Alphabet Inc. (NASDAQ:GOOGL) is ST Germain D J Co. Inc.'s 4th Largest Position

ST Germain D J Co. Inc. reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 423,365 shares of the information services provider's stock after selling 4,124 shares during the period. Alphabet comprises 3.1% of ST Germain D J Co. Inc.'s investment portfolio, making the stock its 4th biggest position. ST Germain D J Co. Inc.'s holdings in Alphabet were worth $65,469,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of GOOGL. Macroview Investment Management LLC raised its position in shares of Alphabet by 4.2% in the 4th quarter. Macroview Investment Management LLC now owns 1,293 shares of the information services provider's stock valued at $245,000 after purchasing an additional 52 shares during the last quarter. Cornerstone Planning Group LLC raised its holdings in shares of Alphabet by 2.3% in the fourth quarter. Cornerstone Planning Group LLC now owns 2,381 shares of the information services provider's stock worth $457,000 after buying an additional 53 shares during the last quarter. Addison Advisors LLC lifted its stake in shares of Alphabet by 0.7% during the fourth quarter. Addison Advisors LLC now owns 7,527 shares of the information services provider's stock worth $1,425,000 after buying an additional 53 shares during the period. Burt Wealth Advisors grew its holdings in shares of Alphabet by 1.0% during the fourth quarter. Burt Wealth Advisors now owns 5,307 shares of the information services provider's stock valued at $1,005,000 after buying an additional 54 shares during the last quarter. Finally, Perritt Capital Management Inc grew its holdings in shares of Alphabet by 10.4% during the fourth quarter. Perritt Capital Management Inc now owns 618 shares of the information services provider's stock valued at $117,000 after buying an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

Insider Buying and Selling

In related news, CAO Amie Thuener O'toole sold 673 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total value of $104,537.09. Following the transaction, the chief accounting officer now directly owns 15,303 shares of the company's stock, valued at $2,377,014.99. This trade represents a 4.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John L. Hennessy sold 200 shares of the business's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total transaction of $33,106.00. Following the completion of the sale, the director now directly owns 7,813 shares of the company's stock, valued at approximately $1,293,285.89. This trade represents a 2.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 195,770 shares of company stock valued at $32,036,638 in the last ninety days. Company insiders own 11.64% of the company's stock.

Alphabet Trading Up 0.1%

NASDAQ:GOOGL traded up $0.16 during trading hours on Thursday, reaching $168.21. 34,329,160 shares of the stock were exchanged, compared to its average volume of 30,072,228. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $207.05. The business has a 50-day moving average of $159.54 and a two-hundred day moving average of $174.43. The company has a market capitalization of $2.04 trillion, a price-to-earnings ratio of 20.90, a PEG ratio of 1.34 and a beta of 1.01. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating analysts' consensus estimates of $2.02 by $0.79. The company had revenue of $76.49 billion during the quarter, compared to analysts' expectations of $89.30 billion. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. During the same period last year, the business posted $1.89 EPS. On average, equities analysts predict that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be issued a $0.21 dividend. The ex-dividend date is Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.50%. This is a boost from Alphabet's previous quarterly dividend of $0.20. Alphabet's payout ratio is 9.36%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Truist Financial lowered their price target on Alphabet from $220.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. BMO Capital Markets reaffirmed an "outperform" rating and set a $200.00 target price (down previously from $230.00) on shares of Alphabet in a report on Thursday, April 17th. Wedbush set a $190.00 target price on Alphabet and gave the company an "outperform" rating in a research report on Tuesday, April 15th. Mizuho reduced their price target on shares of Alphabet from $230.00 to $205.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Finally, Oppenheimer lifted their price objective on shares of Alphabet from $185.00 to $200.00 and gave the company an "outperform" rating in a research note on Friday, April 25th. Ten research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $199.75.

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.