Alphabet Inc. (NASDAQ:GOOGL) is Joel Isaacson & Co. LLC's 8th Largest Position

Joel Isaacson & Co. LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 0.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 479,103 shares of the information services provider's stock after purchasing an additional 1,537 shares during the quarter. Alphabet makes up 3.4% of Joel Isaacson & Co. LLC's investment portfolio, making the stock its 8th biggest holding. Joel Isaacson & Co. LLC's holdings in Alphabet were worth $74,089,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of GOOGL. Rockbridge Capital Management LLC purchased a new position in shares of Alphabet in the 4th quarter valued at about $3,119,000. Optivise Advisory Services LLC increased its holdings in shares of Alphabet by 8.0% in the 4th quarter. Optivise Advisory Services LLC now owns 5,464 shares of the information services provider's stock valued at $1,035,000 after acquiring an additional 403 shares during the last quarter. Community Bank N.A. increased its holdings in shares of Alphabet by 6.4% in the 4th quarter. Community Bank N.A. now owns 46,173 shares of the information services provider's stock valued at $8,741,000 after acquiring an additional 2,790 shares during the last quarter. Falcon Wealth Planning increased its holdings in shares of Alphabet by 15.7% in the 1st quarter. Falcon Wealth Planning now owns 9,898 shares of the information services provider's stock valued at $1,531,000 after acquiring an additional 1,340 shares during the last quarter. Finally, Premier Fund Managers Ltd boosted its position in shares of Alphabet by 30.0% in the 4th quarter. Premier Fund Managers Ltd now owns 61,792 shares of the information services provider's stock valued at $11,816,000 after purchasing an additional 14,262 shares during the period. Hedge funds and other institutional investors own 40.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on GOOGL shares. DA Davidson decreased their target price on Alphabet from $200.00 to $160.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. JMP Securities raised Alphabet from a "market perform" rating to a "market outperform" rating and set a $220.00 target price for the company in a research report on Friday, June 27th. Mizuho decreased their target price on Alphabet from $230.00 to $205.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Rosenblatt Securities reissued a "neutral" rating and issued a $189.00 target price on shares of Alphabet in a research report on Wednesday, May 21st. Finally, UBS Group set a $195.00 target price on Alphabet in a research report on Friday, April 25th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat, Alphabet has an average rating of "Moderate Buy" and a consensus price target of $200.13.

Alphabet Price Performance

NASDAQ GOOGL traded down $2.43 during mid-day trading on Tuesday, hitting $174.36. The stock had a trading volume of 40,396,876 shares, compared to its average volume of 31,679,368. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $207.05. The company has a market cap of $2.12 trillion, a price-to-earnings ratio of 19.44, a P/E/G ratio of 1.25 and a beta of 1.00. The company has a 50 day simple moving average of $169.31 and a 200 day simple moving average of $173.67. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.79. The company had revenue of $76.49 billion during the quarter, compared to the consensus estimate of $89.30 billion. Alphabet had a return on equity of 34.54% and a net margin of 30.86%. During the same quarter last year, the business posted $1.89 earnings per share. Equities analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 9th were given a dividend of $0.21 per share. This is an increase from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date was Monday, June 9th. This represents a $0.84 annualized dividend and a yield of 0.48%. Alphabet's dividend payout ratio (DPR) is presently 9.36%.

Insiders Place Their Bets

In other Alphabet news, Director Kavitark Ram Shriram sold 10,500 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total transaction of $1,837,500.00. Following the completion of the transaction, the director owned 261,966 shares of the company's stock, valued at approximately $45,844,050. This trade represents a 3.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John L. Hennessy sold 600 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total value of $105,000.00. Following the transaction, the director directly owned 6,813 shares of the company's stock, valued at $1,192,275. The trade was a 8.09% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 215,643 shares of company stock valued at $36,330,928. Corporate insiders own 11.55% of the company's stock.

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.