APEIRON CAPITAL Ltd decreased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 13.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 30,674 shares of the information services provider's stock after selling 4,825 shares during the period. Alphabet accounts for about 2.2% of APEIRON CAPITAL Ltd's holdings, making the stock its 9th largest position. APEIRON CAPITAL Ltd's holdings in Alphabet were worth $4,743,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in GOOGL. Macroview Investment Management LLC boosted its stake in shares of Alphabet by 4.2% in the 4th quarter. Macroview Investment Management LLC now owns 1,293 shares of the information services provider's stock valued at $245,000 after purchasing an additional 52 shares in the last quarter. Addison Advisors LLC increased its position in shares of Alphabet by 0.7% during the 4th quarter. Addison Advisors LLC now owns 7,527 shares of the information services provider's stock worth $1,425,000 after purchasing an additional 53 shares in the last quarter. Burt Wealth Advisors lifted its holdings in Alphabet by 1.0% during the 4th quarter. Burt Wealth Advisors now owns 5,307 shares of the information services provider's stock valued at $1,005,000 after purchasing an additional 54 shares during the last quarter. Perritt Capital Management Inc lifted its holdings in Alphabet by 10.4% during the 4th quarter. Perritt Capital Management Inc now owns 618 shares of the information services provider's stock valued at $117,000 after purchasing an additional 58 shares during the last quarter. Finally, Nia Impact Advisors LLC boosted its position in Alphabet by 0.3% in the fourth quarter. Nia Impact Advisors LLC now owns 17,161 shares of the information services provider's stock valued at $3,249,000 after buying an additional 59 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.
Alphabet Trading Down 0.8%
NASDAQ:GOOGL traded down $1.41 during mid-day trading on Monday, hitting $177.12. The company had a trading volume of 11,447,146 shares, compared to its average volume of 31,177,392. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $207.05. The business's fifty day moving average is $166.45 and its two-hundred day moving average is $174.26. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.77 and a current ratio of 1.77. The firm has a market cap of $2.15 trillion, a P/E ratio of 19.79, a P/E/G ratio of 1.26 and a beta of 1.01.
Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating analysts' consensus estimates of $2.02 by $0.79. The company had revenue of $76.49 billion during the quarter, compared to analysts' expectations of $89.30 billion. Alphabet had a return on equity of 34.54% and a net margin of 30.86%. During the same period in the prior year, the business posted $1.89 EPS. As a group, research analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.
Alphabet Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 9th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.47%. The ex-dividend date was Monday, June 9th. This is an increase from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio is presently 9.36%.
Insider Buying and Selling at Alphabet
In other news, CAO Amie Thuener O'toole sold 673 shares of Alphabet stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total transaction of $104,537.09. Following the transaction, the chief accounting officer now owns 15,303 shares in the company, valued at $2,377,014.99. The trade was a 4.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $155.90, for a total value of $5,066,750.00. Following the completion of the transaction, the chief executive officer now owns 2,652,696 shares of the company's stock, valued at $413,555,306.40. This represents a 1.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 216,195 shares of company stock valued at $35,764,898. Corporate insiders own 11.55% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on GOOGL. Tigress Financial raised their price objective on shares of Alphabet from $220.00 to $240.00 and gave the stock a "strong-buy" rating in a report on Wednesday, April 30th. BNP Paribas Exane restated a "neutral" rating and set a $172.00 price target on shares of Alphabet in a research report on Friday. UBS Group set a $195.00 price target on Alphabet in a report on Friday, April 25th. Roth Mkm reiterated a "buy" rating and issued a $220.00 price objective on shares of Alphabet in a research report on Wednesday, March 19th. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $200.00 price objective (down previously from $230.00) on shares of Alphabet in a research note on Thursday, April 17th. Ten investment analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $199.95.
View Our Latest Report on Alphabet
About Alphabet
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Free Report)
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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