Argentarii LLC Has $6.66 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Argentarii LLC lifted its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,089 shares of the information services provider's stock after buying an additional 1,448 shares during the period. Alphabet comprises 3.3% of Argentarii LLC's holdings, making the stock its 4th largest position. Argentarii LLC's holdings in Alphabet were worth $6,663,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in GOOGL. Atlantic Edge Private Wealth Management LLC increased its holdings in Alphabet by 1.1% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 22,722 shares of the information services provider's stock worth $3,514,000 after purchasing an additional 252 shares in the last quarter. McGlone Suttner Wealth Management Inc. increased its holdings in Alphabet by 2.3% during the 1st quarter. McGlone Suttner Wealth Management Inc. now owns 19,301 shares of the information services provider's stock worth $2,985,000 after purchasing an additional 439 shares in the last quarter. CoreFirst Bank & Trust increased its holdings in Alphabet by 14.7% during the 1st quarter. CoreFirst Bank & Trust now owns 3,075 shares of the information services provider's stock worth $476,000 after purchasing an additional 395 shares in the last quarter. Lee Danner & Bass Inc. increased its holdings in Alphabet by 5.1% during the 1st quarter. Lee Danner & Bass Inc. now owns 18,968 shares of the information services provider's stock worth $2,933,000 after purchasing an additional 928 shares in the last quarter. Finally, Vickerman Investment Advisors Inc. increased its holdings in Alphabet by 10.8% during the 1st quarter. Vickerman Investment Advisors Inc. now owns 31,370 shares of the information services provider's stock worth $4,851,000 after purchasing an additional 3,049 shares in the last quarter. Institutional investors own 40.03% of the company's stock.

Alphabet Trading Up 1.4%

Shares of GOOGL stock opened at $180.19 on Friday. The firm has a 50 day moving average price of $170.32 and a two-hundred day moving average price of $173.31. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $2.19 trillion, a PE ratio of 20.09, a price-to-earnings-growth ratio of 1.27 and a beta of 1.00. 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 issued its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.79. The firm had revenue of $76.49 billion during the quarter, compared to the consensus estimate of $89.30 billion. Alphabet had a net margin of 30.86% and a return on equity of 34.54%. During the same period last year, the business posted $1.89 earnings per share. As a group, analysts predict 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. Shareholders of record on Monday, June 9th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, June 9th. This is an increase from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 0.47%. Alphabet's dividend payout ratio (DPR) is 9.36%.

Insiders Place Their Bets

In other Alphabet news, Director Kavitark Ram Shriram sold 9,000 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total transaction of $1,575,000.00. Following the completion of the sale, the director directly owned 255,400 shares in the company, valued at $44,695,000. This trade represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John L. Hennessy sold 600 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total transaction of $105,000.00. Following the sale, the director owned 6,813 shares of the company's stock, valued at $1,192,275. This trade represents a 8.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 215,643 shares of company stock worth $36,330,928 over the last three months. Insiders own 11.64% of the company's stock.

Analyst Upgrades and Downgrades

GOOGL has been the subject of a number of research reports. DA Davidson lowered their target price on Alphabet from $200.00 to $160.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Cantor Fitzgerald restated a "neutral" rating and issued a $171.00 price objective on shares of Alphabet in a report on Wednesday, June 25th. BNP Paribas Exane restated a "neutral" rating and issued a $172.00 price objective on shares of Alphabet in a report on Friday, June 27th. Tigress Financial raised their price objective on Alphabet from $220.00 to $240.00 and gave the company a "strong-buy" rating in a report on Wednesday, April 30th. Finally, Wedbush set a $190.00 price objective on Alphabet and gave the company an "outperform" rating in a report on Tuesday, April 15th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, Alphabet presently has a consensus rating of "Moderate Buy" and an average target price of $199.61.

About Alphabet

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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