Alphabet Inc. (NASDAQ:GOOGL) is NBW Capital LLC’s Largest Position

NBW Capital LLC boosted its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 140,381 shares of the information services provider’s stock after acquiring an additional 94 shares during the quarter. Alphabet accounts for 4.3% of NBW Capital LLC’s portfolio, making the stock its biggest holding. NBW Capital LLC’s holdings in Alphabet were worth $21,188,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of GOOGL. Vermillion & White Wealth Management Group LLC bought a new position in shares of Alphabet in the fourth quarter worth about $30,000. Tributary Capital Management LLC bought a new position in Alphabet during the first quarter valued at approximately $30,000. DiNuzzo Private Wealth Inc. bought a new position in Alphabet during the fourth quarter valued at approximately $38,000. CarsonAllaria Wealth Management Ltd. boosted its stake in Alphabet by 59.2% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 293 shares of the information services provider’s stock valued at $44,000 after buying an additional 109 shares during the last quarter. Finally, Richardson Capital Management LLC boosted its stake in Alphabet by 87.5% during the first quarter. Richardson Capital Management LLC now owns 300 shares of the information services provider’s stock valued at $45,000 after buying an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Analyst Ratings Changes

GOOGL has been the subject of several analyst reports. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $181.00 price objective on shares of Alphabet in a research note on Wednesday, July 24th. Evercore ISI raised their price objective on Alphabet from $220.00 to $225.00 and gave the company an “outperform” rating in a research note on Tuesday, June 11th. JMP Securities reaffirmed a “market outperform” rating and issued a $200.00 price objective on shares of Alphabet in a research note on Tuesday, July 30th. Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a research note on Tuesday. Finally, Tigress Financial raised their price objective on Alphabet from $176.00 to $210.00 and gave the company a “strong-buy” rating in a research note on Friday, May 24th. Six research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $203.74.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $173.86, for a total transaction of $118,572.52. Following the completion of the sale, the chief accounting officer now owns 29,966 shares of the company’s stock, valued at approximately $5,209,888.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Alphabet news, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $185.85, for a total transaction of $278,775.00. Following the completion of the transaction, the director now owns 30,824 shares in the company, valued at approximately $5,728,640.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $173.86, for a total value of $118,572.52. Following the transaction, the chief accounting officer now owns 29,966 shares of the company’s stock, valued at approximately $5,209,888.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 99,808 shares of company stock valued at $17,732,125. 11.55% of the stock is owned by company insiders.

Alphabet Stock Up 0.1 %

Shares of Alphabet stock traded up $0.15 during trading on Tuesday, reaching $159.40. The company’s stock had a trading volume of 22,180,869 shares, compared to its average volume of 28,140,625. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. The company has a market cap of $1.96 trillion, a price-to-earnings ratio of 24.40, a P/E/G ratio of 1.28 and a beta of 1.05. Alphabet Inc. has a 1-year low of $120.21 and a 1-year high of $191.75. The company has a 50-day simple moving average of $178.11 and a two-hundred day simple moving average of $161.69.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Tuesday, July 23rd. The information services provider reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.04. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The company had revenue of $84.74 billion during the quarter, compared to analysts’ expectations of $70.60 billion. During the same quarter in the previous year, the firm posted $1.44 EPS. As a group, equities analysts forecast that Alphabet Inc. will post 7.62 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, September 9th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, September 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.50%. Alphabet’s dividend payout ratio is currently 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.