysts forecast that Alphabet Inc. will post 7.61 EPS for the current fiscal year.

Alphabet Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on GOOG shares. 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 report on Tuesday, April 16th. TD Cowen raised their price objective on Alphabet from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Wolfe Research upgraded shares of Alphabet to a “strong-buy” rating in a report on Tuesday. Oppenheimer lifted their target price 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. Finally, Rosenblatt Securities lowered shares of Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price target on the stock. in a research note on Friday, June 28th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Alphabet presently has an average rating of “Buy” and an average target price of $174.38.

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $166.67, for a total value of $113,668.94. Following the sale, the chief accounting officer now directly owns 29,284 shares in the company, valued at approximately $4,880,764.28. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $166.80, for a total transaction of $3,753,000.00. Following the completion of the sale, the chief executive officer now owns 2,280,511 shares of the company’s stock, valued at approximately $380,389,234.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $166.67, for a total transaction of $113,668.94. Following the completion of the sale, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at approximately $4,880,764.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 146,988 shares of company stock valued at $26,068,355. 12.99% of the stock is owned by corporate insiders.

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.