Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. increased its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 468,308 shares of the information services provider's stock after purchasing an additional 13,770 shares during the quarter. Alphabet makes up 1.1% of Oppenheimer & Co. Inc.'s portfolio, making the stock its 9th biggest position. Oppenheimer & Co. Inc.'s holdings in Alphabet were worth $72,419,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GOOGL. Compass Planning Associates Inc acquired a new stake in Alphabet in the fourth quarter worth about $30,000. Anderson Financial Strategies LLC acquired a new position in shares of Alphabet during the 4th quarter worth about $49,000. EQ Wealth Advisors LLC acquired a new position in shares of Alphabet during the 1st quarter worth about $49,000. Navigoe LLC acquired a new position in shares of Alphabet during the 4th quarter worth about $51,000. Finally, Prudent Man Investment Management Inc. acquired a new position in shares of Alphabet during the 4th quarter worth about $53,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In other news, Director John L. Hennessy sold 200 shares of the company's stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $161.90, for a total transaction of $32,380.00. Following the sale, the director now owns 7,613 shares in the company, valued at $1,232,544.70. This represents a 2.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total value of $5,153,200.00. Following the sale, the chief executive officer now directly owns 2,717,696 shares of the company's stock, valued at $430,917,877.76. This represents a 1.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 216,195 shares of company stock worth $35,764,898 in the last 90 days. Corporate insiders own 11.64% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on GOOGL. BNP Paribas lowered Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday. Mizuho decreased their target price on Alphabet from $230.00 to $205.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Tigress Financial boosted their target price on Alphabet from $220.00 to $240.00 and gave the stock a "strong-buy" rating in a research report on Wednesday, April 30th. Westpark Capital restated a "buy" rating and set a $210.00 target price on shares of Alphabet in a research report on Thursday, May 8th. Finally, DA Davidson decreased their target price on Alphabet from $200.00 to $160.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and five have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $199.95.

Alphabet Stock Up 2.9%

NASDAQ:GOOGL traded up $4.99 during trading hours on Friday, reaching $178.53. 107,974,317 shares of the stock were exchanged, compared to its average volume of 31,238,454. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $207.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.77 and a quick ratio of 1.77. The firm has a 50 day moving average of $166.45 and a 200 day moving average of $174.52. The stock has a market cap of $2.17 trillion, a PE ratio of 19.90, a PEG ratio of 1.11 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.02 by $0.79. Alphabet had a return on equity of 34.54% and a net margin of 30.86%. The company had revenue of $76.49 billion for the quarter, compared to analysts' expectations of $89.30 billion. During the same quarter in the prior year, the business posted $1.89 EPS. On average, equities analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 9th were paid a dividend of $0.21 per share. The ex-dividend date was Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.47%. This is a boost from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio is currently 9.36%.

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.