Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Cypress Advisory Group LLC

Cypress Advisory Group LLC decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 21.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,340 shares of the information services provider's stock after selling 2,880 shares during the period. Alphabet makes up about 1.5% of Cypress Advisory Group LLC's holdings, making the stock its 21st biggest position. Cypress Advisory Group LLC's holdings in Alphabet were worth $1,599,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Rockbridge Capital Management LLC acquired a new stake in shares of Alphabet in the fourth quarter valued at approximately $3,119,000. Optivise Advisory Services LLC raised its holdings in Alphabet by 8.0% in the 4th quarter. Optivise Advisory Services LLC now owns 5,464 shares of the information services provider's stock valued at $1,035,000 after acquiring an additional 403 shares during the last quarter. Community Bank N.A. lifted its stake in shares of Alphabet by 6.4% during the 4th quarter. Community Bank N.A. now owns 46,173 shares of the information services provider's stock worth $8,741,000 after purchasing an additional 2,790 shares during the period. Premier Fund Managers Ltd boosted its holdings in shares of Alphabet by 30.0% during the fourth quarter. Premier Fund Managers Ltd now owns 61,792 shares of the information services provider's stock worth $11,816,000 after purchasing an additional 14,262 shares during the last quarter. Finally, Absolute Capital Management LLC boosted its holdings in shares of Alphabet by 14.0% during the fourth quarter. Absolute Capital Management LLC now owns 2,096 shares of the information services provider's stock worth $401,000 after purchasing an additional 258 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

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

Alphabet Stock Performance

Shares of NASDAQ GOOGL traded down $2.63 during midday trading on Thursday, hitting $173.32. The company's stock had a trading volume of 28,640,034 shares, compared to its average volume of 30,477,180. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.77 and a current ratio of 1.77. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $207.05. The firm's fifty day moving average price is $164.17 and its 200-day moving average price is $174.73. The firm has a market cap of $2.10 trillion, a P/E ratio of 19.32, a P/E/G ratio of 1.11 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating analysts' consensus estimates of $2.02 by $0.79. The company had revenue of $76.49 billion during the quarter, compared to the consensus estimate of $89.30 billion. Alphabet had a return on equity of 34.54% and a net margin of 30.86%. During the same period in the previous year, the firm posted $1.89 earnings per share. On average, sell-side analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 9th were given a $0.21 dividend. The ex-dividend date of this dividend was Monday, June 9th. This is a positive change from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 0.48%. Alphabet's dividend payout ratio (DPR) is currently 9.36%.

Analyst Upgrades and Downgrades

Several research firms recently commented on GOOGL. Morgan Stanley dropped their target price on Alphabet from $210.00 to $185.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Bank of America raised their target price on shares of Alphabet from $185.00 to $200.00 and gave the stock a "buy" rating in a research report on Friday, April 25th. BMO Capital Markets reaffirmed an "outperform" rating and set a $200.00 price target (down previously from $230.00) on shares of Alphabet in a research report on Thursday, April 17th. Oppenheimer lifted their price target on shares of Alphabet from $185.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, April 25th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $200.00 price objective on shares of Alphabet in a report on Wednesday, April 23rd. Ten investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat, Alphabet presently has an average rating of "Moderate Buy" and a consensus target price of $199.75.

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.