ST Germain D J Co. Inc. Has $12.24 Million Stock Position in Alphabet Inc. (NASDAQ:GOOG)

ST Germain D J Co. Inc. cut its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 3.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 78,359 shares of the information services provider's stock after selling 2,764 shares during the period. ST Germain D J Co. Inc.'s holdings in Alphabet were worth $12,242,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in GOOG. Merit Financial Group LLC lifted its stake in shares of Alphabet by 7.9% in the 1st quarter. Merit Financial Group LLC now owns 129,839 shares of the information services provider's stock valued at $20,285,000 after purchasing an additional 9,539 shares in the last quarter. Affiance Financial LLC raised its holdings in Alphabet by 1.4% in the first quarter. Affiance Financial LLC now owns 14,478 shares of the information services provider's stock valued at $2,262,000 after buying an additional 201 shares during the period. Paladin Wealth LLC lifted its position in Alphabet by 6.0% during the first quarter. Paladin Wealth LLC now owns 13,367 shares of the information services provider's stock valued at $2,088,000 after buying an additional 761 shares in the last quarter. Mitchell & Pahl Private Wealth LLC grew its stake in Alphabet by 5.9% during the first quarter. Mitchell & Pahl Private Wealth LLC now owns 1,800 shares of the information services provider's stock worth $281,000 after buying an additional 100 shares during the period. Finally, Inspirion Wealth Advisors LLC grew its stake in Alphabet by 1.8% during the first quarter. Inspirion Wealth Advisors LLC now owns 14,351 shares of the information services provider's stock worth $2,242,000 after buying an additional 256 shares during the period. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $168.71, for a total value of $5,483,075.00. Following the completion of the transaction, the chief executive officer now owns 2,587,696 shares of the company's stock, valued at approximately $436,570,192.16. This trade represents a 1.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kavitark Ram Shriram sold 10,500 shares of the company's 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 transaction, the director now directly owns 261,966 shares in the company, valued at $45,844,050. The trade was a 3.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 195,770 shares of company stock valued at $32,036,638 over the last three months. Company insiders own 12.99% of the company's stock.

Wall Street Analysts Forecast Growth

GOOG has been the topic of several recent research reports. The Goldman Sachs Group restated a "buy" rating and set a $220.00 target price on shares of Alphabet in a report on Monday. Rosenblatt Securities raised Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Oppenheimer increased their target price on Alphabet from $185.00 to $200.00 and gave the company an "outperform" rating in a research note on Friday, April 25th. KeyCorp reduced their price target on Alphabet from $202.00 to $185.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Finally, UBS Group lowered their price objective on shares of Alphabet from $209.00 to $173.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and five have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $204.88.

Alphabet Stock Performance

Shares of NASDAQ:GOOG traded up $0.42 on Thursday, reaching $169.81. 24,698,959 shares of the company's stock were exchanged, compared to its average volume of 20,311,511. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $208.70. The business's 50-day moving average is $161.29 and its two-hundred day moving average is $176.14. 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 firm has a market capitalization of $2.06 trillion, a price-to-earnings ratio of 21.09, a PEG ratio of 1.34 and a beta of 1.01.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings data 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 $90.23 billion for the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. Alphabet's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.89 earnings per share. As a group, equities research analysts forecast that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be paid 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 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date is Monday, June 9th. Alphabet's dividend payout ratio (DPR) is presently 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.