Oliver Luxxe Assets LLC Has $6.03 Million Stock Holdings in Alphabet Inc. $GOOGL

Oliver Luxxe Assets LLC decreased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 18.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 38,997 shares of the information services provider’s stock after selling 8,674 shares during the period. Alphabet accounts for about 1.1% of Oliver Luxxe Assets LLC’s portfolio, making the stock its 24th largest holding. Oliver Luxxe Assets LLC’s holdings in Alphabet were worth $6,031,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Guardian Wealth Management Inc. boosted its holdings in shares of Alphabet by 242.9% during the first quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider’s stock worth $26,000 after acquiring an additional 119 shares during the period. von Borstel & Associates Inc. acquired a new stake in Alphabet during the 1st quarter worth approximately $28,000. IMA Advisory Services Inc. acquired a new stake in Alphabet during the 1st quarter worth approximately $28,000. NBZ Investment Advisors LLC boosted its stake in Alphabet by 85.7% in the 1st quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider’s stock valued at $30,000 after purchasing an additional 90 shares during the period. Finally, Financial Gravity Asset Management Inc. acquired a new position in Alphabet in the 1st quarter valued at $39,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insiders Place Their Bets

In other Alphabet news, insider John Kent Walker sold 23,820 shares of Alphabet stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $194.70, for a total value of $4,637,754.00. Following the transaction, the insider owned 42,999 shares in the company, valued at $8,371,905.30. The trade was a 35.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John L. Hennessy sold 600 shares of the business’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $203.79, for a total value of $122,274.00. Following the transaction, the director directly owned 6,316 shares of the company’s stock, valued at approximately $1,287,137.64. The trade was a 8.68% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 254,719 shares of company stock valued at $47,223,172. 11.55% of the stock is owned by corporate insiders.

Alphabet Stock Performance

Shares of Alphabet stock opened at $207.14 on Wednesday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. The company has a market cap of $2.51 trillion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 1.40 and a beta of 1.01. The company has a 50 day moving average of $188.07 and a 200-day moving average of $173.51. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $210.52.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, beating the consensus estimate 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 $96,428,000 billion during the quarter, compared to the consensus estimate of $93.60 billion. As a group, equities research analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on GOOGL shares. Truist Financial reissued a “buy” rating and set a $200.00 target price on shares of Alphabet in a report on Wednesday, July 2nd. Piper Sandler raised their price target on shares of Alphabet from $195.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Tigress Financial boosted their price objective on shares of Alphabet from $220.00 to $240.00 and gave the company a “strong-buy” rating in a report on Wednesday, April 30th. BNP Paribas Exane restated a “neutral” rating and set a $172.00 target price on shares of Alphabet in a research report on Friday, June 27th. Finally, BNP Paribas cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 26th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $211.53.

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.