54,000 Shares in Alphabet Inc. (NASDAQ:GOOG) Purchased by Deuterium Capital Management LLC

Key Points

• Deuterium Capital Management LLC has acquired 54,000 shares of Alphabet Inc. (NASDAQ:GOOG) valued at approximately $8.4 million, making it the fund's largest holding at 18.8% of its portfolio.
• Insider transactions include CEO Sundar Pichai selling 32,500 shares for about $6 million, reducing his stake by 1.27%.
• Alphabet reported a revenue of $96.43 billion for the last quarter, exceeding expectations and marking a 13.8% year-over-year increase, with earnings per share of $2.31.

Deuterium Capital Management LLC bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 54,000 shares of the information services provider's stock, valued at approximately $8,436,000. Alphabet accounts for about 18.8% of Deuterium Capital Management LLC's portfolio, making the stock its biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of Alphabet by 18,562.3% in the first quarter. GAMMA Investing LLC now owns 14,323,323 shares of the information services provider's stock valued at $2,237,733,000 after purchasing an additional 14,246,573 shares during the period. Northern Trust Corp raised its holdings in Alphabet by 16.1% during the fourth quarter. Northern Trust Corp now owns 57,098,042 shares of the information services provider's stock worth $10,873,751,000 after purchasing an additional 7,917,625 shares in the last quarter. Capital International Investors increased its position in shares of Alphabet by 6.7% during the fourth quarter. Capital International Investors now owns 91,236,069 shares of the information services provider's stock worth $17,376,706,000 after purchasing an additional 5,758,244 shares in the last quarter. Sanders Capital LLC increased its holdings in shares of Alphabet by 14.5% in the 4th quarter. Sanders Capital LLC now owns 33,504,543 shares of the information services provider's stock valued at $6,380,605,000 after acquiring an additional 4,247,379 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Alphabet in the 4th quarter valued at $786,942,000. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $184.38, for a total transaction of $5,992,350.00. Following the completion of the transaction, the chief executive officer directly owned 2,527,392 shares of the company's stock, valued at $466,000,536.96. This trade represents a 1.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kavitark Ram Shriram sold 18,566 shares of the company's stock in a transaction on Friday, July 18th. The shares were sold at an average price of $185.76, for a total transaction of $3,448,820.16. Following the sale, the director directly owned 243,400 shares in the company, valued at $45,213,984. This trade represents a 7.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 249,409 shares of company stock valued at $43,523,710 over the last 90 days. 12.99% of the stock is owned by insiders.

Alphabet Stock Performance

Alphabet stock opened at $193.42 on Tuesday. The stock has a market cap of $2.35 trillion, a P/E ratio of 20.60, a price-to-earnings-growth ratio of 1.31 and a beta of 1.01. The stock has a 50 day moving average of $177.37 and a 200-day moving average of $174.38. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $208.70.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, topping analysts' consensus estimates of $2.12 by $0.19. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The firm had revenue of $96.43 billion during the quarter, compared to analysts' expectations of $93.67 billion. During the same quarter last year, the company earned $1.89 earnings per share. The company's revenue for the quarter was up 13.8% compared to the same quarter last year. On average, analysts expect that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 8th will be issued a dividend of $0.21 per share. The ex-dividend date is Monday, September 8th. This represents a $0.84 annualized dividend and a dividend yield of 0.43%. Alphabet's dividend payout ratio (DPR) is presently 8.95%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. BNP Paribas cut shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 26th. Citizens Jmp upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Thursday, June 26th. Cantor Fitzgerald restated a "neutral" rating and set a $171.00 target price on shares of Alphabet in a research report on Friday, April 25th. Tigress Financial restated a "strong-buy" rating on shares of Alphabet in a research report on Friday, May 2nd. Finally, Wells Fargo & Company restated an "equal weight" rating on shares of Alphabet in a research report on Wednesday, July 9th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and five have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $215.19.

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.

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