Fidelis Capital Partners LLC Has $12.20 Million Holdings in Alphabet Inc. (NASDAQ:GOOG)

Fidelis Capital Partners LLC boosted its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 2.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,429 shares of the information services provider's stock after buying an additional 1,635 shares during the quarter. Alphabet makes up about 1.3% of Fidelis Capital Partners LLC's investment portfolio, making the stock its 18th largest position. Fidelis Capital Partners LLC's holdings in Alphabet were worth $12,195,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of the stock. Brighton Jones LLC boosted its stake in Alphabet by 5.6% in the fourth quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider's stock worth $22,901,000 after purchasing an additional 6,410 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its stake in Alphabet by 4.3% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 506,535 shares of the information services provider's stock worth $96,465,000 after purchasing an additional 20,855 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in Alphabet by 10.0% in the fourth quarter. Proficio Capital Partners LLC now owns 82,690 shares of the information services provider's stock worth $15,747,000 after purchasing an additional 7,548 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Alphabet in the fourth quarter worth $1,551,533,000. Finally, Austin Wealth Management LLC boosted its stake in Alphabet by 3.5% in the fourth quarter. Austin Wealth Management LLC now owns 6,951 shares of the information services provider's stock worth $1,373,000 after purchasing an additional 236 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company's stock.

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $178.52, for a total transaction of $5,801,900.00. Following the completion of the transaction, the chief executive officer owned 2,559,892 shares of the company's stock, valued at $456,991,919.84. This represents a 1.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kavitark Ram Shriram sold 9,000 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total value of $1,575,000.00. Following the transaction, the director directly owned 255,400 shares of the company's stock, valued at approximately $44,695,000. This trade represents a 3.40% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 215,643 shares of company stock valued at $36,330,928. 12.99% of the stock is owned by corporate insiders.

Alphabet Stock Up 1.5%

NASDAQ GOOG traded up $2.61 during trading hours on Friday, reaching $181.31. 23,949,486 shares of the company's stock were exchanged, compared to its average volume of 21,450,262. The company's 50-day moving average is $171.50 and its two-hundred day moving average is $174.92. Alphabet Inc. has a one year low of $142.66 and a one year 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 company has a market capitalization of $2.20 trillion, a price-to-earnings ratio of 20.21, a price-to-earnings-growth ratio of 1.27 and a beta of 1.01.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 period in the prior year, the business earned $1.89 EPS. Alphabet's revenue for the quarter was up 12.0% compared to the same quarter last year. On average, analysts forecast that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 9th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.46%. This is a boost from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date was Monday, June 9th. Alphabet's dividend payout ratio is presently 9.36%.

Wall Street Analysts Forecast Growth

GOOG has been the topic of a number of recent analyst reports. Tigress Financial reissued a "strong-buy" rating on shares of Alphabet in a research note on Friday, May 2nd. Scotiabank reduced their price objective on Alphabet from $232.00 to $200.00 and set a "sector outperform" rating on the stock in a research note on Monday, April 21st. Wells Fargo & Company restated an "equal weight" rating on shares of Alphabet in a research report on Wednesday. BNP Paribas downgraded Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 26th. Finally, Piper Sandler restated a "neutral" rating on shares of Alphabet in a research report on Wednesday. Three research analysts have rated the stock with a sell rating, five have given a hold rating, eighteen have assigned a buy rating and six have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $207.13.

Alphabet 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.