Surience Private Wealth LLC purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,750 shares of the information services provider's stock, valued at approximately $2,929,000. Alphabet makes up 5.1% of Surience Private Wealth LLC's holdings, making the stock its 7th biggest holding.
A number of other large investors have also added to or reduced their stakes in the stock. LaFleur & Godfrey LLC boosted its holdings in shares of Alphabet by 1.2% in the 4th quarter. LaFleur & Godfrey LLC now owns 31,967 shares of the information services provider's stock valued at $6,088,000 after purchasing an additional 380 shares in the last quarter. Brighton Jones LLC boosted its holdings in shares of Alphabet by 5.6% in the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider's stock valued at $22,901,000 after purchasing an additional 6,410 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in shares of Alphabet by 4.3% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 506,535 shares of the information services provider's stock valued at $96,465,000 after purchasing an additional 20,855 shares in the last quarter. EdgeRock Capital LLC boosted its holdings in shares of Alphabet by 12.8% in the 4th quarter. EdgeRock Capital LLC now owns 3,668 shares of the information services provider's stock valued at $699,000 after purchasing an additional 417 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC boosted its holdings in shares of Alphabet by 3.4% in the 4th quarter. Twin Peaks Wealth Advisors LLC now owns 12,455 shares of the information services provider's stock valued at $2,372,000 after purchasing an additional 407 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company's stock.
Insiders Place Their Bets
In other news, CAO Amie Thuener O'toole sold 673 shares of Alphabet stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total value of $104,537.09. Following the completion of the transaction, the chief accounting officer now directly owns 15,303 shares of the company's stock, valued at approximately $2,377,014.99. This trade represents a 4.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $155.90, for a total value of $5,066,750.00. Following the completion of the transaction, the chief executive officer now directly owns 2,652,696 shares of the company's stock, valued at approximately $413,555,306.40. This trade represents a 1.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 216,195 shares of company stock valued at $35,764,898. 12.99% of the stock is currently owned by company insiders.
Alphabet Trading Up 2.2%
GOOG traded up $3.84 during midday trading on Friday, hitting $178.27. 73,956,281 shares of the company were exchanged, compared to its average volume of 20,984,165. The firm has a market capitalization of $2.16 trillion, a P/E ratio of 19.87, a P/E/G ratio of 1.26 and a beta of 1.01. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $208.70. The firm's 50 day moving average price is $167.82 and its 200-day moving average price is $176.02. 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 announced its earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS 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 the consensus estimate of $89.30 billion. Alphabet had a return on equity of 34.54% and a net margin of 30.86%. The business's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.89 EPS. As a group, equities analysts forecast that Alphabet Inc. will post 8.89 EPS for the current fiscal year.
Alphabet Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 9th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, June 9th. This is an increase from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 0.47%. Alphabet's payout ratio is presently 9.36%.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on GOOG shares. Citigroup reaffirmed a "sell" rating on shares of Alphabet in a report on Wednesday, April 23rd. Susquehanna reaffirmed a "positive" rating on shares of Alphabet in a report on Friday, May 2nd. Citizens Jmp raised Alphabet from a "hold" rating to a "strong-buy" rating in a report on Thursday. Cantor Fitzgerald reissued a "neutral" rating and set a $171.00 price objective on shares of Alphabet in a report on Friday, April 25th. Finally, Westpark Capital reissued a "buy" rating and set a $210.00 price objective on shares of Alphabet in a report on Friday, April 25th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and six have issued a strong buy rating to the company. Based on data from MarketBeat, Alphabet has an average rating of "Moderate Buy" and a consensus target price of $206.38.
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About Alphabet
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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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