Sava Infond d.o.o. Boosts Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Sava Infond d.o.o. lifted its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 88.7% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,255 shares of the information services provider's stock after buying an additional 2,000 shares during the period. Sava Infond d.o.o.'s holdings in Alphabet were worth $665,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of GOOG. Principia Wealth Advisory LLC grew its position in shares of Alphabet by 111.8% during the 1st quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock valued at $26,000 after acquiring an additional 85 shares during the period. LSV Asset Management bought a new position in Alphabet during the fourth quarter valued at $27,000. WealthTrak Capital Management LLC purchased a new stake in Alphabet in the fourth quarter worth $38,000. Mountain Hill Investment Partners Corp. bought a new stake in shares of Alphabet in the fourth quarter valued at $39,000. Finally, Noble Wealth Management PBC purchased a new position in shares of Alphabet during the 4th quarter valued at $43,000. 27.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Rosenblatt Securities upgraded Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. JPMorgan Chase & Co. upped their price target on shares of Alphabet from $180.00 to $195.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. UBS Group reduced their price objective on shares of Alphabet from $209.00 to $173.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Citigroup reissued a "sell" rating on shares of Alphabet in a report on Wednesday, April 23rd. Finally, Oppenheimer lifted their price target on Alphabet from $185.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, April 25th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and five have issued a strong buy rating to the company. Based on data from MarketBeat, Alphabet has an average rating of "Moderate Buy" and a consensus target price of $204.88.

Alphabet Price Performance

GOOG traded up $2.94 during midday trading on Thursday, hitting $174.43. The stock had a trading volume of 25,862,351 shares, compared to its average volume of 20,718,857. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $208.70. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.77 and a current ratio of 1.77. The business has a fifty day moving average of $166.90 and a 200 day moving average of $176.24. The company has a market cap of $2.12 trillion, a P/E ratio of 19.45, a price-to-earnings-growth ratio of 1.18 and a beta of 1.01.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.79. Alphabet had a net margin of 30.86% and a return on equity of 34.54%. The business had revenue of $90.23 billion during the quarter, compared to the consensus estimate of $89.30 billion. During the same period in the previous year, the firm posted $1.89 earnings per share. The firm's revenue for the quarter was up 12.0% on a year-over-year basis. As a group, equities analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 9th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.48%. This is a positive change from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date was Monday, June 9th. Alphabet's dividend payout ratio (DPR) is presently 9.36%.

Insiders Place Their Bets

In related news, CAO Amie Thuener O'toole sold 673 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total value of $104,537.09. Following the sale, the chief accounting officer now directly owns 15,303 shares of the company's stock, valued at $2,377,014.99. This trade represents a 4.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $176.68, for a total value of $5,742,100.00. Following the completion of the sale, the chief executive officer now owns 2,555,196 shares in the company, valued at approximately $451,452,029.28. This represents a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 216,306 shares of company stock valued at $35,782,927 in the last ninety days. Company insiders own 12.99% of the company's stock.

About Alphabet

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.