Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by ESG Planning DBA Harper Investing

ESG Planning DBA Harper Investing increased its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 29.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,365 shares of the information services provider's stock after purchasing an additional 5,277 shares during the quarter. Alphabet accounts for 2.4% of ESG Planning DBA Harper Investing's investment portfolio, making the stock its 12th largest position. ESG Planning DBA Harper Investing's holdings in Alphabet were worth $3,613,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. von Borstel & Associates Inc. purchased a new stake in shares of Alphabet during the first quarter worth about $28,000. Financial Gravity Asset Management Inc. acquired a new position in shares of Alphabet in the first quarter valued at approximately $39,000. Anderson Financial Strategies LLC acquired a new position in shares of Alphabet in the fourth quarter valued at approximately $49,000. Navigoe LLC acquired a new position in shares of Alphabet in the fourth quarter valued at approximately $51,000. Finally, Elite Financial Inc. acquired a new position in shares of Alphabet in the first quarter valued at approximately $42,000. Hedge funds and other institutional investors own 40.03% of the company's stock.

Insider Transactions at Alphabet

In related news, Director Kavitark Ram Shriram sold 18,566 shares of the stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $185.76, for a total value of $3,448,820.16. Following the completion of the transaction, the director owned 243,400 shares in the company, valued at $45,213,984. This represents a 7.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $178.52, for a total transaction of $5,801,900.00. Following the completion of the sale, the chief executive officer directly owned 2,559,892 shares of the company's stock, valued at $456,991,919.84. The trade was a 1.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 249,409 shares of company stock valued at $43,523,710 in the last quarter. 11.64% of the stock is currently owned by insiders.

Alphabet Price Performance

GOOGL traded up $1.01 on Friday, reaching $193.18. The company had a trading volume of 39,738,342 shares, compared to its average volume of 41,427,228. The company has a fifty day moving average of $175.77 and a 200-day moving average of $172.93. The company has a market capitalization of $2.34 trillion, a P/E ratio of 20.57, a PEG ratio of 1.33 and a beta of 1.00. The company has a current ratio of 1.90, a quick ratio of 1.77 and a debt-to-equity ratio of 0.07. Alphabet Inc. has a one year low of $140.53 and a one year high of $207.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced 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 during the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. During the same quarter in the prior year, the firm posted $1.89 EPS. As a group, equities research analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 8th will be given a $0.21 dividend. The ex-dividend date of this dividend is Monday, September 8th. This represents a $0.84 dividend on an annualized basis and a yield of 0.43%. Alphabet's dividend payout ratio is presently 8.95%.

Analyst Upgrades and Downgrades

GOOGL has been the subject of a number of analyst reports. Guggenheim boosted their price objective on shares of Alphabet from $190.00 to $210.00 and gave the company a "buy" rating in a research report on Wednesday. BMO Capital Markets boosted their price objective on shares of Alphabet from $208.00 to $225.00 and gave the company an "outperform" rating in a research report on Thursday. Piper Sandler boosted their target price on shares of Alphabet from $195.00 to $220.00 and gave the company an "overweight" rating in a report on Thursday. Bank of America boosted their target price on shares of Alphabet from $210.00 to $217.00 and gave the company a "buy" rating in a report on Thursday. Finally, UBS Group boosted their price objective on shares of Alphabet from $192.00 to $202.00 and gave the stock a "neutral" rating in a research note on Thursday. Ten analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Alphabet has a consensus rating of "Moderate Buy" and an average price target of $211.32.

Alphabet Company 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.