Alphabet Inc. (NASDAQ:GOOG) Shares Acquired by Bleakley Financial Group LLC

Bleakley Financial Group LLC lifted its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 4.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 167,716 shares of the information services provider's stock after buying an additional 6,669 shares during the period. Alphabet makes up approximately 0.8% of Bleakley Financial Group LLC's investment portfolio, making the stock its 25th biggest position. Bleakley Financial Group LLC's holdings in Alphabet were worth $26,202,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Hutchinson Capital Management CA increased its holdings in Alphabet by 1.5% during the fourth quarter. Hutchinson Capital Management CA now owns 3,555 shares of the information services provider's stock valued at $677,000 after buying an additional 54 shares during the period. Retirement Planning Co of New England Inc. increased its holdings in shares of Alphabet by 0.4% during the fourth quarter. Retirement Planning Co of New England Inc. now owns 15,977 shares of the information services provider's stock valued at $3,043,000 after acquiring an additional 56 shares in the last quarter. Concentrum Wealth Management lifted its stake in shares of Alphabet by 0.3% during the fourth quarter. Concentrum Wealth Management now owns 17,328 shares of the information services provider's stock worth $3,300,000 after buying an additional 57 shares during the period. JDM Financial Group LLC grew its stake in Alphabet by 10.6% during the 4th quarter. JDM Financial Group LLC now owns 593 shares of the information services provider's stock valued at $113,000 after purchasing an additional 57 shares during the last quarter. Finally, Kidder Stephen W boosted its holdings in shares of Alphabet by 1.6% in the 4th quarter. Kidder Stephen W now owns 3,608 shares of the information services provider's stock valued at $687,000 after acquiring an additional 58 shares during the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $178.52, for a total transaction of $5,801,900.00. Following the completion of the sale, the chief executive officer directly owned 2,559,892 shares of the company's stock, valued at $456,991,919.84. The trade was a 1.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John L. Hennessy sold 600 shares of the company'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 value of $105,000.00. Following the completion of the transaction, the director directly 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. Over the last three months, insiders sold 215,443 shares of company stock worth $36,298,548. Company insiders own 12.99% of the company's stock.

Alphabet Trading Up 0.8%

Shares of NASDAQ GOOG traded up $1.50 during midday trading on Monday, reaching $182.81. 20,968,875 shares of the stock were exchanged, compared to its average volume of 24,056,625. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $208.70. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.77 and a current ratio of 1.77. The stock has a market capitalization of $2.22 trillion, a P/E ratio of 20.38, a PEG ratio of 1.27 and a beta of 1.01. The company has a 50 day simple moving average of $171.50 and a 200 day simple moving average of $174.76.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, topping analysts' consensus estimates of $2.02 by $0.79. The firm had revenue of $90.23 billion during the quarter, compared to analysts' expectations of $89.30 billion. Alphabet had a net margin of 30.86% and a return on equity of 34.54%. The firm's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the company posted $1.89 EPS. As a group, equities analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 9th were paid a dividend of $0.21 per share. This is an increase from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend was Monday, June 9th. Alphabet's dividend payout ratio is presently 9.36%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Oppenheimer reaffirmed an "outperform" rating and set a $220.00 price objective (up previously from $200.00) on shares of Alphabet in a research note on Wednesday, July 9th. Rosenblatt Securities raised shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Westpark Capital reissued a "buy" rating and set a $210.00 target price on shares of Alphabet in a report on Friday, April 25th. Barclays restated a "buy" rating on shares of Alphabet in a research report on Wednesday, July 9th. Finally, Raymond James Financial reiterated an "outperform" rating on shares of Alphabet in a research report on Wednesday, July 9th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, eighteen have issued a buy rating and six have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $207.13.

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.