Boomfish Wealth Group LLC Has $2.69 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Boomfish Wealth Group LLC reduced its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 5.0% in the first quarter, Holdings Channel reports. The institutional investor owned 17,688 shares of the information services provider’s stock after selling 934 shares during the period. Alphabet makes up 1.8% of Boomfish Wealth Group LLC’s investment portfolio, making the stock its 11th largest holding. Boomfish Wealth Group LLC’s holdings in Alphabet were worth $2,693,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pictet North America Advisors SA grew its holdings in Alphabet by 35.0% during the first quarter. Pictet North America Advisors SA now owns 31,991 shares of the information services provider’s stock worth $4,871,000 after buying an additional 8,290 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Alphabet in the 1st quarter worth $9,579,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Alphabet by 3.0% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 595,799 shares of the information services provider’s stock valued at $90,716,000 after purchasing an additional 17,619 shares during the last quarter. Whittier Trust Co. raised its holdings in shares of Alphabet by 1.1% in the first quarter. Whittier Trust Co. now owns 1,328,314 shares of the information services provider’s stock valued at $202,249,000 after purchasing an additional 14,519 shares during the last quarter. Finally, Integrity Financial Corp WA boosted its holdings in Alphabet by 25.7% during the first quarter. Integrity Financial Corp WA now owns 8,798 shares of the information services provider’s stock worth $1,340,000 after purchasing an additional 1,801 shares during the last quarter. 27.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Stifel Nicolaus increased their price objective on shares of Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Rosenblatt Securities lowered Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 target price for the company. in a research report on Friday, June 28th. TD Cowen increased their target price on shares of Alphabet from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday. Oppenheimer upped their price target on Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $165.00 target price on shares of Alphabet in a research report on Thursday, April 11th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $174.38.

Alphabet Trading Up 0.4 %

NASDAQ:GOOG traded up $0.84 during midday trading on Wednesday, reaching $191.28. 3,020,308 shares of the stock traded hands, compared to its average volume of 20,719,928. The stock has a market capitalization of $2.36 trillion, a P/E ratio of 29.37, a PEG ratio of 1.43 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15. The company has a fifty day moving average of $177.92 and a 200 day moving average of $158.32. Alphabet Inc. has a 12 month low of $115.83 and a 12 month high of $192.86.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.51 by $0.38. The firm had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $78.75 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.17 earnings per share. On average, research analysts predict that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a — dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, June 10th. Alphabet’s dividend payout ratio (DPR) is currently 12.27%.

Insiders Place Their Bets

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $157.41, for a total transaction of $3,541,725.00. Following the transaction, the chief executive officer now directly owns 2,303,011 shares of the company’s stock, valued at approximately $362,516,961.51. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $157.41, for a total value of $3,541,725.00. Following the sale, the chief executive officer now directly owns 2,303,011 shares of the company’s stock, valued at $362,516,961.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $166.67, for a total value of $113,668.94. Following the transaction, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at $4,880,764.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 146,288 shares of company stock worth $25,345,053. 12.99% of the stock is currently owned by company insiders.

Alphabet Company 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.