TFR Capital LLC. Raises Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

TFR Capital LLC. lifted its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 24.3% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,067 shares of the information services provider's stock after buying an additional 4,309 shares during the quarter. Alphabet makes up 1.4% of TFR Capital LLC.'s holdings, making the stock its 18th largest holding. TFR Capital LLC.'s holdings in Alphabet were worth $3,412,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. von Borstel & Associates Inc. purchased a new stake in Alphabet in the 1st quarter worth $28,000. Financial Gravity Asset Management Inc. purchased a new stake in Alphabet in the 1st quarter worth $39,000. Anderson Financial Strategies LLC purchased a new stake in shares of Alphabet in the fourth quarter worth about $49,000. Navigoe LLC purchased a new stake in shares of Alphabet in the fourth quarter worth about $51,000. Finally, Elite Financial Inc. purchased a new stake in shares of Alphabet in the first quarter worth about $42,000. Hedge funds and other institutional investors own 40.03% of the company's stock.

Alphabet Stock Performance

NASDAQ:GOOGL traded up $1.48 during mid-day trading on Friday, hitting $185.06. The company's stock had a trading volume of 33,864,714 shares, compared to its average volume of 32,179,845. Alphabet Inc. has a 1 year low of $140.53 and a 1 year 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 stock has a market cap of $2.25 trillion, a price-to-earnings ratio of 20.63, a PEG ratio of 1.30 and a beta of 1.00. The business's fifty day moving average is $172.90 and its two-hundred day moving average is $173.01.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results 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 net margin of 30.86% and a return on equity of 34.54%. The firm had revenue of $76.49 billion for the quarter, compared to the consensus estimate of $89.30 billion. During the same period in the prior year, the firm posted $1.89 earnings per share. Analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 9th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.45%. This is an increase from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date was Monday, June 9th. Alphabet's dividend payout ratio (DPR) is presently 9.36%.

Insider Buying and Selling at Alphabet

In related news, Director Kavitark Ram Shriram sold 10,500 shares of the firm's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total value of $1,837,500.00. Following the transaction, the director directly owned 261,966 shares of the company's stock, valued at approximately $45,844,050. This trade represents a 3.85% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $184.38, for a total value of $5,992,350.00. Following the completion of the transaction, the chief executive officer owned 2,527,392 shares in the company, valued at approximately $466,000,536.96. This trade represents a 1.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 215,843 shares of company stock valued at $37,288,490 over the last ninety days. Corporate insiders own 11.64% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GOOGL. Needham & Company LLC increased their price target on Alphabet from $178.00 to $210.00 and gave the company a "buy" rating in a report on Wednesday. JMP Securities upgraded Alphabet from a "market perform" rating to a "market outperform" rating and set a $220.00 price target on the stock in a report on Friday, June 27th. Jefferies Financial Group reduced their price target on Alphabet from $235.00 to $200.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Stifel Nicolaus reduced their price target on Alphabet from $225.00 to $192.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Finally, BNP Paribas lowered Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 26th. Ten research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Alphabet has an average rating of "Moderate Buy" and a consensus 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.