Alphabet Inc. (NASDAQ:GOOG) Shares Bought by BigSur Wealth Management LLC

BigSur Wealth Management LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 10.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,630 shares of the information services provider's stock after buying an additional 3,000 shares during the period. Alphabet accounts for about 1.3% of BigSur Wealth Management LLC's investment portfolio, making the stock its 18th biggest holding. BigSur Wealth Management LLC's holdings in Alphabet were worth $4,785,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of GOOG. Principia Wealth Advisory LLC lifted its holdings in Alphabet by 111.8% during the first quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock worth $26,000 after buying an additional 85 shares during the period. LSV Asset Management purchased a new stake in Alphabet during the fourth quarter worth $27,000. WealthTrak Capital Management LLC acquired a new position in shares of Alphabet during the fourth quarter worth $38,000. Mountain Hill Investment Partners Corp. acquired a new position in shares of Alphabet during the fourth quarter worth $39,000. Finally, Noble Wealth Management PBC acquired a new position in shares of Alphabet during the fourth quarter worth $43,000. Hedge funds and other institutional investors own 27.26% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Needham & Company LLC downgraded Alphabet from a "buy" rating to a "cautious" rating in a research report on Friday, May 2nd. KeyCorp reduced their price target on Alphabet from $202.00 to $185.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $171.00 price target on shares of Alphabet in a research report on Friday, April 25th. Westpark Capital reissued a "buy" rating and issued a $210.00 target price on shares of Alphabet in a research report on Friday, April 25th. Finally, Citigroup reissued a "sell" rating on shares of Alphabet in a research report on Wednesday, April 23rd. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and five have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $204.88.

Insider Activity at Alphabet

In other news, insider John Kent Walker sold 11,764 shares of the company's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $166.84, for a total value of $1,962,705.76. Following the completion of the sale, the insider now directly owns 49,037 shares of the company's stock, valued at approximately $8,181,333.08. This represents a 19.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Amie Thuener O'toole sold 673 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total transaction of $104,537.09. Following the completion of the sale, the chief accounting officer now directly owns 15,303 shares of the company's stock, valued at $2,377,014.99. The trade was a 4.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 195,570 shares of company stock valued at $32,003,532 over the last ninety days. Insiders own 12.99% of the company's stock.

Alphabet Stock Down 0.6%

Shares of NASDAQ:GOOG traded down $1.09 during trading on Friday, hitting $175.88. The company's stock had a trading volume of 20,848,122 shares, compared to its average volume of 20,511,658. The business has a 50 day moving average price of $164.57 and a two-hundred day moving average price of $176.34. The company has a market capitalization of $2.13 trillion, a PE ratio of 21.85, a P/E/G ratio of 1.34 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $208.70.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, topping the consensus estimate of $2.02 by $0.79. The business had revenue of $90.23 billion during the quarter, compared to the consensus estimate of $89.30 billion. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The company's quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.89 earnings per share. As a group, research analysts expect that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Increases Dividend

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