Janiczek Wealth Management LLC Boosts Position in Alphabet Inc. (NASDAQ:GOOG)

Janiczek Wealth Management LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,373 shares of the information services provider’s stock after buying an additional 198 shares during the quarter. Janiczek Wealth Management LLC’s holdings in Alphabet were worth $1,427,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of GOOG. Cranbrook Wealth Management LLC grew its holdings in shares of Alphabet by 14.0% during the fourth quarter. Cranbrook Wealth Management LLC now owns 570 shares of the information services provider’s stock valued at $80,000 after buying an additional 70 shares in the last quarter. Manchester Financial Inc. grew its stake in Alphabet by 3.6% in the fourth quarter. Manchester Financial Inc. now owns 2,124 shares of the information services provider’s stock valued at $299,000 after purchasing an additional 74 shares in the last quarter. Atticus Wealth Management LLC grew its stake in Alphabet by 1.4% in the third quarter. Atticus Wealth Management LLC now owns 5,262 shares of the information services provider’s stock valued at $694,000 after purchasing an additional 75 shares in the last quarter. Priebe Wealth Holdings LLC grew its stake in Alphabet by 1.7% in the first quarter. Priebe Wealth Holdings LLC now owns 4,603 shares of the information services provider’s stock valued at $701,000 after purchasing an additional 75 shares in the last quarter. Finally, Congress Park Capital LLC grew its stake in Alphabet by 0.3% in the fourth quarter. Congress Park Capital LLC now owns 22,542 shares of the information services provider’s stock valued at $3,177,000 after purchasing an additional 76 shares in the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Oppenheimer upped their price target on Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Morgan Stanley reiterated an “overweight” rating and set a $165.00 price target on shares of Alphabet in a research note on Thursday, April 11th. Finally, Stifel Nicolaus upped their price target on Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $165.67.

Insider Buying and Selling at Alphabet

In related news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $154.79, for a total transaction of $105,566.78. Following the completion of the sale, the chief accounting officer now directly owns 29,284 shares of the company’s stock, valued at $4,532,870.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Alphabet news, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $177.92, for a total transaction of $266,880.00. Following the transaction, the director now directly owns 3,727 shares in the company, valued at $663,107.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $154.79, for a total value of $105,566.78. Following the transaction, the chief accounting officer now owns 29,284 shares in the company, valued at $4,532,870.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 146,284 shares of company stock worth $24,534,393. Insiders own 12.99% of the company’s stock.

Alphabet Price Performance

Shares of GOOG stock traded up $1.11 during trading hours on Thursday, hitting $186.48. The company had a trading volume of 7,171,709 shares, compared to its average volume of 21,252,016. Alphabet Inc. has a 12 month low of $115.83 and a 12 month high of $187.50. The firm has a market capitalization of $2.30 trillion, a price-to-earnings ratio of 28.64, a PEG ratio of 1.39 and a beta of 1.01. The firm’s fifty day moving average is $173.26 and its 200 day moving average is $154.97. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.38. The business had revenue of $80.54 billion for the quarter, compared to analyst estimates of $78.75 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. Alphabet’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.17 EPS. On average, sell-side analysts predict that Alphabet Inc. will post 7.6 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a — dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were given a $0.20 dividend. The ex-dividend date was Monday, June 10th. Alphabet’s payout ratio is 12.27%.

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.