Bryn Mawr Capital Management LLC Has $10.03 Million Position in Alphabet Inc. (NASDAQ:GOOG)

Bryn Mawr Capital Management LLC trimmed its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 20.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 64,190 shares of the information services provider's stock after selling 16,856 shares during the period. Bryn Mawr Capital Management LLC's holdings in Alphabet were worth $10,028,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Principia Wealth Advisory LLC increased its holdings in shares of Alphabet by 111.8% in the first quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock valued at $26,000 after buying an additional 85 shares in the last quarter. MorganRosel Wealth Management LLC acquired a new stake in Alphabet during the 1st quarter valued at $26,000. LSV Asset Management acquired a new stake in Alphabet during the 4th quarter valued at $27,000. Goodman Advisory Group LLC acquired a new stake in Alphabet during the 1st quarter valued at $32,000. Finally, WealthTrak Capital Management LLC acquired a new stake in Alphabet during the 4th quarter valued at $38,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GOOG has been the topic of several recent analyst reports. Susquehanna reissued a "positive" rating on shares of Alphabet in a research note on Friday, May 2nd. Oppenheimer reissued an "outperform" rating and set a $220.00 target price (up from $200.00) on shares of Alphabet in a research note on Wednesday, July 9th. Rosenblatt Securities raised shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Citizens Jmp raised shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Thursday, June 26th. Finally, Citigroup reissued a "sell" rating on shares of Alphabet in a research report on Wednesday, April 23rd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and five have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $208.40.

Alphabet Stock Performance

Shares of NASDAQ GOOG traded up $1.24 during trading hours on Friday, hitting $185.94. 20,715,697 shares of the company's stock were exchanged, compared to its average volume of 21,543,236. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $208.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.77 and a quick ratio of 1.77. The stock has a market capitalization of $2.26 trillion, a price-to-earnings ratio of 20.73, a PEG ratio of 1.28 and a beta of 1.01. The company's 50-day moving average price is $173.39 and its 200-day moving average price is $174.75.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.79. Alphabet had a return on equity of 34.54% and a net margin of 30.86%. The business had revenue of $90.23 billion during the quarter, compared to analysts' expectations of $89.30 billion. During the same quarter in the previous year, the firm earned $1.89 EPS. The firm's revenue was up 12.0% compared to the same quarter last year. On average, sell-side analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 9th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend was Monday, June 9th. This is a boost from Alphabet's previous quarterly dividend of $0.20. Alphabet's payout ratio is currently 9.36%.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $184.38, for a total value of $5,992,350.00. Following the completion of the sale, the chief executive officer owned 2,527,392 shares in the company, valued at approximately $466,000,536.96. This trade represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kavitark Ram Shriram sold 10,500 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total transaction of $1,837,500.00. Following the completion of the sale, the director owned 261,966 shares of the company's stock, valued at approximately $45,844,050. The trade was a 3.85% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 215,843 shares of company stock valued at $37,288,490. Insiders own 12.99% of the company's stock.

About Alphabet

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.