Alphabet Inc. (NASDAQ:GOOGL) is Mmbg Investment Advisors CO.'s 4th Largest Position

Mmbg Investment Advisors CO. lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 322,778 shares of the information services provider's stock after acquiring an additional 7,256 shares during the quarter. Alphabet makes up approximately 5.6% of Mmbg Investment Advisors CO.'s holdings, making the stock its 4th biggest holding. Mmbg Investment Advisors CO.'s holdings in Alphabet were worth $49,914,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Anderson Financial Strategies LLC bought a new stake in shares of Alphabet in the 4th quarter valued at about $49,000. Navigoe LLC purchased a new position in Alphabet during the fourth quarter valued at approximately $51,000. Prudent Man Investment Management Inc. purchased a new position in Alphabet during the fourth quarter valued at approximately $53,000. Campbell Capital Management Inc. bought a new position in Alphabet in the fourth quarter worth approximately $57,000. Finally, Marshall Investment Management LLC purchased a new stake in Alphabet during the fourth quarter worth $59,000. Hedge funds and other institutional investors own 40.03% of the company's stock.

Alphabet Stock Up 0.2%

Shares of Alphabet stock traded up $0.44 on Friday, reaching $179.08. 21,689,729 shares of the company were exchanged, compared to its average volume of 31,547,766. The stock's 50 day moving average price is $168.70 and its 200-day moving average price is $173.97. 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 Inc. has a 1-year low of $140.53 and a 1-year high of $207.05. The company has a market cap of $2.17 trillion, a P/E ratio of 19.96, a price-to-earnings-growth ratio of 1.26 and a beta of 1.00.

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

Alphabet Increases Dividend

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

Insider Buying and Selling

In other Alphabet news, Director Kavitark Ram Shriram sold 9,000 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total transaction of $1,575,000.00. Following the sale, the director owned 255,400 shares of the company's stock, valued at approximately $44,695,000. This trade represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $178.52, for a total transaction of $5,801,900.00. Following the completion of the transaction, the chief executive officer owned 2,559,892 shares of the company's stock, valued at approximately $456,991,919.84. The trade was a 1.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 215,643 shares of company stock worth $36,330,928 over the last 90 days. 11.64% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. JMP Securities upgraded Alphabet from a "market perform" rating to a "market outperform" rating and set a $220.00 price target on the stock in a report on Friday, June 27th. Stifel Nicolaus cut their target price on Alphabet from $225.00 to $192.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Royal Bank Of Canada reissued an "outperform" rating and set a $200.00 price target on shares of Alphabet in a research report on Wednesday, April 23rd. Citigroup reiterated a "buy" rating and set a $203.00 price objective (up previously from $200.00) on shares of Alphabet in a research note on Tuesday, June 24th. Finally, Piper Sandler increased their price objective on Alphabet from $185.00 to $195.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Ten analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus 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.