Kathmere Capital Management LLC Raises Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Kathmere Capital Management LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 19.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,049 shares of the information services provider's stock after acquiring an additional 4,048 shares during the quarter. Kathmere Capital Management LLC's holdings in Alphabet were worth $3,913,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of GOOG. Ballentine Partners LLC lifted its holdings in shares of Alphabet by 2.9% in the 1st quarter. Ballentine Partners LLC now owns 110,153 shares of the information services provider's stock worth $17,209,000 after buying an additional 3,091 shares during the period. Fort Sheridan Advisors LLC lifted its holdings in shares of Alphabet by 1.0% in the 1st quarter. Fort Sheridan Advisors LLC now owns 106,063 shares of the information services provider's stock worth $16,570,000 after buying an additional 1,018 shares during the period. Coyle Financial Counsel LLC lifted its holdings in shares of Alphabet by 1.3% in the 1st quarter. Coyle Financial Counsel LLC now owns 9,684 shares of the information services provider's stock worth $1,513,000 after buying an additional 123 shares during the period. Berbice Capital Management LLC lifted its stake in shares of Alphabet by 4.9% during the 1st quarter. Berbice Capital Management LLC now owns 15,040 shares of the information services provider's stock worth $2,350,000 after purchasing an additional 700 shares during the last quarter. Finally, Stillwater Wealth Management Group lifted its stake in shares of Alphabet by 2.6% during the 1st quarter. Stillwater Wealth Management Group now owns 15,038 shares of the information services provider's stock worth $2,349,000 after purchasing an additional 375 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company's stock.

Insider Transactions at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $178.52, for a total value of $5,801,900.00. Following the sale, the chief executive officer owned 2,559,892 shares in the company, valued at $456,991,919.84. This represents a 1.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John L. Hennessy sold 600 shares of the company's 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 completion of the sale, the director owned 6,813 shares in the company, valued at $1,192,275. The trade was a 8.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 215,643 shares of company stock worth $36,330,928 over the last quarter. 12.99% of the stock is currently owned by insiders.

Alphabet Stock Performance

Shares of GOOG stock traded up $2.61 during mid-day trading on Friday, reaching $181.31. The stock had a trading volume of 23,949,486 shares, compared to its average volume of 21,422,258. The business's fifty day moving average is $171.50 and its 200-day moving average is $175.07. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.03. The firm has a market cap of $2.20 trillion, a price-to-earnings ratio of 20.21, a PEG ratio of 1.26 and a beta of 1.01. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $208.70.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, beating 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 business had revenue of $90.23 billion for the quarter, compared to analyst estimates of $89.30 billion. During the same period in the prior year, the company earned $1.89 earnings per share. The company's revenue was up 12.0% on a year-over-year basis. On average, research analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders 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. The ex-dividend date was Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.46%. Alphabet's dividend payout ratio is presently 9.36%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on GOOG. Susquehanna restated a "positive" rating on shares of Alphabet in a research note on Friday, May 2nd. Raymond James Financial restated an "outperform" rating on shares of Alphabet in a research note on Wednesday. Piper Sandler restated a "neutral" rating on shares of Alphabet in a research note on Wednesday. Scotiabank decreased their price objective on Alphabet from $232.00 to $200.00 and set a "sector outperform" rating for the company in a research note on Monday, April 21st. Finally, Cantor Fitzgerald restated a "neutral" rating and set a $171.00 price objective on shares of Alphabet in a research note on Friday, April 25th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and six have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $207.13.

Alphabet 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.