Bellecapital International Ltd. Has $20.21 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

Bellecapital International Ltd. lessened its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 130,671 shares of the information services provider's stock after selling 2,466 shares during the quarter. Alphabet accounts for approximately 4.0% of Bellecapital International Ltd.'s portfolio, making the stock its 7th biggest position. Bellecapital International Ltd.'s holdings in Alphabet were worth $20,207,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in GOOGL. Mogy Joel R Investment Counsel Inc. lifted its stake in Alphabet by 0.9% during the first quarter. Mogy Joel R Investment Counsel Inc. now owns 308,812 shares of the information services provider's stock worth $47,755,000 after purchasing an additional 2,674 shares during the last quarter. Accordant Advisory Group Inc purchased a new stake in Alphabet during the first quarter worth approximately $193,000. West Oak Capital LLC lifted its stake in Alphabet by 4.2% during the first quarter. West Oak Capital LLC now owns 3,235 shares of the information services provider's stock worth $500,000 after purchasing an additional 130 shares during the last quarter. FMB Wealth Management lifted its stake in Alphabet by 3.5% during the first quarter. FMB Wealth Management now owns 3,917 shares of the information services provider's stock worth $606,000 after purchasing an additional 134 shares during the last quarter. Finally, Yarger Wealth Strategies LLC lifted its stake in Alphabet by 5.7% during the first quarter. Yarger Wealth Strategies LLC now owns 1,716 shares of the information services provider's stock worth $265,000 after purchasing an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

Insiders Place Their Bets

In related news, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $168.71, for a total value of $5,483,075.00. Following the transaction, the chief executive officer now owns 2,587,696 shares in the company, valued at approximately $436,570,192.16. The trade was a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Amie Thuener O'toole sold 673 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total value of $104,537.09. Following the completion of the transaction, the chief accounting officer now owns 15,303 shares in the company, valued at approximately $2,377,014.99. This trade represents a 4.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 195,570 shares of company stock worth $32,003,532 over the last quarter. 11.64% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on GOOGL shares. KeyCorp boosted their target price on Alphabet from $185.00 to $195.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Oppenheimer boosted their price objective on Alphabet from $185.00 to $200.00 and gave the company an "outperform" rating in a research note on Friday, April 25th. JMP Securities reiterated a "market perform" rating on shares of Alphabet in a research note on Wednesday, May 21st. Mizuho reduced their price objective on Alphabet from $230.00 to $205.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Finally, Cantor Fitzgerald reduced their price objective on Alphabet from $200.00 to $159.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Ten investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $199.75.

Alphabet Trading Down 0.6%

NASDAQ:GOOGL traded down $1.03 on Friday, hitting $174.67. 27,636,835 shares of the stock were exchanged, compared to its average volume of 30,440,616. The stock has a fifty day moving average of $162.89 and a 200-day moving average of $174.64. The stock has a market cap of $2.12 trillion, a PE ratio of 21.70, a PEG ratio of 1.34 and a beta of 1.01. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $207.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating the consensus estimate of $2.02 by $0.79. The firm had revenue of $76.49 billion for the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. During the same quarter last year, the firm posted $1.89 earnings per share. As a group, equities analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend is Monday, June 9th. This is a boost from Alphabet's previous quarterly dividend of $0.20. Alphabet's payout ratio is currently 9.36%.

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.