Mesirow Financial Investment Management Inc. Has $92.31 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Key Points

• Mesirow Financial Investment Management Inc. has increased its stock holdings in Alphabet Inc. by 2.8%, owning 590,871 shares worth approximately $92.31 million.
• Alphabet announced a quarterly dividend of $0.21 per share, representing an annualized yield of 0.43%, with the ex-dividend date set for September 8th.
• In its latest earnings report, Alphabet beat expectations with a $2.31 EPS and $96.43 billion in revenue, marking a 13.8% year-over-year increase.

Mesirow Financial Investment Management Inc. lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 2.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 590,871 shares of the information services provider's stock after purchasing an additional 15,862 shares during the period. Alphabet accounts for 1.8% of Mesirow Financial Investment Management Inc.'s holdings, making the stock its 10th biggest holding. Mesirow Financial Investment Management Inc.'s holdings in Alphabet were worth $92,313,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of GOOG. ARQ Wealth Advisors LLC raised its holdings in shares of Alphabet by 39.3% during the fourth quarter. ARQ Wealth Advisors LLC now owns 4,964 shares of the information services provider's stock valued at $945,000 after purchasing an additional 1,400 shares during the period. Independence Bank of Kentucky raised its holdings in shares of Alphabet by 10.2% during the first quarter. Independence Bank of Kentucky now owns 14,907 shares of the information services provider's stock valued at $2,329,000 after purchasing an additional 1,376 shares during the period. Harvest Investment Services LLC raised its holdings in shares of Alphabet by 3.3% during the fourth quarter. Harvest Investment Services LLC now owns 4,329 shares of the information services provider's stock valued at $824,000 after purchasing an additional 138 shares during the period. Fermata Advisors LLC raised its holdings in shares of Alphabet by 2.7% during the first quarter. Fermata Advisors LLC now owns 9,771 shares of the information services provider's stock valued at $1,527,000 after purchasing an additional 259 shares during the period. Finally, jvl associates llc raised its holdings in shares of Alphabet by 3.5% during the first quarter. jvl associates llc now owns 10,055 shares of the information services provider's stock valued at $1,571,000 after purchasing an additional 343 shares during the period. Institutional investors and hedge funds own 27.26% of the company's stock.

Insider Activity

In related news, Director Kavitark Ram Shriram sold 18,566 shares of the business's stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $185.76, for a total transaction of $3,448,820.16. Following the completion of the transaction, the director directly owned 243,400 shares in the company, valued at $45,213,984. The trade was a 7.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $178.52, for a total transaction of $5,801,900.00. Following the sale, the chief executive officer directly owned 2,559,892 shares of the company's stock, valued at $456,991,919.84. This represents a 1.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 249,298 shares of company stock valued at $43,505,967. 12.99% of the stock is owned by company insiders.

Alphabet Stock Performance

GOOG traded up $1.01 on Wednesday, hitting $197.44. The company's stock had a trading volume of 21,048,793 shares, compared to its average volume of 24,257,904. The company's 50 day simple moving average is $178.54 and its 200-day simple moving average is $174.69. The firm has a market cap of $2.40 trillion, a P/E ratio of 21.03, a price-to-earnings-growth ratio of 1.30 and a beta of 1.01. Alphabet Inc. has a 12 month low of $142.66 and a 12 month high of $208.70. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, topping the consensus estimate of $2.12 by $0.19. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The company had revenue of $96.43 billion during the quarter, compared to the consensus estimate of $93.67 billion. During the same period last year, the firm earned $1.89 EPS. Alphabet's revenue for the quarter was up 13.8% on a year-over-year basis. Analysts forecast that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently announced 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 yield of 0.43%. The ex-dividend date is Monday, September 8th. Alphabet's payout ratio is 8.95%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on GOOG shares. Piper Sandler reiterated a "neutral" rating on shares of Alphabet in a report on Wednesday, July 9th. Roth Capital reissued a "buy" rating on shares of Alphabet in a research report on Wednesday, July 9th. Scotiabank boosted their target price on shares of Alphabet from $200.00 to $240.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, July 22nd. Citigroup reissued a "sell" rating on shares of Alphabet in a research report on Wednesday, April 23rd. Finally, Susquehanna reissued a "positive" rating on shares of Alphabet in a research report on Friday, May 2nd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and five have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.