Alphabet Inc. (NASDAQ:GOOGL) is Little House Capital LLC's 8th Largest Position

Little House Capital LLC lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 62,536 shares of the information services provider's stock after selling 2,086 shares during the quarter. Alphabet comprises 2.7% of Little House Capital LLC's portfolio, making the stock its 8th largest holding. Little House Capital LLC's holdings in Alphabet were worth $9,671,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Compass Planning Associates Inc purchased a new position in shares of Alphabet during the fourth quarter worth about $30,000. Anderson Financial Strategies LLC purchased a new position in shares of Alphabet during the fourth quarter worth about $49,000. Navigoe LLC purchased a new position in shares of Alphabet during the fourth quarter worth about $51,000. Prudent Man Investment Management Inc. purchased a new position in shares of Alphabet during the fourth quarter worth about $53,000. Finally, Campbell Capital Management Inc. purchased a new position in shares of Alphabet during the fourth quarter worth about $57,000. Hedge funds and other institutional investors own 40.03% of the company's stock.

Alphabet Stock Performance

Shares of NASDAQ:GOOGL traded up $0.44 during midday trading on Friday, reaching $179.08. 21,689,729 shares of the company's stock traded hands, compared to its average volume of 31,547,766. The company has a market cap of $2.17 trillion, a price-to-earnings ratio of 19.96, a P/E/G ratio of 1.26 and a beta of 1.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.77 and a current ratio of 1.77. Alphabet Inc. has a one year low of $140.53 and a one year high of $207.05. The stock has a 50 day moving average of $168.70 and a 200 day moving average of $173.97.

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 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 company had revenue of $76.49 billion for the quarter, compared to the consensus estimate of $89.30 billion. During the same quarter in the prior year, the company earned $1.89 earnings per share. As a group, equities research analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 9th were paid a $0.21 dividend. The ex-dividend date was Monday, June 9th. This represents a $0.84 annualized dividend and a dividend yield of 0.47%. This is an increase from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio (DPR) is 9.36%.

Insider Transactions at Alphabet

In other 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 owned 261,966 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available through this hyperlink. Also, Director John L. Hennessy sold 600 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 $105,000.00. Following the completion of the transaction, the director directly owned 6,813 shares in the company, valued at $1,192,275. This trade represents 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 valued at $36,330,928 over the last quarter. 11.64% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Needham & Company LLC reissued a "buy" rating and set a $178.00 price objective on shares of Alphabet in a report on Friday, April 25th. Citizens Jmp upgraded Alphabet from a "market perform" rating to an "outperform" rating and set a $220.00 target price for the company in a research report on Friday, June 27th. JPMorgan Chase & Co. dropped their target price on Alphabet from $220.00 to $180.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Susquehanna dropped their target price on Alphabet from $225.00 to $220.00 and set a "positive" rating for the company in a research report on Friday, April 25th. Finally, Truist Financial restated a "buy" rating and issued a $200.00 target price on shares of Alphabet in a research report on Wednesday. Ten equities research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $199.95.

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.