SBI Securities Co. Ltd. lifted its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 2.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 171,811 shares of the information services provider's stock after purchasing an additional 3,846 shares during the period. Alphabet comprises about 0.9% of SBI Securities Co. Ltd.'s portfolio, making the stock its 21st largest holding. SBI Securities Co. Ltd.'s holdings in Alphabet were worth $26,842,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Principia Wealth Advisory LLC lifted its stake in Alphabet by 111.8% in the 1st quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock valued at $26,000 after buying an additional 85 shares in the last quarter. MorganRosel Wealth Management LLC purchased a new stake in Alphabet during the 1st quarter valued at about $26,000. LSV Asset Management acquired a new stake in Alphabet in the 4th quarter valued at about $27,000. Goodman Advisory Group LLC acquired a new stake in Alphabet in the 1st quarter valued at about $32,000. Finally, WealthTrak Capital Management LLC purchased a new position in Alphabet in the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 27.26% of the company's stock.
Alphabet Price Performance
Shares of NASDAQ GOOG traded up $1.50 during midday trading on Monday, hitting $182.81. The company had a trading volume of 20,968,875 shares, compared to its average volume of 24,056,625. The firm has a market capitalization of $2.22 trillion, a price-to-earnings ratio of 20.38, a price-to-earnings-growth ratio of 1.27 and a beta of 1.01. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $208.70. The business has a 50-day simple moving average of $171.50 and a two-hundred day simple moving average of $174.76. 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 (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 (EPS) for the quarter, beating analysts' consensus estimates of $2.02 by $0.79. The company had revenue of $90.23 billion during the quarter, compared to the consensus estimate of $89.30 billion. Alphabet had a net margin of 30.86% and a return on equity of 34.54%. The company's revenue for the quarter was up 12.0% on a year-over-year basis. During the same period last year, the firm earned $1.89 EPS. Equities research analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current year.
Alphabet Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 9th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.46%. This is an increase from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date was Monday, June 9th. Alphabet's payout ratio is presently 9.36%.
Insider Buying and Selling at Alphabet
In other news, Director John L. Hennessy sold 600 shares of Alphabet stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total transaction of $105,000.00. Following the completion of the transaction, the director owned 6,813 shares of the company's stock, valued at $1,192,275. The trade was a 8.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $178.52, for a total transaction of $5,801,900.00. Following the completion of the sale, the chief executive officer owned 2,559,892 shares in the company, valued at $456,991,919.84. This represents a 1.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 215,443 shares of company stock valued at $36,298,548. Insiders own 12.99% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on GOOG. Piper Sandler restated a "neutral" rating on shares of Alphabet in a research report on Wednesday, July 9th. Susquehanna restated a "positive" rating on shares of Alphabet in a report on Friday, May 2nd. Cowen reaffirmed a "buy" rating on shares of Alphabet in a research note on Wednesday, July 9th. Citizens Jmp raised shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Thursday, June 26th. Finally, Lake Street Capital restated a "buy" rating on shares of Alphabet in a research report on Wednesday, July 9th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, eighteen have assigned a buy rating and six have assigned a strong buy rating to the company. According to MarketBeat.com, Alphabet currently has a consensus rating of "Moderate Buy" and an average price target of $207.13.
Read Our Latest Research Report on GOOG
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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