Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Bridge Creek Capital Management LLC

Bridge Creek Capital Management LLC reduced its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 3.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 47,541 shares of the information services provider's stock after selling 1,594 shares during the period. Alphabet accounts for approximately 2.3% of Bridge Creek Capital Management LLC's holdings, making the stock its 6th biggest position. Bridge Creek Capital Management LLC's holdings in Alphabet were worth $7,427,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Fiduciary Advisors Inc. bought a new stake in shares of Alphabet in the fourth quarter valued at approximately $27,000. LSV Asset Management acquired a new position in Alphabet during the 4th quarter valued at $27,000. WealthTrak Capital Management LLC bought a new stake in Alphabet in the 4th quarter valued at $38,000. Mountain Hill Investment Partners Corp. acquired a new stake in Alphabet in the 4th quarter worth $39,000. Finally, Noble Wealth Management PBC bought a new position in shares of Alphabet during the 4th quarter worth about $43,000. 27.26% of the stock is owned by institutional investors.

Alphabet Price Performance

Alphabet stock traded up $0.42 during trading hours on Thursday, hitting $169.81. 24,768,167 shares of the stock were exchanged, compared to its average volume of 20,311,637. Alphabet Inc. has a 12 month low of $142.66 and a 12 month high of $208.70. The business's 50-day moving average is $161.29 and its two-hundred day moving average is $176.14. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a market capitalization of $2.06 trillion, a P/E ratio of 21.09, a P/E/G ratio of 1.34 and a beta of 1.01.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, topping analysts' consensus estimates of $2.02 by $0.79. The company had revenue of $90.23 billion for the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The business's revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.89 earnings per share. Equities research analysts expect that Alphabet Inc. will post 8.89 EPS 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 issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a yield of 0.49%. This is a positive change from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio is currently 9.36%.

Analyst Upgrades and Downgrades

GOOG has been the subject of several research reports. Morgan Stanley reiterated an "overweight" rating on shares of Alphabet in a research note on Wednesday, February 5th. JPMorgan Chase & Co. upped their price target on Alphabet from $180.00 to $195.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Tigress Financial reissued a "strong-buy" rating on shares of Alphabet in a report on Friday, May 2nd. Cantor Fitzgerald restated a "neutral" rating and set a $171.00 price objective on shares of Alphabet in a research report on Friday, April 25th. Finally, Susquehanna reiterated a "positive" rating on shares of Alphabet in a research note on Friday, May 2nd. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and five have given a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet presently has an average rating of "Moderate Buy" and a consensus price target of $204.88.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 673 shares of the stock in a transaction on Tuesday, April 1st. The stock was 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 in the company, valued at approximately $2,377,014.99. This trade represents a 4.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total value of $5,153,200.00. Following the completion of the sale, the chief executive officer now directly owns 2,717,696 shares of the company's stock, valued at $430,917,877.76. This trade represents a 1.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 195,770 shares of company stock worth $32,036,638. 12.99% of the stock is currently owned by corporate insiders.

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.