Plancorp LLC Has $4.26 Million Stock Position in Alphabet Inc. $GOOGL

Key Points

• Plancorp LLC increased its holdings in Alphabet Inc. by 7.9% in Q1, acquiring an additional 2,006 shares, bringing their total position to $4.26 million.
• Various institutional investors have also significantly boosted their stakes in Alphabet, with Vanguard Group now holding over $78 billion in shares.
• Alphabet's recent quarterly earnings beat expectations, reporting $2.31 EPS and $96.43 billion in revenue, alongside the announcement of a quarterly dividend of $0.21 per share.

Plancorp LLC grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 7.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,557 shares of the information services provider's stock after purchasing an additional 2,006 shares during the period. Plancorp LLC's holdings in Alphabet were worth $4,261,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Alphabet by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 509,826,331 shares of the information services provider's stock worth $78,839,544,000 after acquiring an additional 14,307,345 shares during the period. Invesco Ltd. lifted its holdings in shares of Alphabet by 1.4% during the 1st quarter. Invesco Ltd. now owns 43,648,514 shares of the information services provider's stock worth $6,749,806,000 after acquiring an additional 593,345 shares during the period. Deutsche Bank AG lifted its holdings in shares of Alphabet by 1.9% during the 1st quarter. Deutsche Bank AG now owns 39,792,300 shares of the information services provider's stock worth $6,153,481,000 after acquiring an additional 727,335 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Alphabet by 0.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 38,556,577 shares of the information services provider's stock valued at $5,962,389,000 after purchasing an additional 104,859 shares during the last quarter. Finally, Amundi lifted its stake in Alphabet by 11.8% in the 1st quarter. Amundi now owns 33,403,871 shares of the information services provider's stock valued at $5,034,992,000 after purchasing an additional 3,537,173 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Morgan Stanley increased their price objective on shares of Alphabet from $185.00 to $205.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. BNP Paribas downgraded shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 26th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Alphabet in a research note on Wednesday. JMP Securities increased their price objective on shares of Alphabet from $225.00 to $250.00 and gave the company a "market outperform" rating in a research note on Wednesday. Finally, Oppenheimer restated an "outperform" rating and issued a $270.00 price target (up from $235.00) on shares of Alphabet in a research report on Tuesday. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $222.33.

Alphabet Stock Up 1.2%

Shares of NASDAQ GOOGL opened at $235.00 on Friday. The stock has a market capitalization of $2.84 trillion, a P/E ratio of 25.03, a P/E/G ratio of 1.56 and a beta of 1.01. The company has a 50-day moving average price of $195.79 and a 200-day moving average price of $175.48. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $235.76. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.15 by $0.16. The firm had revenue of $96.43 billion during the quarter, compared to analysts' expectations of $93.60 billion. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. On average, equities research analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 8th will be issued a dividend of $0.21 per share. The ex-dividend date is Monday, September 8th. This represents a $0.84 annualized dividend and a yield of 0.4%. Alphabet's payout ratio is 8.95%.

Insider Activity

In related news, Director Kavitark Ram Shriram sold 18,566 shares of the business's stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $185.76, for a total transaction of $3,448,820.16. Following the transaction, the director directly owned 243,400 shares in the company, valued at approximately $45,213,984. The trade was a 7.09% 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 Alphabet stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $199.92, for a total transaction of $6,497,400.00. Following the completion of the sale, the chief executive officer directly owned 2,462,392 shares in the company, valued at approximately $492,281,408.64. This represents a 1.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 254,710 shares of company stock valued at $49,208,380 in the last three months. 11.64% of the stock is owned by company insiders.

Alphabet 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.

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