Sather Financial Group Inc decreased its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 8.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 730,149 shares of the information services provider's stock after selling 68,320 shares during the period. Alphabet makes up 7.4% of Sather Financial Group Inc's portfolio, making the stock its 2nd biggest position. Sather Financial Group Inc's holdings in Alphabet were worth $114,071,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently modified their holdings of GOOG. Brighton Jones LLC boosted its holdings in Alphabet by 5.6% in the fourth quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider's stock valued at $22,901,000 after purchasing an additional 6,410 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in Alphabet by 4.3% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 506,535 shares of the information services provider's stock worth $96,465,000 after buying an additional 20,855 shares during the last quarter. Sava Infond d.o.o. bought a new position in Alphabet during the 4th quarter worth approximately $429,000. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its holdings in Alphabet by 31.9% during the 4th quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 6,410 shares of the information services provider's stock worth $1,221,000 after buying an additional 1,549 shares during the last quarter. Finally, Powszechne Towarzystwo Emerytalne Allianz Polska S.A. acquired a new stake in shares of Alphabet during the 4th quarter worth approximately $9,874,000. Hedge funds and other institutional investors own 27.26% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on GOOG. UBS Group increased their price target on Alphabet from $186.00 to $192.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 16th. Cowen reiterated a "buy" rating on shares of Alphabet in a research report on Wednesday, July 9th. Barclays reiterated a "buy" rating on shares of Alphabet in a research report on Wednesday, July 9th. Rosenblatt Securities upgraded Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Finally, Cantor Fitzgerald reiterated a "neutral" rating and set a $171.00 price target on shares of Alphabet in a research report on Friday, April 25th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and five have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $215.19.
Check Out Our Latest Stock Analysis on GOOG
Insider Activity at Alphabet
In related news, Director Kavitark Ram Shriram sold 15,000 shares of Alphabet stock in a transaction on Friday, July 18th. The stock was sold at an average price of $185.76, for a total transaction of $2,786,400.00. Following the completion of the sale, the director owned 240,400 shares of the company's stock, valued at approximately $44,656,704. This trade represents a 5.87% decrease in their ownership of the stock. The transaction 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 on Wednesday, July 16th. The shares were sold at an average price of $184.38, for a total value of $5,992,350.00. Following the sale, the chief executive officer directly owned 2,527,392 shares of the company's stock, valued at approximately $466,000,536.96. The trade was a 1.27% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 249,409 shares of company stock valued at $43,523,710. Insiders own 12.99% of the company's stock.
Alphabet Price Performance
Shares of NASDAQ GOOG traded up $2.05 during mid-day trading on Tuesday, reaching $195.47. The company had a trading volume of 12,807,056 shares, compared to its average volume of 24,204,488. The stock has a market cap of $2.37 trillion, a PE ratio of 20.81, a P/E/G ratio of 1.31 and a beta of 1.01. The company has a 50-day moving average price of $177.37 and a two-hundred day moving average price of $174.38. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $208.70.
Alphabet (NASDAQ:GOOG - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, topping the consensus estimate of $2.12 by $0.19. The business had revenue of $96.43 billion during the quarter, compared to analysts' expectations of $93.67 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%. Alphabet's revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.89 earnings per share. On average, equities analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current year.
Alphabet Announces Dividend
The company also recently disclosed 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 dividend yield of 0.43%. Alphabet's dividend payout ratio is 8.95%.
About Alphabet
(
Free Report)
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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