NTV Asset Management LLC Buys 405 Shares of Alphabet Inc. (NASDAQ:GOOGL)

NTV Asset Management LLC increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.9% during the first quarter, Holdings Channel reports. The fund owned 43,899 shares of the information services provider’s stock after purchasing an additional 405 shares during the period. Alphabet makes up about 0.9% of NTV Asset Management LLC’s portfolio, making the stock its 25th biggest position. NTV Asset Management LLC’s holdings in Alphabet were worth $6,789,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. von Borstel & Associates Inc. bought a new position in Alphabet in the 1st quarter valued at $28,000. Anderson Financial Strategies LLC bought a new position in Alphabet in the 4th quarter valued at $49,000. Navigoe LLC bought a new position in Alphabet in the 4th quarter valued at $51,000. Elite Financial Inc. bought a new position in Alphabet in the 1st quarter valued at $42,000. Finally, Prudent Man Investment Management Inc. bought a new position in Alphabet in the 4th quarter valued at $53,000. 40.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on GOOGL. Morgan Stanley cut their price target on Alphabet from $210.00 to $185.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Roth Capital reissued a “buy” rating and issued a $205.00 price target (up previously from $180.00) on shares of Alphabet in a research note on Tuesday, July 8th. Oppenheimer increased their price target on Alphabet from $185.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, April 25th. Royal Bank Of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of Alphabet in a research note on Wednesday, April 23rd. Finally, Tigress Financial increased their price target on Alphabet from $220.00 to $240.00 and gave the company a “strong-buy” rating in a research note on Wednesday, April 30th. Ten analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and an average target price of $199.61.

Alphabet Stock Performance

GOOGL opened at $181.56 on Tuesday. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $207.05. The stock has a market cap of $2.20 trillion, a price-to-earnings ratio of 20.24, a PEG ratio of 1.27 and a beta of 1.00. The business has a 50 day moving average of $170.66 and a 200-day moving average of $173.07. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL) last released 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 34.54% and a net margin of 30.86%. The company had revenue of $76.49 billion during the quarter, compared to analysts’ expectations of $89.30 billion. During the same period last year, the firm posted $1.89 earnings per share. On average, equities research analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 9th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.46%. This is a boost from Alphabet’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, June 9th. Alphabet’s dividend payout ratio (DPR) is presently 9.36%.

Insider Buying and Selling

In related news, Director John L. Hennessy sold 600 shares of Alphabet stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total transaction of $105,000.00. Following the completion of the sale, the director directly owned 6,813 shares of the company’s stock, valued at approximately $1,192,275. This trade represents a 8.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kavitark Ram Shriram sold 9,000 shares of Alphabet stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total value of $1,575,000.00. Following the sale, the director directly owned 255,400 shares of the company’s stock, valued at approximately $44,695,000. The trade was a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 215,443 shares of company stock valued at $36,298,548. Insiders own 11.55% of the company’s stock.

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.