Blackhawk Capital Partners LLC. Has $4.83 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

Blackhawk Capital Partners LLC. boosted its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 8.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,244 shares of the information services provider's stock after buying an additional 2,434 shares during the quarter. Alphabet accounts for approximately 2.5% of Blackhawk Capital Partners LLC.'s investment portfolio, making the stock its 9th largest position. Blackhawk Capital Partners LLC.'s holdings in Alphabet were worth $4,832,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Harbour Trust & Investment Management Co boosted its position in shares of Alphabet by 0.3% in the 1st quarter. Harbour Trust & Investment Management Co now owns 27,075 shares of the information services provider's stock valued at $4,187,000 after purchasing an additional 80 shares during the period. Rockbridge Capital Management LLC acquired a new position in shares of Alphabet in the 4th quarter valued at $3,119,000. Cypress Capital LLC boosted its position in shares of Alphabet by 4.1% in the 1st quarter. Cypress Capital LLC now owns 14,310 shares of the information services provider's stock valued at $2,213,000 after purchasing an additional 563 shares during the period. Optivise Advisory Services LLC boosted its position in shares of Alphabet by 8.0% in the 4th quarter. Optivise Advisory Services LLC now owns 5,464 shares of the information services provider's stock valued at $1,035,000 after purchasing an additional 403 shares during the period. Finally, Community Bank N.A. boosted its position in shares of Alphabet by 6.4% in the 4th quarter. Community Bank N.A. now owns 46,173 shares of the information services provider's stock valued at $8,741,000 after purchasing an additional 2,790 shares during the period. Institutional investors own 40.03% of the company's stock.

Alphabet Stock Performance

GOOGL traded up $1.80 during midday trading on Friday, reaching $185.38. The company's stock had a trading volume of 21,198,761 shares, compared to its average volume of 32,049,617. The stock has a market cap of $2.25 trillion, a P/E ratio of 20.66, a PEG ratio of 1.28 and a beta of 1.00. The company has a fifty day simple moving average of $172.26 and a 200 day simple moving average of $173.15. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $207.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.02 by $0.79. The firm had revenue of $76.49 billion for the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a return on equity of 34.54% and a net margin of 30.86%. During the same quarter last year, the firm posted $1.89 EPS. Research analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 9th were issued 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 was Monday, June 9th. This is a positive change from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio (DPR) is presently 9.36%.

Insider Transactions at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred 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 sale, the chief executive officer owned 2,527,392 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. Also, Director Kavitark Ram Shriram sold 9,000 shares of Alphabet stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total value of $1,575,000.00. Following the sale, the director directly owned 255,400 shares in the company, valued at $44,695,000. The trade was a 3.40% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 215,843 shares of company stock valued at $37,288,490. 11.64% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on GOOGL shares. Royal Bank Of Canada reiterated an "outperform" rating and issued a $200.00 price target on shares of Alphabet in a research report on Wednesday, April 23rd. BNP Paribas downgraded Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 26th. Citigroup reissued a "buy" rating and issued a $203.00 price objective (up from $200.00) on shares of Alphabet in a research note on Tuesday, June 24th. DA Davidson reduced their price objective on Alphabet from $200.00 to $160.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Finally, Rosenblatt Securities reissued a "neutral" rating and issued a $189.00 price objective on shares of Alphabet in a research note on Wednesday, May 21st. Ten equities research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $201.68.

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.