Compass Capital Management Inc. Has $54.53 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Compass Capital Management Inc. decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 352,625 shares of the information services provider's stock after selling 8,174 shares during the period. Alphabet comprises 3.6% of Compass Capital Management Inc.'s holdings, making the stock its 22nd largest holding. Compass Capital Management Inc.'s holdings in Alphabet were worth $54,530,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. SFM LLC acquired a new stake in shares of Alphabet during the 1st quarter worth approximately $3,781,000. Cornell Pochily Investment Advisors Inc. lifted its stake in Alphabet by 5.6% in the 1st quarter. Cornell Pochily Investment Advisors Inc. now owns 14,970 shares of the information services provider's stock valued at $2,315,000 after purchasing an additional 792 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its stake in Alphabet by 23.6% in the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 408,819 shares of the information services provider's stock valued at $63,220,000 after purchasing an additional 78,182 shares during the last quarter. Sound Income Strategies LLC lifted its stake in Alphabet by 5.4% in the 1st quarter. Sound Income Strategies LLC now owns 43,693 shares of the information services provider's stock valued at $6,757,000 after purchasing an additional 2,247 shares during the last quarter. Finally, Foster Victor Wealth Advisors LLC lifted its stake in Alphabet by 8.0% in the 1st quarter. Foster Victor Wealth Advisors LLC now owns 133,996 shares of the information services provider's stock valued at $21,056,000 after purchasing an additional 9,876 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Kavitark Ram Shriram sold 10,500 shares of Alphabet stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total transaction of $1,837,500.00. Following the completion of the transaction, the director now owns 261,966 shares in the company, valued at approximately $45,844,050. The trade was a 3.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $168.71, for a total value of $5,483,075.00. Following the transaction, the chief executive officer now owns 2,587,696 shares of the company's stock, valued at $436,570,192.16. This trade represents a 1.24% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 195,570 shares of company stock worth $32,003,532. Insiders own 11.64% of the company's stock.

Alphabet Trading Up 1.2%

GOOGL opened at $176.77 on Tuesday. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $207.05. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The company has a market cap of $2.15 trillion, a P/E ratio of 21.96, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. The company has a fifty day moving average price of $163.53 and a two-hundred day moving average price of $174.74.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.79. The firm had revenue of $76.49 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%. During the same period in the previous year, the firm posted $1.89 earnings per share. Analysts predict that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 9th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a yield of 0.48%. This is an increase from Alphabet's previous quarterly dividend of $0.20. Alphabet's payout ratio is 9.36%.

Analyst Ratings Changes

GOOGL has been the subject of several research reports. Mizuho dropped their price objective on shares of Alphabet from $230.00 to $205.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Tigress Financial increased their price objective on shares of Alphabet from $220.00 to $240.00 and gave the company a "strong-buy" rating in a research note on Wednesday, April 30th. JMP Securities reissued a "market perform" rating on shares of Alphabet in a research note on Wednesday, May 21st. Needham & Company LLC reaffirmed a "buy" rating and set a $178.00 price target on shares of Alphabet in a research note on Friday, April 25th. Finally, KeyCorp raised their price target on shares of Alphabet from $185.00 to $195.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Ten analysts have rated the stock with a hold rating, twenty-six have given a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, Alphabet presently has an average rating of "Moderate Buy" and an average price target of $199.75.

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.

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