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Alphabet Inc. (NASDAQ:GOOG) Holdings Increased by Fox Hill Wealth Management

Alphabet logo with Computer and Technology background

Key Points

  • Fox Hill Wealth Management increased its stake in Alphabet Inc. by 11.2% during Q1, now holding 16,919 shares valued at approximately $2.64 million.
  • Insider trading activity revealed that John Kent Walker sold 23,820 shares of Alphabet, reducing his position by 35.65%.
  • Alphabet recently declared a quarterly dividend of $0.21 per share, resulting in an annualized yield of 0.4%.
  • Want stock alerts on Alphabet? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Fox Hill Wealth Management lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 11.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,919 shares of the information services provider's stock after acquiring an additional 1,708 shares during the quarter. Alphabet accounts for about 1.6% of Fox Hill Wealth Management's portfolio, making the stock its 16th largest position. Fox Hill Wealth Management's holdings in Alphabet were worth $2,643,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of GOOG. Dagco Inc. lifted its position in shares of Alphabet by 3.3% during the 1st quarter. Dagco Inc. now owns 7,096 shares of the information services provider's stock worth $1,109,000 after purchasing an additional 230 shares during the last quarter. LGT Group Foundation lifted its position in Alphabet by 15.3% in the first quarter. LGT Group Foundation now owns 438,602 shares of the information services provider's stock valued at $68,523,000 after acquiring an additional 58,194 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Alphabet by 2.3% in the first quarter. Russell Investments Group Ltd. now owns 5,890,477 shares of the information services provider's stock valued at $920,182,000 after acquiring an additional 133,031 shares during the last quarter. Prudential PLC lifted its position in Alphabet by 1.6% in the first quarter. Prudential PLC now owns 596,057 shares of the information services provider's stock valued at $93,122,000 after acquiring an additional 9,357 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. lifted its position in Alphabet by 6.6% in the first quarter. Resona Asset Management Co. Ltd. now owns 1,638,784 shares of the information services provider's stock valued at $255,984,000 after acquiring an additional 101,993 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Trading Up 0.5%

Shares of Alphabet stock traded up $1.09 during trading hours on Friday, hitting $204.91. The company's stock had a trading volume of 20,116,811 shares, compared to its average volume of 23,993,236. The company has a market capitalization of $2.48 trillion, a PE ratio of 21.82, a P/E/G ratio of 1.34 and a beta of 1.02. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $208.70. The business has a fifty day moving average of $184.61 and a 200 day moving average of $174.82.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.19. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The company had revenue of $96.43 billion during the quarter, compared to analyst estimates of $93.67 billion. During the same period last year, the business earned $1.89 EPS. The firm's revenue for the quarter was up 13.8% compared to the same quarter last year. As a group, equities analysts forecast that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 8th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Monday, September 8th. Alphabet's payout ratio is presently 8.95%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on GOOG shares. Needham & Company LLC lowered shares of Alphabet from a "buy" rating to a "cautious" rating in a research note on Friday, May 2nd. Citizens Jmp upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Thursday, June 26th. UBS Group lifted their price objective on shares of Alphabet from $186.00 to $192.00 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. Tigress Financial restated a "strong-buy" rating on shares of Alphabet in a research note on Friday, May 2nd. Finally, The Goldman Sachs Group restated a "buy" rating and issued a $220.00 price objective on shares of Alphabet in a research note on Monday, June 2nd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and five have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $215.19.

View Our Latest Analysis on GOOG

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Kavitark Ram Shriram sold 18,566 shares of the business's stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $185.76, for a total transaction of $3,448,820.16. Following the completion of the transaction, the director directly owned 243,400 shares of the company's stock, valued at $45,213,984. The trade was a 7.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John Kent Walker sold 23,820 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $194.70, for a total transaction of $4,637,754.00. Following the transaction, the insider directly owned 42,999 shares of the company's stock, valued at $8,371,905.30. The trade was a 35.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 274,819 shares of company stock valued at $49,796,547 in the last ninety days. Company insiders own 12.99% of the company's stock.

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.

Read More

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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