Alphabet Inc.

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Alphabet Inc. stock analysis GOOGL overview
Bullish +55

Apella Capital LLC Purchases 21,982 Shares of Alphabet Inc. $GOOG

📈 Apella Capital LLC raised its Alphabet position by 33.6% in Q1, acquiring 21,982 shares to reach a total holding of 87,462 shares.

💰 The firm's stake in Alphabet is currently valued at $25,089,000 as of the end of the most recent quarter.

📊 Other institutions like Certior Financial Group increased stakes by 3.5%, while Ring Mountain Capital grew its position by 0.9%.

💵 Alphabet paid a quarterly dividend of $0.22 on June 15th, marking an increase from the previous $0.21 payout.

📉 Director John L. Hennessy sold 1,050 shares for $412,923 on May 15th, reducing his personal ownership by 29.32%.

🏢 Major shareholder 2019 Gp L.L.C. Gv offloaded 87,475 shares for a total value of $2,077,531 on May 15th.

📉 Insiders have sold a combined total of 151,523 shares valued at $4.86 million over the past 90 days.

🎯 Analysts maintain a bullish outlook with an average target price of $376.78 and a consensus 'Buy' rating.

📈 TD Cowen recently lifted its target price to $475.00 and reaffirmed a 'buy' rating on June 9th.

🏆 Pivotal Research raised its price objective to $470.00, up from $420.00, in a report dated April 29th.

Bullish Signals
  • Apella Capital LLC significantly increased its investment in Alphabet by 33.6% during the first quarter.
  • The company raised its quarterly dividend to $0.22 per share from the previous $0.21.
  • TD Cowen lifted its price target to $475.00 and maintained a 'buy' rating on June 9th.
  • Pivotal Research increased its target price to $470.00, reflecting a positive outlook.
  • Needham & Company LLC set a $400.00 price objective with a 'buy' rating in March.
  • Institutional ownership remains strong at 27.26% of the total stock.
Risk Factors
  • Director John L. Hennessy sold 1,050 shares for $412,923, representing a 29.32% decrease in his personal holdings.
  • Major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares for $2.07 million on May 15th.
  • Insiders have collectively sold 151,523 shares valued at $4.86 million over the last 90 days.
Full Analysis
Apella Capital LLC increased its stake in Alphabet Inc. (GOOG) by 33.6% during the first quarter, purchasing an additional 21,982 shares to hold a total of 87,462 shares valued at $25.089 million. Several other institutional investors, including Ring Mountain Capital and Certior Financial Group, also modestly increased their positions in the fourth quarter, while Synergy Investment Management raised its holdings by 0.8%. Alphabet's stock data indicates a market capitalization of $4.06 trillion with a P/E ratio of 25.53. The company recently paid a quarterly dividend of $0.22 per share on June 15th, representing an increase from the previous quarter and yielding 0.3% annually. Analyst consensus remains positive, with an average target price of $376.78 and a majority of ratings classified as 'Buy' or 'Strong Buy'. Insider trading activity saw Director John L. Hennessy sell 1,050 shares for approximately $412,923 on May 15th, while major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares for roughly $2.07 million in the same period. Over the last 90 days, insiders have collectively sold 151,523 shares valued at $4.86 million, though they still retain a 12.99% ownership stake in the company.