Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Kathmere Capital Management LLC

Kathmere Capital Management LLC lifted its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 23.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,506 shares of the information services provider's stock after purchasing an additional 1,987 shares during the period. Kathmere Capital Management LLC's holdings in Alphabet were worth $1,625,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. von Borstel & Associates Inc. acquired a new position in shares of Alphabet in the 1st quarter valued at $28,000. Financial Gravity Asset Management Inc. acquired a new stake in Alphabet in the 1st quarter valued at about $39,000. Anderson Financial Strategies LLC acquired a new position in Alphabet during the 4th quarter valued at about $49,000. Navigoe LLC acquired a new position in Alphabet in the fourth quarter valued at about $51,000. Finally, Elite Financial Inc. acquired a new position in Alphabet during the first quarter valued at approximately $42,000. 40.03% of the stock is currently owned by institutional investors.

Insider Activity

In other Alphabet 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 transaction of $1,837,500.00. Following the completion of the transaction, the director owned 261,966 shares in the company, valued at approximately $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 SEC, which is accessible through this link. Also, Director John L. Hennessy sold 600 shares of Alphabet stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total value of $105,000.00. Following the sale, the director owned 6,813 shares of the company's stock, valued at approximately $1,192,275. This represents a 8.09% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 215,843 shares of company stock valued at $37,288,490. Company insiders own 11.64% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on GOOGL. UBS Group increased their price objective on Alphabet from $186.00 to $192.00 and gave the stock a "neutral" rating in a report on Wednesday. JMP Securities upgraded Alphabet from a "market perform" rating to a "market outperform" rating and set a $220.00 price objective on the stock in a research report on Friday, June 27th. JPMorgan Chase & Co. reduced their price objective on shares of Alphabet from $220.00 to $180.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Piper Sandler upped their price objective on shares of Alphabet from $185.00 to $195.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Finally, Westpark Capital reaffirmed a "buy" rating and set a $210.00 price target on shares of Alphabet in a research note on Thursday, May 8th. Ten investment analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, Alphabet currently has an average rating of "Moderate Buy" and a consensus price target of $201.68.

Alphabet Trading Up 0.8%

Shares of GOOGL traded up $1.48 during mid-day trading on Friday, reaching $185.06. The stock had a trading volume of 33,864,714 shares, compared to its average volume of 32,179,845. The firm has a market cap of $2.25 trillion, a price-to-earnings ratio of 20.63, a P/E/G ratio of 1.30 and a beta of 1.00. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $207.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.77 and a quick ratio of 1.77. The business's fifty day moving average is $172.90 and its 200 day moving average is $173.12.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted 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. The firm had revenue of $76.49 billion for 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 in the previous year, the business earned $1.89 EPS. On average, sell-side analysts predict that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 9th were paid 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 0.45%. The ex-dividend date of this dividend was Monday, June 9th. Alphabet's dividend payout ratio (DPR) is 9.36%.

Alphabet Company Profile

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.