Daymark Wealth Partners LLC boosted its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 295,741 shares of the information services provider's stock after purchasing an additional 4,744 shares during the quarter. Alphabet makes up 2.0% of Daymark Wealth Partners LLC's portfolio, making the stock its 9th biggest holding. Daymark Wealth Partners LLC's holdings in Alphabet were worth $45,733,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Compass Planning Associates Inc acquired a new stake in Alphabet in the 4th quarter valued at about $30,000. Anderson Financial Strategies LLC purchased a new stake in shares of Alphabet in the fourth quarter valued at about $49,000. Navigoe LLC acquired a new stake in shares of Alphabet in the fourth quarter valued at approximately $51,000. Prudent Man Investment Management Inc. purchased a new position in shares of Alphabet during the 4th quarter worth approximately $53,000. Finally, Campbell Capital Management Inc. acquired a new position in shares of Alphabet during the 4th quarter worth approximately $57,000. Institutional investors and hedge funds own 40.03% of the company's stock.
Insider Buying and Selling
In other news, CAO Amie Thuener O'toole sold 673 shares of the stock in a transaction dated Tuesday, April 1st. The shares were 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 of the company's stock, valued at approximately $2,377,014.99. This trade represents a 4.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $176.68, for a total value of $5,742,100.00. Following the completion of the transaction, the chief executive officer now owns 2,555,196 shares of the company's stock, valued at $451,452,029.28. This trade represents a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 216,195 shares of company stock worth $35,764,898. 11.55% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
A number of equities research analysts have commented on the company. Piper Sandler increased their target price on Alphabet from $185.00 to $195.00 and gave the company an "overweight" rating in a report on Friday, April 25th. UBS Group set a $195.00 price objective on Alphabet in a research note on Friday, April 25th. Wedbush set a $190.00 price objective on Alphabet and gave the stock an "outperform" rating in a research report on Tuesday, April 15th. Jefferies Financial Group cut their target price on shares of Alphabet from $235.00 to $200.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Finally, Mizuho decreased their price target on shares of Alphabet from $230.00 to $205.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Ten research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $199.95.
Check Out Our Latest Stock Analysis on GOOGL
Alphabet Stock Performance
Shares of GOOGL stock opened at $178.53 on Monday. The company's fifty day simple moving average is $166.45 and its 200-day simple moving average is $174.26. 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 52 week low of $140.53 and a 52 week high of $207.05. The company has a market cap of $2.17 trillion, a PE ratio of 19.90, a P/E/G ratio of 1.26 and a beta of 1.01.
Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS 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 firm had revenue of $76.49 billion for the quarter, compared to analyst estimates of $89.30 billion. During the same period in the previous year, the company posted $1.89 EPS. As a group, equities research analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.
Alphabet Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 9th were given a $0.21 dividend. This is a boost from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date was Monday, June 9th. Alphabet's dividend payout ratio is presently 9.36%.
About Alphabet
(
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.
Featured Stories
Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Alphabet, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alphabet wasn't on the list.
While Alphabet currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
