Linden Thomas Advisory Services LLC Has $3.44 Million Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Linden Thomas Advisory Services LLC raised its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 7.8% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 22,222 shares of the information services provider's stock after buying an additional 1,603 shares during the quarter. Linden Thomas Advisory Services LLC's holdings in Alphabet were worth $3,436,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of GOOGL. von Borstel & Associates Inc. acquired a new position in shares of Alphabet during the 1st quarter worth $28,000. Elite Financial Inc. acquired a new position in shares of Alphabet during the 1st quarter worth $42,000. Anderson Financial Strategies LLC acquired a new position in shares of Alphabet during the 4th quarter worth $49,000. EQ Wealth Advisors LLC acquired a new position in shares of Alphabet during the 1st quarter worth $49,000. Finally, Navigoe LLC acquired a new position in shares of Alphabet during the 4th quarter worth $51,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. UBS Group upped their price target on shares of Alphabet from $186.00 to $192.00 and gave the stock a "neutral" rating in a research note on Wednesday. Royal Bank Of Canada reiterated an "outperform" rating and issued a $200.00 price objective on shares of Alphabet in a research report on Wednesday, April 23rd. Citizens Jmp upgraded shares of Alphabet from a "market perform" rating to an "outperform" rating and set a $220.00 target price on the stock in a report on Friday, June 27th. Tigress Financial upped their target price on shares of Alphabet from $220.00 to $240.00 and gave the company a "strong-buy" rating in a report on Wednesday, April 30th. Finally, DA Davidson dropped their price objective on shares of Alphabet from $200.00 to $160.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Ten analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $201.68.

Insider Activity

In other 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 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $184.38, for a total value of $5,992,350.00. Following the transaction, the chief executive officer directly owned 2,527,392 shares in the company, valued at approximately $466,000,536.96. The trade was a 1.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety 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.

Alphabet Stock Performance

GOOGL traded up $0.47 during trading hours on Friday, hitting $184.05. 10,761,344 shares of the stock were exchanged, compared to its average volume of 32,009,831. The stock has a 50-day simple moving average of $172.26 and a 200-day simple moving average of $173.15. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $207.05. The stock has a market cap of $2.23 trillion, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 1.28 and a beta of 1.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.77 and a quick ratio of 1.77.

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

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 9th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.46%. This is a positive change from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date 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.