Alphabet Inc. (NASDAQ:GOOG) is Cutter & CO Brokerage Inc.'s 5th Largest Position

Cutter & CO Brokerage Inc. lifted its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 4.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 109,214 shares of the information services provider's stock after buying an additional 4,157 shares during the quarter. Alphabet comprises 4.0% of Cutter & CO Brokerage Inc.'s portfolio, making the stock its 5th biggest holding. Cutter & CO Brokerage Inc.'s holdings in Alphabet were worth $17,063,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Brighton Jones LLC grew its position in shares of Alphabet by 5.6% during the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider's stock worth $22,901,000 after buying an additional 6,410 shares during the period. Bank Pictet & Cie Europe AG grew its position in shares of Alphabet by 4.3% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 506,535 shares of the information services provider's stock worth $96,465,000 after buying an additional 20,855 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Alphabet during the 4th quarter worth about $1,551,533,000. one8zero8 LLC acquired a new position in shares of Alphabet in the 4th quarter valued at approximately $5,744,000. Finally, Tidemark LLC grew its position in shares of Alphabet by 13.3% in the 4th quarter. Tidemark LLC now owns 2,293 shares of the information services provider's stock valued at $437,000 after purchasing an additional 270 shares during the period. 27.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GOOG has been the topic of several research reports. Roth Capital restated a "buy" rating on shares of Alphabet in a research note on Wednesday, July 9th. Citigroup reiterated a "sell" rating on shares of Alphabet in a research report on Wednesday, April 23rd. Westpark Capital restated a "buy" rating and issued a $210.00 price target on shares of Alphabet in a research note on Friday, April 25th. Piper Sandler reissued a "neutral" rating on shares of Alphabet in a report on Wednesday, July 9th. Finally, Scotiabank reduced their target price on Alphabet from $232.00 to $200.00 and set a "sector outperform" rating on the stock in a report on Monday, April 21st. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and five have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $208.40.

Alphabet Trading Up 0.5%

GOOG traded up $0.93 on Thursday, hitting $184.70. 21,615,710 shares of the company were exchanged, compared to its average volume of 21,546,006. Alphabet Inc. has a 12 month low of $142.66 and a 12 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 firm has a fifty day simple moving average of $173.39 and a two-hundred day simple moving average of $174.75. The stock has a market capitalization of $2.24 trillion, a PE ratio of 20.59, a price-to-earnings-growth ratio of 1.28 and a beta of 1.01.

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

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 9th were issued a $0.21 dividend. The ex-dividend date was Monday, June 9th. This represents a $0.84 annualized dividend and a yield of 0.45%. This is a boost from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio (DPR) is 9.36%.

Insiders Place Their Bets

In other news, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $184.38, for a total value of $5,992,350.00. Following the completion of the transaction, the chief executive officer owned 2,527,392 shares in the company, valued at $466,000,536.96. This trade represents a 1.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John L. Hennessy sold 400 shares of the firm's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $181.98, for a total value of $72,792.00. Following the completion of the transaction, the director owned 6,013 shares of the company's stock, valued at approximately $1,094,245.74. The trade was a 6.24% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 215,843 shares of company stock worth $37,288,490. 12.99% of the stock is currently owned by company 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.