Alphabet Inc. (NASDAQ:GOOG) Holdings Boosted by James Hambro & Partners LLP

James Hambro & Partners LLP grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 1.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 887,368 shares of the information services provider's stock after acquiring an additional 9,171 shares during the period. Alphabet comprises about 5.8% of James Hambro & Partners LLP's investment portfolio, making the stock its 5th biggest holding. James Hambro & Partners LLP's holdings in Alphabet were worth $138,531,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Principia Wealth Advisory LLC grew its stake in shares of Alphabet by 111.8% during the first 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 in the last quarter. LSV Asset Management acquired a new stake in shares of Alphabet during the fourth quarter valued at about $27,000. WealthTrak Capital Management LLC acquired a new stake in shares of Alphabet during the fourth quarter valued at about $38,000. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Alphabet during the fourth quarter valued at about $39,000. Finally, Noble Wealth Management PBC acquired a new stake in shares of Alphabet during the fourth quarter valued at about $43,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GOOG has been the subject of a number of research reports. Westpark Capital reiterated a "buy" rating and issued a $210.00 price target on shares of Alphabet in a research note on Friday, April 25th. Scotiabank cut their price target on Alphabet from $232.00 to $200.00 and set a "sector outperform" rating on the stock in a report on Monday, April 21st. Needham & Company LLC cut Alphabet from a "buy" rating to a "cautious" rating in a report on Friday, May 2nd. UBS Group cut their price target on Alphabet from $209.00 to $173.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Finally, KeyCorp cut their price target on Alphabet from $202.00 to $185.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and five have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $204.88.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 673 shares of the company's stock in a transaction on 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 of the company's stock, valued at approximately $2,377,014.99. This represents a 4.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $168.71, for a total value of $5,483,075.00. Following the completion of the transaction, the chief executive officer now directly owns 2,587,696 shares in the company, valued at $436,570,192.16. This represents a 1.24% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 195,570 shares of company stock valued at $32,003,532. Corporate insiders own 12.99% of the company's stock.

Alphabet Price Performance

Shares of NASDAQ GOOG traded down $1.09 during mid-day trading on Friday, reaching $175.88. 20,848,122 shares of the company traded hands, compared to its average volume of 20,511,658. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $208.70. 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 firm has a market cap of $2.13 trillion, a PE ratio of 21.85, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. The stock has a fifty day simple moving average of $164.57 and a 200-day simple moving average of $176.34.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings results 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. The company had revenue of $90.23 billion for the quarter, compared to analysts' expectations of $89.30 billion. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The firm's revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.89 earnings per share. Equities research analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.84 annualized dividend and a dividend yield of 0.48%. This is a boost from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio is currently 9.36%.

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.