Mirador Capital Partners LP lifted its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 2.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,428 shares of the information services provider's stock after acquiring an additional 2,522 shares during the quarter. Alphabet accounts for about 3.1% of Mirador Capital Partners LP's holdings, making the stock its 6th biggest position. Mirador Capital Partners LP's holdings in Alphabet were worth $17,721,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Sterling Financial Planning Inc. boosted its position in shares of Alphabet by 2.6% during the fourth quarter. Sterling Financial Planning Inc. now owns 1,941 shares of the information services provider's stock valued at $370,000 after buying an additional 50 shares during the last quarter. Arlington Trust Co LLC lifted its stake in Alphabet by 0.4% during the 4th quarter. Arlington Trust Co LLC now owns 14,423 shares of the information services provider's stock valued at $2,747,000 after acquiring an additional 52 shares in the last quarter. Ethos Financial Group LLC boosted its holdings in Alphabet by 0.7% during the 4th quarter. Ethos Financial Group LLC now owns 7,300 shares of the information services provider's stock worth $1,395,000 after acquiring an additional 53 shares during the last quarter. Hutchinson Capital Management CA grew its stake in shares of Alphabet by 1.5% in the 4th quarter. Hutchinson Capital Management CA now owns 3,555 shares of the information services provider's stock worth $677,000 after acquiring an additional 54 shares in the last quarter. Finally, Tempus Wealth Planning LLC grew its stake in shares of Alphabet by 1.7% in the 4th quarter. Tempus Wealth Planning LLC now owns 3,337 shares of the information services provider's stock worth $636,000 after acquiring an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company's stock.
Insider Buying and Selling at Alphabet
In other news, Director John L. Hennessy sold 200 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total transaction of $33,106.00. Following the sale, the director now owns 7,813 shares in the company, valued at approximately $1,293,285.89. This trade represents a 2.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider John Kent Walker sold 11,764 shares of the company's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $166.84, for a total transaction of $1,962,705.76. Following the completion of the transaction, the insider now owns 49,037 shares of the company's stock, valued at $8,181,333.08. This trade represents a 19.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 163,159 shares of company stock worth $26,534,426 over the last three months. 12.99% of the stock is owned by insiders.
Alphabet Price Performance
Shares of Alphabet stock traded down $2.48 on Monday, reaching $170.37. The stock had a trading volume of 24,665,355 shares, compared to its average volume of 20,256,628. The company has a market cap of $2.07 trillion, a P/E ratio of 21.16, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $208.70. The business's 50 day moving average is $160.88 and its two-hundred day moving average is $176.27. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.
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 (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.79. The company had revenue of $90.23 billion during the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The firm's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the company earned $1.89 earnings per share. As a group, research analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current year.
Alphabet Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be paid a $0.21 dividend. This is an increase from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Monday, June 9th. Alphabet's dividend payout ratio (DPR) is currently 9.36%.
Analysts Set New Price Targets
GOOG has been the subject of several recent analyst reports. Westpark Capital reiterated a "buy" rating and issued a $210.00 target price on shares of Alphabet in a research note on Friday, April 25th. Citigroup reiterated a "sell" rating on shares of Alphabet in a research note on Wednesday, April 23rd. Scotiabank decreased their price target on Alphabet from $232.00 to $200.00 and set a "sector outperform" rating for the company in a research report on Monday, April 21st. The Goldman Sachs Group reaffirmed a "buy" rating and set a $220.00 price target on shares of Alphabet in a research report on Monday. Finally, Benchmark reaffirmed a "negative" rating on shares of Alphabet in a research report on Wednesday, February 5th. Three research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and five have given a strong buy rating to the company's stock. According to MarketBeat.com, Alphabet has an average rating of "Moderate Buy" and an average price target of $204.88.
View Our Latest Report on GOOG
About Alphabet
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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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