First Heartland Consultants Inc. Buys 245 Shares of Alphabet Inc. (NASDAQ:GOOGL)

First Heartland Consultants Inc. boosted its position in Alphabet Inc. (NASDAQ:GOOGL) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,826 shares of the information services provider’s stock after acquiring an additional 245 shares during the quarter. First Heartland Consultants Inc.’s holdings in Alphabet were worth $1,233,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in GOOGL. Sonata Capital Group Inc. grew its holdings in shares of Alphabet by 5.1% during the 3rd quarter. Sonata Capital Group Inc. now owns 3,720 shares of the information services provider’s stock valued at $487,000 after purchasing an additional 180 shares during the last quarter. Ramsay Stattman Vela & Price Inc. boosted its position in Alphabet by 0.4% during the third quarter. Ramsay Stattman Vela & Price Inc. now owns 38,270 shares of the information services provider’s stock valued at $5,008,000 after buying an additional 140 shares during the period. Bordeaux Wealth Advisors LLC grew its stake in shares of Alphabet by 6.0% during the third quarter. Bordeaux Wealth Advisors LLC now owns 107,788 shares of the information services provider’s stock valued at $14,105,000 after buying an additional 6,063 shares during the last quarter. Grove Bank & Trust increased its holdings in shares of Alphabet by 6.4% in the third quarter. Grove Bank & Trust now owns 26,092 shares of the information services provider’s stock worth $3,414,000 after buying an additional 1,574 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Alphabet by 3.5% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 762,477 shares of the information services provider’s stock valued at $99,778,000 after acquiring an additional 25,964 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Stock Performance

GOOGL stock opened at $176.38 on Thursday. The stock’s 50 day simple moving average is $159.52 and its 200 day simple moving average is $146.20. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 12-month low of $115.35 and a 12-month high of $178.77. The stock has a market capitalization of $2.18 trillion, a PE ratio of 27.05, a price-to-earnings-growth ratio of 1.36 and a beta of 1.02.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The firm had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $66.04 billion. During the same period in the prior year, the company posted $1.17 earnings per share. As a group, research analysts forecast that Alphabet Inc. will post 7.61 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, June 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.45%.

Analysts Set New Price Targets

A number of equities analysts have commented on GOOGL shares. UBS Group lifted their price target on Alphabet from $150.00 to $166.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. TD Cowen upped their price target on shares of Alphabet from $170.00 to $200.00 and gave the company a “buy” rating in a report on Friday, April 26th. Rosenblatt Securities increased their price target on shares of Alphabet from $172.00 to $182.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Robert W. Baird boosted their price objective on shares of Alphabet from $160.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $195.00 target price on shares of Alphabet in a report on Wednesday, May 15th. Five equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $190.60.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $136.49, for a total value of $93,086.18. Following the completion of the sale, the chief accounting officer now owns 28,602 shares of the company’s stock, valued at approximately $3,903,886.98. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, SVP Prabhakar Raghavan sold 3,258 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $155.97, for a total transaction of $508,150.26. Following the completion of the sale, the senior vice president now directly owns 144,685 shares in the company, valued at $22,566,519.45. The sale 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 the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $136.49, for a total transaction of $93,086.18. Following the sale, the chief accounting officer now directly owns 28,602 shares of the company’s stock, valued at $3,903,886.98. The disclosure for this sale can be found here. Insiders have sold a total of 205,935 shares of company stock worth $31,178,987 over the last quarter. Company 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.