38,159 Shares in Alphabet Inc. $GOOG Acquired by Capital Fund Management S.A.

Key Points

• Capital Fund Management S.A. acquired 38,159 shares of Alphabet Inc. valued at approximately $5,962,000 during Q1, according to SEC filings.
• CEO Sundar Pichai sold 32,500 shares for $6.5 million, reducing his ownership by 1.30%, while insiders have sold a total of $47.2 million in shares over the last 90 days.
• Alphabet announced a quarterly dividend of $0.21 per share, which will be paid on September 15, representing an annualized yield of 0.4%.

Capital Fund Management S.A. bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 38,159 shares of the information services provider's stock, valued at approximately $5,962,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Principia Wealth Advisory LLC increased its position in shares of Alphabet by 111.8% in the first quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock worth $26,000 after purchasing an additional 85 shares during the period. MorganRosel Wealth Management LLC bought a new stake in Alphabet during the first quarter worth $26,000. Goodman Advisory Group LLC bought a new position in Alphabet in the 1st quarter valued at $32,000. Greykasell Wealth Strategies Inc. bought a new position in shares of Alphabet during the 1st quarter worth $32,000. Finally, Graybill Wealth Management LTD. bought a new position in shares of Alphabet during the 1st quarter worth $44,000. 27.26% of the stock is owned by institutional investors.

Alphabet Stock Up 3.0%

Shares of NASDAQ GOOG traded up $6.10 during midday trading on Friday, hitting $206.72. 25,689,130 shares of the company's stock were exchanged, compared to its average volume of 19,873,476. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $209.23. The company has a market cap of $2.50 trillion, a PE ratio of 22.01, a P/E/G ratio of 1.39 and a beta of 1.02. The firm's fifty day simple moving average is $187.71 and its 200-day simple moving average is $174.73.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, beating the consensus estimate of $2.12 by $0.19. The business had revenue of $96.43 billion during the quarter, compared to analysts' expectations of $93.67 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.The company's quarterly revenue was up 13.8% compared to the same quarter last year. During the same period last year, the firm earned $1.89 EPS. Research analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 8th will be issued a dividend of $0.21 per share. The ex-dividend date is Monday, September 8th. This represents a $0.84 annualized dividend and a yield of 0.4%. Alphabet's payout ratio is currently 8.95%.

Insider Transactions at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $199.92, for a total value of $6,497,400.00. Following the sale, the chief executive officer owned 2,462,392 shares of the company's stock, valued at approximately $492,281,408.64. The trade was a 1.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John L. Hennessy sold 600 shares of the business's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $203.79, for a total value of $122,274.00. Following the sale, the director directly owned 6,316 shares in the company, valued at $1,287,137.64. This trade represents a 8.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 254,719 shares of company stock valued at $47,223,172 over the last 90 days. Insiders own 12.99% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on GOOG shares. Needham & Company LLC lowered Alphabet from a "buy" rating to a "cautious" rating in a research report on Friday, May 2nd. Susquehanna restated a "positive" rating on shares of Alphabet in a research report on Friday, May 2nd. Pivotal Research increased their price target on Alphabet from $225.00 to $245.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Scotiabank boosted their price objective on Alphabet from $200.00 to $240.00 and gave the company a "sector outperform" rating in a report on Tuesday, July 22nd. Finally, Barclays reiterated a "buy" rating on shares of Alphabet in a report on Wednesday, July 9th. Five equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $215.19.

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.