Segall Bryant & Hamill LLC Sells 24,347 Shares of Alphabet Inc. (NASDAQ:GOOG)

Segall Bryant & Hamill LLC reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 7.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 285,575 shares of the information services provider's stock after selling 24,347 shares during the quarter. Alphabet accounts for approximately 0.7% of Segall Bryant & Hamill LLC's holdings, making the stock its 20th largest holding. Segall Bryant & Hamill LLC's holdings in Alphabet were worth $44,615,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. LSV Asset Management bought a new stake in Alphabet in the fourth quarter valued at about $27,000. Principia Wealth Advisory LLC increased its holdings in shares of Alphabet by 111.8% in the 1st quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock worth $26,000 after acquiring an additional 85 shares during the period. MorganRosel Wealth Management LLC bought a new stake in shares of Alphabet during the first quarter valued at approximately $26,000. WealthTrak Capital Management LLC acquired a new position in Alphabet during the 4th quarter worth $38,000. Finally, Mountain Hill Investment Partners Corp. bought a new position in Alphabet in the 4th quarter valued at about $39,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director John L. Hennessy sold 600 shares of the business's stock in a transaction that occurred 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 sale, the director owned 6,813 shares in the company, valued at $1,192,275. The trade was a 8.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $178.52, for a total value of $5,801,900.00. Following the transaction, the chief executive officer owned 2,559,892 shares in the company, valued at approximately $456,991,919.84. This trade represents a 1.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 183,343 shares of company stock valued at $31,296,140 in the last 90 days. 12.99% of the stock is currently owned by insiders.

Alphabet Trading Up 0.5%

NASDAQ GOOG traded up $0.93 during trading on Thursday, reaching $184.70. 16,484,262 shares of the stock traded hands, compared to its average volume of 21,514,370. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $208.70. The stock's 50-day moving average price is $172.81 and its 200 day moving average price is $174.80. The firm has a market cap of $2.24 trillion, a price-to-earnings ratio of 20.63, a price-to-earnings-growth ratio of 1.29 and a beta of 1.01. 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 released its earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating the consensus estimate of $2.02 by $0.79. Alphabet had a return on equity of 34.54% and a net margin of 30.86%. The firm had revenue of $90.23 billion for the quarter, compared to analysts' expectations of $89.30 billion. During the same quarter in the previous year, the business posted $1.89 EPS. The business's quarterly revenue was up 12.0% compared to the same quarter last year. Analysts predict that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 9th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.45%. This is an increase from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, June 9th. Alphabet's dividend payout ratio (DPR) is currently 9.36%.

Analyst Ratings Changes

Several brokerages have recently weighed in on GOOG. Cowen restated a "buy" rating on shares of Alphabet in a report on Wednesday, July 9th. BNP Paribas downgraded Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 26th. Westpark Capital reiterated a "buy" rating and set a $210.00 price objective on shares of Alphabet in a report on Friday, April 25th. JPMorgan Chase & Co. raised their target price on Alphabet from $195.00 to $200.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Finally, UBS Group raised their target price on Alphabet from $186.00 to $192.00 and gave the company a "neutral" rating in a report on Wednesday. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and five have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Alphabet has a consensus rating of "Moderate Buy" and a consensus target price of $208.40.

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.