Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Alfreton Capital LLP

Alfreton Capital LLP lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 12.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 350,000 shares of the information services provider's stock after selling 50,000 shares during the quarter. Alphabet accounts for 17.2% of Alfreton Capital LLP's portfolio, making the stock its 3rd largest position. Alfreton Capital LLP's holdings in Alphabet were worth $54,124,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of GOOGL. Guardian Wealth Management Inc. boosted its position in Alphabet by 242.9% during the 1st quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider's stock valued at $26,000 after purchasing an additional 119 shares during the period. von Borstel & Associates Inc. acquired a new position in Alphabet during the 1st quarter valued at approximately $28,000. IMA Advisory Services Inc. acquired a new position in Alphabet during the 1st quarter valued at approximately $28,000. Financial Gravity Asset Management Inc. acquired a new position in Alphabet during the 1st quarter valued at approximately $39,000. Finally, Elite Financial Inc. acquired a new position in Alphabet during the 1st quarter valued at approximately $42,000. Institutional investors and hedge funds own 40.03% of the company's stock.

Insider Buying and Selling

In other news, Director Kavitark Ram Shriram sold 15,000 shares of Alphabet stock in a transaction on Friday, July 18th. The stock was sold at an average price of $185.76, for a total transaction of $2,786,400.00. Following the transaction, the director owned 240,400 shares in the company, valued at approximately $44,656,704. The trade was a 5.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 400 shares of Alphabet stock in a transaction on Monday, July 14th. The shares were sold at an average price of $181.98, for a total value of $72,792.00. Following the transaction, the director owned 6,013 shares in the company, valued at $1,094,245.74. This represents a 6.24% decrease in their position. The disclosure for this sale can be found here. Insiders sold 273,219 shares of company stock valued at $49,474,273 over the last ninety days. 11.64% of the stock is currently owned by company insiders.

Alphabet Stock Up 2.5%

Shares of Alphabet stock opened at $201.42 on Friday. The stock's fifty day moving average is $180.89 and its 200-day moving average is $172.98. The firm has a market capitalization of $2.44 trillion, a PE ratio of 21.45, a price-to-earnings-growth ratio of 1.36 and a beta of 1.01. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $207.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.15 by $0.16. The company had revenue of $96,428,000 billion for the quarter, compared to analyst estimates of $93.60 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%. Equities analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 8th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, September 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.4%. Alphabet's payout ratio is 8.95%.

Analysts Set New Price Targets

GOOGL has been the subject of a number of analyst reports. KeyCorp boosted their price objective on Alphabet from $215.00 to $230.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. DA Davidson boosted their price objective on Alphabet from $160.00 to $180.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Wedbush boosted their price objective on Alphabet from $200.00 to $225.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. BMO Capital Markets boosted their price objective on Alphabet from $208.00 to $225.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Finally, Stifel Nicolaus lifted their target price on Alphabet from $200.00 to $218.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, Alphabet currently has a consensus rating of "Moderate Buy" and a consensus target price of $211.53.

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.

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