Alphabet Inc. (NASDAQ:GOOGL) Stake Boosted by Davidson Kahn Capital Management LLC

Davidson Kahn Capital Management LLC lifted its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 11.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,790 shares of the information services provider's stock after buying an additional 2,876 shares during the period. Alphabet makes up about 3.4% of Davidson Kahn Capital Management LLC's holdings, making the stock its 6th biggest holding. Davidson Kahn Capital Management LLC's holdings in Alphabet were worth $4,452,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Macroview Investment Management LLC lifted its holdings in Alphabet by 4.2% in the fourth quarter. Macroview Investment Management LLC now owns 1,293 shares of the information services provider's stock worth $245,000 after acquiring an additional 52 shares during the last quarter. Addison Advisors LLC lifted its holdings in Alphabet by 0.7% in the fourth quarter. Addison Advisors LLC now owns 7,527 shares of the information services provider's stock worth $1,425,000 after acquiring an additional 53 shares during the last quarter. Burt Wealth Advisors lifted its holdings in Alphabet by 1.0% in the fourth quarter. Burt Wealth Advisors now owns 5,307 shares of the information services provider's stock worth $1,005,000 after acquiring an additional 54 shares during the last quarter. Perritt Capital Management Inc lifted its holdings in Alphabet by 10.4% in the fourth quarter. Perritt Capital Management Inc now owns 618 shares of the information services provider's stock worth $117,000 after acquiring an additional 58 shares during the last quarter. Finally, Nia Impact Advisors LLC lifted its holdings in Alphabet by 0.3% in the fourth quarter. Nia Impact Advisors LLC now owns 17,161 shares of the information services provider's stock worth $3,249,000 after acquiring an additional 59 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Alphabet news, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $161.90, for a total transaction of $32,380.00. Following the transaction, the director now directly owns 7,613 shares in the company, valued at approximately $1,232,544.70. The trade was a 2.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Amie Thuener O'toole sold 673 shares of Alphabet stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total transaction of $104,537.09. Following the transaction, the chief accounting officer now owns 15,303 shares in the company, valued at approximately $2,377,014.99. The trade was a 4.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 216,195 shares of company stock worth $35,764,898. Corporate insiders own 11.64% of the company's stock.

Alphabet Price Performance

Alphabet stock traded up $4.99 during mid-day trading on Friday, hitting $178.53. The company's stock had a trading volume of 107,974,317 shares, compared to its average volume of 31,246,814. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $2.17 trillion, a P/E ratio of 19.90, a P/E/G ratio of 1.14 and a beta of 1.01. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $207.05. The stock's fifty day moving average price is $166.45 and its two-hundred day moving average price is $174.38.

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 (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.79. The firm had revenue of $76.49 billion for the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a net margin of 30.86% and a return on equity of 34.54%. During the same quarter in the previous year, the business posted $1.89 earnings per share. Research analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 9th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.47%. This is a boost from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date was Monday, June 9th. Alphabet's payout ratio is presently 9.36%.

Analysts Set New Price Targets

GOOGL has been the topic of a number of recent analyst reports. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $171.00 price target on shares of Alphabet in a report on Wednesday. Needham & Company LLC reaffirmed a "buy" rating and set a $178.00 price target on shares of Alphabet in a report on Friday, April 25th. Citizens Jmp raised Alphabet from a "market perform" rating to a "strong-buy" rating and set a $220.00 price target on the stock in a report on Friday. Roth Mkm reaffirmed a "buy" rating and set a $220.00 price target on shares of Alphabet in a report on Wednesday, March 19th. Finally, Tigress Financial lifted their price target on Alphabet from $220.00 to $240.00 and gave the company a "strong-buy" rating in a report on Wednesday, April 30th. Ten analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and five have given a strong buy rating to the company's stock. Based on data from MarketBeat, Alphabet has an average rating of "Moderate Buy" and an average target price of $199.95.

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.