Global Assets Advisory LLC raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 338.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,775 shares of the information services provider's stock after purchasing an additional 3,686 shares during the period. Global Assets Advisory LLC's holdings in Alphabet were worth $742,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in GOOG. LSV Asset Management acquired a new stake in shares of Alphabet in the 4th quarter valued at approximately $27,000. Principia Wealth Advisory LLC raised its position in shares of Alphabet by 111.8% in the 1st quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock valued at $26,000 after acquiring an additional 85 shares during the period. WealthTrak Capital Management LLC acquired a new stake in shares of Alphabet in the 4th quarter valued at approximately $38,000. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Alphabet in the 4th quarter valued at approximately $39,000. Finally, Noble Wealth Management PBC acquired a new stake in shares of Alphabet in the 4th quarter valued at approximately $43,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Alphabet news, CAO Amie Thuener O'toole sold 673 shares of Alphabet stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total value of $104,537.09. Following the transaction, the chief accounting officer now owns 15,303 shares in the company, valued at $2,377,014.99. The trade was a 4.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $176.68, for a total value of $5,742,100.00. Following the completion of the transaction, the chief executive officer now owns 2,555,196 shares in the company, valued at approximately $451,452,029.28. This represents a 1.26% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 216,195 shares of company stock worth $35,764,898. Company insiders own 12.99% of the company's stock.
Alphabet Stock Performance
Shares of GOOG traded up $3.84 during midday trading on Friday, reaching $178.27. 73,956,281 shares of the stock were exchanged, compared to its average volume of 20,984,165. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $208.70. 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 company has a market cap of $2.16 trillion, a P/E ratio of 19.87, a PEG ratio of 1.26 and a beta of 1.01. The stock's 50 day simple moving average is $167.82 and its 200 day simple moving average is $175.90.
Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 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 company had revenue of $90.23 billion for the quarter, compared to analysts' expectations of $89.30 billion. During the same quarter last year, the business earned $1.89 earnings per share. Alphabet's revenue was up 12.0% on a year-over-year basis. On average, sell-side analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current year.
Alphabet Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 9th were given a $0.21 dividend. The ex-dividend date of this dividend was Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.47%. This is a boost from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio (DPR) is presently 9.36%.
Wall Street Analysts Forecast Growth
GOOG has been the topic of a number of analyst reports. Citigroup reiterated a "sell" rating on shares of Alphabet in a research report on Wednesday, April 23rd. UBS Group cut their price target on shares of Alphabet from $209.00 to $173.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Tigress Financial reissued a "strong-buy" rating on shares of Alphabet in a research note on Friday, May 2nd. Rosenblatt Securities raised Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Finally, Citizens Jmp raised Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Thursday. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and six have given a strong buy rating to the company. According to data from MarketBeat.com, Alphabet presently has a consensus rating of "Moderate Buy" and a consensus price target of $206.38.
View Our Latest Research Report on GOOG
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.
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