Triune Financial Partners LLC Takes $233,000 Position in Alphabet Inc. $GOOGL

Triune Financial Partners LLC bought a new stake in Alphabet Inc. (NASDAQ:GOOGL) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,509 shares of the information services provider’s stock, valued at approximately $233,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Siren L.L.C. raised its holdings in shares of Alphabet by 624.3% in the first quarter. Siren L.L.C. now owns 50,703 shares of the information services provider’s stock valued at $7,841,000 after buying an additional 43,703 shares during the last quarter. WBI Investments LLC purchased a new position in Alphabet during the first quarter worth about $417,000. Indiana Trust & Investment Management Co raised its holdings in Alphabet by 3.6% during the first quarter. Indiana Trust & Investment Management Co now owns 48,126 shares of the information services provider’s stock worth $7,442,000 after purchasing an additional 1,662 shares in the last quarter. MBL Wealth LLC raised its holdings in Alphabet by 1.1% during the first quarter. MBL Wealth LLC now owns 23,884 shares of the information services provider’s stock worth $3,693,000 after purchasing an additional 256 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in Alphabet by 20.1% during the first quarter. Geneos Wealth Management Inc. now owns 74,363 shares of the information services provider’s stock worth $11,499,000 after purchasing an additional 12,420 shares in the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In other news, insider John Kent Walker sold 23,820 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $194.70, for a total transaction of $4,637,754.00. Following the completion of the transaction, the insider directly owned 42,999 shares of the company’s stock, valued at $8,371,905.30. This trade represents a 35.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kavitark Ram Shriram sold 18,566 shares of the firm’s stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $185.76, for a total transaction of $3,448,820.16. Following the transaction, the director directly owned 243,400 shares of the company’s stock, valued at approximately $45,213,984. This trade represents a 7.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 254,710 shares of company stock valued at $49,208,380. Company insiders own 11.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. BNP Paribas Exane reissued a “neutral” rating and set a $172.00 price target on shares of Alphabet in a report on Friday, June 27th. Citizens Jmp raised shares of Alphabet from a “market perform” rating to an “outperform” rating and set a $220.00 price target for the company in a report on Friday, June 27th. Wall Street Zen cut shares of Alphabet from a “buy” rating to a “hold” rating in a report on Friday, September 5th. Truist Financial reissued a “buy” rating and set a $200.00 price target on shares of Alphabet in a report on Wednesday, July 2nd. Finally, Bank of America increased their price target on shares of Alphabet from $210.00 to $217.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and an average target price of $221.44.

Alphabet Trading Down 0.2%

Shares of GOOGL opened at $239.17 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a 50 day simple moving average of $199.43 and a 200-day simple moving average of $176.61. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $241.66. The stock has a market cap of $2.89 trillion, a price-to-earnings ratio of 25.47, a price-to-earnings-growth ratio of 1.61 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.16. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The business had revenue of $96.43 billion during the quarter, compared to analysts’ expectations of $93.60 billion. Equities analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 8th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, September 8th. Alphabet’s dividend payout ratio (DPR) is 8.95%.

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.