Lawson Kroeker Investment Management Inc. NE Sells 2,388 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Lawson Kroeker Investment Management Inc. NE decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 7.1% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,168 shares of the information services provider's stock after selling 2,388 shares during the quarter. Lawson Kroeker Investment Management Inc. NE's holdings in Alphabet were worth $4,820,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Burt Wealth Advisors raised its stake in Alphabet by 1.0% in the 4th quarter. Burt Wealth Advisors now owns 5,307 shares of the information services provider's stock valued at $1,005,000 after acquiring an additional 54 shares during the period. Perritt Capital Management Inc raised its stake in Alphabet by 10.4% in the 4th quarter. Perritt Capital Management Inc now owns 618 shares of the information services provider's stock valued at $117,000 after acquiring an additional 58 shares during the period. Nia Impact Advisors LLC raised its stake in Alphabet by 0.3% in the 4th quarter. Nia Impact Advisors LLC now owns 17,161 shares of the information services provider's stock valued at $3,249,000 after acquiring an additional 59 shares during the period. Hanlon Investment Management Inc. raised its stake in Alphabet by 1.7% in the 4th quarter. Hanlon Investment Management Inc. now owns 3,553 shares of the information services provider's stock valued at $673,000 after acquiring an additional 60 shares during the period. Finally, Enzi Wealth increased its position in shares of Alphabet by 2.5% during the first quarter. Enzi Wealth now owns 2,561 shares of the information services provider's stock valued at $408,000 after buying an additional 62 shares during the period. Hedge funds and other institutional investors own 40.03% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GOOGL. BMO Capital Markets reaffirmed an "outperform" rating and set a $200.00 target price (down previously from $230.00) on shares of Alphabet in a report on Thursday, April 17th. Truist Financial reaffirmed a "buy" rating and set a $200.00 target price on shares of Alphabet in a report on Wednesday, July 2nd. Tigress Financial upped their target price on shares of Alphabet from $220.00 to $240.00 and gave the stock a "strong-buy" rating in a report on Wednesday, April 30th. Bank of America upped their target price on shares of Alphabet from $185.00 to $200.00 and gave the stock a "buy" rating in a report on Friday, April 25th. Finally, Piper Sandler upped their target price on shares of Alphabet from $185.00 to $195.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $199.61.

Insiders Place Their Bets

In other Alphabet news, Director Kavitark Ram Shriram sold 10,500 shares of the firm'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 $1,837,500.00. Following the transaction, the director directly 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 600 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 $105,000.00. Following the transaction, the director directly owned 6,813 shares in the company, valued at approximately $1,192,275. The trade was a 8.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 215,643 shares of company stock valued at $36,330,928. Insiders own 11.64% of the company's stock.

Alphabet Stock Up 1.4%

Shares of NASDAQ:GOOGL traded up $2.57 on Friday, hitting $180.19. 34,129,675 shares of the company traded hands, compared to its average volume of 31,853,810. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $207.05. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.03. The stock has a 50 day simple moving average of $169.99 and a 200-day simple moving average of $173.57. The company has a market cap of $2.19 trillion, a PE ratio of 20.09, a PEG ratio of 1.24 and a beta of 1.00.

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

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 9th were given a dividend of $0.21 per share. The ex-dividend date was Monday, June 9th. This is a boost from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 0.47%. 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.