Choreo LLC decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 5.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 237,899 shares of the information services provider's stock after selling 13,480 shares during the period. Choreo LLC's holdings in Alphabet were worth $36,789,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Oakwell Private Wealth Management LLC grew its stake in shares of Alphabet by 3.6% in the first quarter. Oakwell Private Wealth Management LLC now owns 7,488 shares of the information services provider's stock worth $1,158,000 after acquiring an additional 257 shares during the last quarter. Flynn Zito Capital Management LLC grew its stake in shares of Alphabet by 3.6% in the first quarter. Flynn Zito Capital Management LLC now owns 4,006 shares of the information services provider's stock worth $619,000 after acquiring an additional 141 shares during the last quarter. Hartford Funds Management Co LLC lifted its position in Alphabet by 2.1% in the 1st quarter. Hartford Funds Management Co LLC now owns 28,161 shares of the information services provider's stock valued at $4,355,000 after acquiring an additional 592 shares in the last quarter. PFG Advisors lifted its position in Alphabet by 15.4% in the 1st quarter. PFG Advisors now owns 32,661 shares of the information services provider's stock valued at $5,051,000 after acquiring an additional 4,370 shares in the last quarter. Finally, Ignite Planners LLC lifted its position in Alphabet by 55.1% in the 1st quarter. Ignite Planners LLC now owns 23,391 shares of the information services provider's stock valued at $3,773,000 after acquiring an additional 8,313 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.
Alphabet Trading Down 1.6%
Shares of Alphabet stock traded down $3.09 on Friday, hitting $188.81. 17,717,821 shares of the company traded hands, compared to its average volume of 37,048,895. The stock's 50 day moving average price is $177.91 and its 200-day moving average price is $173.12. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $207.05. The company has a market cap of $2.29 trillion, a PE ratio of 20.12, a PEG ratio of 1.33 and a beta of 1.00.
Alphabet Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 8th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Monday, September 8th. This represents a $0.84 dividend on an annualized basis and a yield of 0.4%. Alphabet's payout ratio is 8.95%.
Insider Buying and Selling
In other Alphabet news, Director Kavitark Ram Shriram sold 18,566 shares of Alphabet stock in a transaction on Friday, July 18th. The shares were sold at an average price of $185.76, for a total value of $3,448,820.16. Following the transaction, the director directly owned 243,400 shares of the company's stock, valued at approximately $45,213,984. The trade was a 7.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on 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 transaction, the chief executive officer directly owned 2,559,892 shares in the company, valued at $456,991,919.84. This represents a 1.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 249,399 shares of company stock valued at $43,525,794 in the last three months. 11.64% of the stock is currently owned by insiders.
Analysts Set New Price Targets
GOOGL has been the topic of several analyst reports. Wells Fargo & Company upped their price objective on Alphabet from $184.00 to $187.00 and gave the company an "equal weight" rating in a research report on Tuesday. Tigress Financial upped their price objective on Alphabet from $220.00 to $240.00 and gave the company a "strong-buy" rating in a research report on Wednesday, April 30th. Barclays upped their price objective on Alphabet from $220.00 to $235.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Oppenheimer increased their price target on Alphabet from $185.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, April 25th. Finally, Mizuho lowered their price target on Alphabet from $230.00 to $205.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Ten research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, Alphabet has an average rating of "Moderate Buy" and an average target price of $211.39.
Read Our Latest Report on GOOGL
Alphabet Profile
(
Free Report)
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.
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