Dynamic Advisor Solutions LLC lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 135,712 shares of the information services provider's stock after selling 1,520 shares during the quarter. Dynamic Advisor Solutions LLC's holdings in Alphabet were worth $20,987,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Dohj LLC lifted its stake in shares of Alphabet by 1.5% in the 1st quarter. Dohj LLC now owns 21,721 shares of the information services provider's stock valued at $3,359,000 after purchasing an additional 322 shares during the period. Grant Private Wealth Management Inc raised its holdings in Alphabet by 11.6% in the first quarter. Grant Private Wealth Management Inc now owns 8,989 shares of the information services provider's stock worth $1,390,000 after purchasing an additional 931 shares in the last quarter. American Institute for Advanced Investment Management LLP lifted its position in Alphabet by 12.6% during the first quarter. American Institute for Advanced Investment Management LLP now owns 4,025 shares of the information services provider's stock valued at $622,000 after buying an additional 451 shares during the period. Cliftonlarsonallen Wealth Advisors LLC increased its stake in shares of Alphabet by 5.3% in the 1st quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 25,758 shares of the information services provider's stock worth $3,983,000 after acquiring an additional 1,288 shares in the last quarter. Finally, Missouri Trust & Investment Co lifted its position in Alphabet by 4.3% during the 1st quarter. Missouri Trust & Investment Co now owns 16,861 shares of the information services provider's stock valued at $2,607,000 after acquiring an additional 694 shares during the period. Institutional investors own 40.03% of the company's stock.
Insider Buying and Selling
In other news, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the completion of the sale, the chief executive officer now owns 2,717,696 shares in the company, valued at approximately $430,917,877.76. This represents a 1.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider John Kent Walker sold 11,764 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $166.84, for a total value of $1,962,705.76. Following the transaction, the insider now owns 49,037 shares in the company, valued at approximately $8,181,333.08. This trade represents a 19.35% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 195,570 shares of company stock worth $32,003,532. 11.64% of the stock is owned by company insiders.
Alphabet Price Performance
NASDAQ:GOOGL traded up $2.10 during trading hours on Monday, reaching $176.77. 27,324,356 shares of the company's stock were exchanged, compared to its average volume of 30,428,139. The company has a market capitalization 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. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $207.05. The business's 50-day simple moving average is $162.89 and its two-hundred day simple moving average is $174.68. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03.
Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, beating analysts' consensus estimates of $2.02 by $0.79. The business had revenue of $76.49 billion during the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. During the same quarter last year, the company posted $1.89 EPS. Sell-side analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.
Alphabet Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be issued a $0.21 dividend. This is an increase from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date is Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.48%. Alphabet's dividend payout ratio is currently 9.36%.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on GOOGL shares. BMO Capital Markets reiterated an "outperform" rating and set a $200.00 target price (down from $230.00) on shares of Alphabet in a report on Thursday, April 17th. DA Davidson reduced their price target on Alphabet from $200.00 to $160.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 price target on shares of Alphabet in a research note on Wednesday, April 23rd. 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 report on Wednesday, April 30th. Finally, Rosenblatt Securities reaffirmed a "neutral" rating and issued a $189.00 target price on shares of Alphabet in a report on Wednesday, May 21st. Ten analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $199.75.
Read Our Latest Analysis on Alphabet
About Alphabet
(
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.
Featured Articles
Before you consider Alphabet, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alphabet wasn't on the list.
While Alphabet currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
