Sawyer & Company Inc Has $8.69 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

Sawyer & Company Inc lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 56,189 shares of the information services provider's stock after selling 2,146 shares during the period. Alphabet accounts for about 3.5% of Sawyer & Company Inc's portfolio, making the stock its 5th largest position. Sawyer & Company Inc's holdings in Alphabet were worth $8,689,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in GOOGL. Suncoast Equity Management increased its holdings in shares of Alphabet by 6.8% in the first quarter. Suncoast Equity Management now owns 170,616 shares of the information services provider's stock valued at $26,384,000 after purchasing an additional 10,907 shares in the last quarter. Weaver Capital Management LLC boosted its position in Alphabet by 15.3% in the 1st quarter. Weaver Capital Management LLC now owns 7,231 shares of the information services provider's stock valued at $1,118,000 after buying an additional 960 shares during the last quarter. Monte Financial Group LLC increased its stake in shares of Alphabet by 3.9% in the 1st quarter. Monte Financial Group LLC now owns 6,672 shares of the information services provider's stock valued at $1,009,000 after buying an additional 251 shares during the period. CCG Wealth Management LLC raised its position in shares of Alphabet by 3.9% during the first quarter. CCG Wealth Management LLC now owns 4,175 shares of the information services provider's stock worth $646,000 after acquiring an additional 155 shares during the last quarter. Finally, Deltec Asset Management LLC lifted its stake in shares of Alphabet by 3.6% during the first quarter. Deltec Asset Management LLC now owns 210,667 shares of the information services provider's stock valued at $32,578,000 after acquiring an additional 7,329 shares during the period. Institutional investors own 40.03% of the company's stock.

Insider Buying and Selling at Alphabet

In related news, Director Kavitark Ram Shriram sold 10,500 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 value of $1,837,500.00. Following the completion of the transaction, the director now owns 261,966 shares in the company, valued at $45,844,050. This trade represents a 3.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $176.68, for a total transaction of $5,742,100.00. Following the sale, the chief executive officer now directly owns 2,555,196 shares in the company, valued at $451,452,029.28. The trade was a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 228,070 shares of company stock worth $37,745,632 over the last 90 days. Insiders own 11.55% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on GOOGL shares. Needham & Company LLC reissued a "buy" rating and set a $178.00 price objective on shares of Alphabet in a report on Friday, April 25th. Mizuho cut their price objective 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. DA Davidson lowered their target price on shares of Alphabet from $200.00 to $160.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Rosenblatt Securities reissued a "neutral" rating and issued a $189.00 price target on shares of Alphabet in a research note on Wednesday, May 21st. Finally, Sanford C. Bernstein increased their target price on Alphabet from $165.00 to $185.00 and gave the company a "market perform" rating in a research note on Friday, April 25th. Ten research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $200.17.

Alphabet Price Performance

Shares of Alphabet stock traded up $3.91 on Wednesday, reaching $170.68. 34,362,685 shares of the stock were exchanged, compared to its average volume of 30,801,769. 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 firm has a market cap of $2.07 trillion, a PE ratio of 19.03, a P/E/G ratio of 1.05 and a beta of 1.01. The firm's 50 day moving average is $165.10 and its 200-day moving average is $174.61. Alphabet Inc. has a one year low of $140.53 and a one year high of $207.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its 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. The firm had revenue of $76.49 billion during the quarter, compared to analysts' expectations of $89.30 billion. Alphabet had a return on equity of 34.54% and a net margin of 30.86%. During the same period in the prior year, the company earned $1.89 earnings per share. As a group, analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 9th were paid a $0.21 dividend. The ex-dividend date of this dividend was Monday, June 9th. This is a positive change from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 0.49%. Alphabet's dividend payout ratio (DPR) is 9.36%.

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.