Integrated Advisors Network LLC Decreases Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Integrated Advisors Network LLC lowered its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 12.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 117,447 shares of the information services provider's stock after selling 16,630 shares during the period. Alphabet accounts for 0.9% of Integrated Advisors Network LLC's holdings, making the stock its 15th biggest position. Integrated Advisors Network LLC's holdings in Alphabet were worth $18,162,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in GOOGL. Compass Planning Associates Inc acquired a new stake in Alphabet during the fourth quarter worth about $30,000. PayPay Securities Corp boosted its position in Alphabet by 36.1% in the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock worth $46,000 after purchasing an additional 65 shares in the last quarter. Anderson Financial Strategies LLC acquired a new stake in shares of Alphabet during the 4th quarter worth approximately $49,000. Navigoe LLC acquired a new stake in shares of Alphabet during the 4th quarter worth approximately $51,000. Finally, Prudent Man Investment Management Inc. acquired a new stake in shares of Alphabet during the 4th quarter worth approximately $53,000. Hedge funds and other institutional investors own 40.03% of the company's stock.

Alphabet Stock Down 0.9%

Shares of Alphabet stock traded down $1.65 during trading hours on Thursday, hitting $175.70. The company had a trading volume of 20,879,613 shares, compared to its average volume of 30,364,105. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The company's 50-day moving average is $161.71 and its two-hundred day moving average is $174.51. The company has a market cap of $2.13 trillion, a P/E ratio of 21.83, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $207.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.79. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The company had revenue of $76.49 billion during the quarter, compared to the consensus estimate of $89.30 billion. During the same quarter in the prior year, the firm posted $1.89 earnings per share. Analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The company also recently disclosed 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. This represents a $0.84 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Monday, June 9th. Alphabet's dividend payout ratio is presently 9.36%.

Insider Buying and Selling at Alphabet

In other news, Director Kavitark Ram Shriram sold 10,500 shares of Alphabet stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total value of $1,837,500.00. Following the sale, the director now owns 261,966 shares of the company's stock, valued at $45,844,050. The trade was a 3.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Kent Walker sold 11,764 shares of the firm's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $166.84, for a total transaction of $1,962,705.76. Following the completion of the sale, the insider now owns 49,037 shares of the company's stock, valued at approximately $8,181,333.08. The trade was a 19.35% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 195,570 shares of company stock worth $32,003,532. 11.64% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on GOOGL. Sanford C. Bernstein raised their price objective on shares of Alphabet from $165.00 to $185.00 and gave the stock a "market perform" rating in a research note on Friday, April 25th. Citigroup increased their target price on shares of Alphabet from $195.00 to $200.00 and gave the stock a "buy" rating in a research note on Friday, April 25th. Tigress Financial upped their price target on Alphabet from $220.00 to $240.00 and gave the stock a "strong-buy" rating in a report on Wednesday, April 30th. Westpark Capital reiterated a "buy" rating and set a $210.00 price target on shares of Alphabet in a research report on Thursday, May 8th. Finally, Oppenheimer boosted their price objective on Alphabet from $185.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, April 25th. Ten analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of "Moderate Buy" and a consensus price target of $199.75.

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.