Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Nikulski Financial Inc.

Nikulski Financial Inc. boosted its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 58,537 shares of the information services provider’s stock after purchasing an additional 682 shares during the quarter. Alphabet accounts for about 2.7% of Nikulski Financial Inc.’s investment portfolio, making the stock its 7th biggest holding. Nikulski Financial Inc.’s holdings in Alphabet were worth $9,052,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Eagle Capital Management LLC lifted its position in shares of Alphabet by 0.7% in the fourth quarter. Eagle Capital Management LLC now owns 50,132 shares of the information services provider’s stock worth $9,490,000 after purchasing an additional 371 shares in the last quarter. Brighton Jones LLC raised its position in Alphabet by 3.9% during the fourth quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock worth $20,886,000 after acquiring an additional 4,110 shares in the last quarter. Revolve Wealth Partners LLC raised its position in Alphabet by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock worth $2,826,000 after acquiring an additional 506 shares in the last quarter. Highview Capital Management LLC DE raised its position in Alphabet by 3.6% during the fourth quarter. Highview Capital Management LLC DE now owns 29,100 shares of the information services provider’s stock worth $5,509,000 after acquiring an additional 1,003 shares in the last quarter. Finally, Hudson Value Partners LLC raised its position in Alphabet by 22.7% during the fourth quarter. Hudson Value Partners LLC now owns 73,282 shares of the information services provider’s stock worth $13,873,000 after acquiring an additional 13,564 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on GOOGL shares. Tigress Financial upped their price target on shares of Alphabet from $220.00 to $240.00 and gave the company a “strong-buy” rating in a research note on Wednesday, April 30th. Needham & Company LLC increased their price objective on shares of Alphabet from $178.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday. Royal Bank Of Canada reiterated an “outperform” rating and set a $200.00 price objective on shares of Alphabet in a research note on Wednesday, April 23rd. Jefferies Financial Group reduced their price objective on shares of Alphabet from $235.00 to $200.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Finally, Roth Capital reiterated a “buy” rating and set a $205.00 price objective (up from $180.00) on shares of Alphabet in a research note on Tuesday, July 8th. Ten equities research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $201.68.

Alphabet Trading Up 0.8%

NASDAQ GOOGL opened at $185.06 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.03. 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 $2.25 trillion, a P/E ratio of 20.63, a P/E/G ratio of 1.29 and a beta of 1.00. The stock’s fifty day moving average price is $172.90 and its 200-day moving average price is $173.12.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share 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 for the quarter, compared to the consensus estimate of $89.30 billion. During the same quarter in the prior year, the company earned $1.89 earnings per share. As a group, equities analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 9th were paid a $0.21 dividend. The ex-dividend date was Monday, June 9th. This represents a $0.84 annualized dividend and a dividend yield of 0.45%. This is an increase from Alphabet’s previous quarterly dividend of $0.20. Alphabet’s dividend payout ratio (DPR) is 9.36%.

Insider Transactions at Alphabet

In other news, Director John L. Hennessy sold 600 shares of the firm’s stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total value of $105,000.00. Following the transaction, the director owned 6,813 shares of the company’s stock, valued at $1,192,275. This trade represents a 8.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kavitark Ram Shriram sold 10,500 shares of Alphabet stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total value of $1,837,500.00. Following the sale, the director directly owned 261,966 shares in the company, valued at $45,844,050. This trade represents a 3.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 215,843 shares of company stock valued at $37,288,490 over the last quarter. 11.64% of the stock is currently owned by company 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.