Seilern Investment Management Ltd lessened its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 573,507 shares of the information services provider's stock after selling 11,032 shares during the period. Alphabet accounts for approximately 5.8% of Seilern Investment Management Ltd's portfolio, making the stock its 9th largest position. Seilern Investment Management Ltd's holdings in Alphabet were worth $88,687,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of GOOGL. Compass Planning Associates Inc purchased a new position in shares of Alphabet during the fourth quarter worth about $30,000. Fiduciary Advisors Inc. acquired a new stake in Alphabet during the 4th quarter worth approximately $39,000. PayPay Securities Corp grew its stake in shares of Alphabet by 36.1% in the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock valued at $46,000 after purchasing an additional 65 shares during the last quarter. Anderson Financial Strategies LLC acquired a new position in shares of Alphabet in the fourth quarter valued at approximately $49,000. Finally, Navigoe LLC acquired a new position in shares of Alphabet in the fourth quarter valued at approximately $51,000. Institutional investors and hedge funds own 40.03% of the company's stock.
Alphabet Trading Up 3.3%
GOOGL stock opened at $173.68 on Friday. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The company has a market cap of $2.11 trillion, a price-to-earnings ratio of 21.58, a PEG ratio of 1.34 and a beta of 1.01. The business has a fifty day simple moving average of $160.14 and a 200-day simple moving average of $174.34. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $207.05.
Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, topping analysts' consensus estimates of $2.02 by $0.79. The company had revenue of $76.49 billion for the quarter, compared to analysts' expectations of $89.30 billion. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. During the same quarter in the previous year, the firm posted $1.89 earnings per share. On average, equities research analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.
Alphabet Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be given a dividend of $0.21 per share. This is a positive change from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend is Monday, June 9th. Alphabet's dividend payout ratio is currently 9.36%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on GOOGL shares. Mizuho lowered their price objective on shares of Alphabet from $230.00 to $205.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Oppenheimer lifted their target price on shares of Alphabet from $185.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, April 25th. Sanford C. Bernstein boosted their price target on shares of Alphabet from $165.00 to $185.00 and gave the stock a "market perform" rating in a research note on Friday, April 25th. Citigroup raised their price objective on shares of Alphabet from $195.00 to $200.00 and gave the company a "buy" rating in a research report on Friday, April 25th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 price objective on shares of Alphabet in a report on Wednesday, April 23rd. Ten equities 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 presently has an average rating of "Moderate Buy" and a consensus target price of $199.75.
Read Our Latest Report on GOOGL
Insider Transactions at Alphabet
In other news, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $168.71, for a total value of $5,483,075.00. Following the completion of the sale, the chief executive officer now owns 2,587,696 shares in the company, valued at $436,570,192.16. This represents a 1.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Kavitark Ram Shriram sold 10,500 shares of the stock in a transaction 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 sale, the director now owns 261,966 shares of the company's stock, valued at $45,844,050. This trade represents a 3.85% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 195,770 shares of company stock worth $32,036,638. 11.64% of the stock is currently owned by insiders.
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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