OneDigital Investment Advisors LLC Decreases Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

OneDigital Investment Advisors LLC lowered its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 5.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 238,283 shares of the information services provider's stock after selling 12,510 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Alphabet were worth $36,848,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of GOOGL. Anderson Financial Strategies LLC purchased a new stake in Alphabet in the fourth quarter worth about $49,000. EQ Wealth Advisors LLC purchased a new position in shares of Alphabet in the 1st quarter valued at approximately $49,000. Navigoe LLC purchased a new position in shares of Alphabet in the 4th quarter valued at approximately $51,000. Prudent Man Investment Management Inc. purchased a new stake in Alphabet in the fourth quarter worth $53,000. Finally, Campbell Capital Management Inc. bought a new position in Alphabet in the fourth quarter worth $57,000. Hedge funds and other institutional investors own 40.03% of the company's stock.

Alphabet Stock Performance

GOOGL traded up $2.57 during midday trading on Friday, reaching $180.19. The company had a trading volume of 34,243,157 shares, compared to its average volume of 37,750,108. The business has a 50-day moving average of $169.99 and a two-hundred day moving average of $173.57. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.03. 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 $2.19 trillion, a P/E ratio of 19.80, a P/E/G ratio of 1.25 and a beta of 1.00.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data 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. Alphabet had a return on equity of 34.54% and a net margin of 30.86%. The company had revenue of $76.49 billion during the quarter, compared to the consensus estimate of $89.30 billion. During the same period in the previous year, the company posted $1.89 EPS. As a group, equities research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 9th were given a $0.21 dividend. This is a positive change from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date was Monday, June 9th. Alphabet's dividend payout ratio is presently 9.36%.

Insider Transactions at Alphabet

In other Alphabet news, Director John L. Hennessy sold 600 shares of the stock in a transaction on 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 approximately $1,192,275. This represents a 8.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kavitark Ram Shriram sold 9,000 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total value of $1,575,000.00. Following the completion of the transaction, the director owned 255,400 shares in the company, valued at $44,695,000. The trade was a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 215,643 shares of company stock valued at $36,330,928 over the last three months. Corporate insiders own 11.64% of the company's stock.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of a number of research reports. Mizuho dropped their target price on shares of Alphabet from $230.00 to $205.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. UBS Group set a $195.00 price objective on shares of Alphabet in a research note on Friday, April 25th. JMP Securities upgraded shares of Alphabet from a "market perform" rating to a "market outperform" rating and set a $220.00 price objective on the stock in a report on Friday, June 27th. Morgan Stanley lowered their target price on shares of Alphabet from $210.00 to $185.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Finally, BNP Paribas downgraded Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 26th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Alphabet currently has an average rating of "Moderate Buy" and an average target price of $199.61.

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.