Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by TCI Wealth Advisors Inc.

TCI Wealth Advisors Inc. decreased its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 10.0% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 17,788 shares of the information services provider's stock after selling 1,967 shares during the period. TCI Wealth Advisors Inc.'s holdings in Alphabet were worth $2,751,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Wealth Group Ltd. raised its stake in shares of Alphabet by 5.2% during the 4th quarter. Wealth Group Ltd. now owns 1,582 shares of the information services provider's stock worth $299,000 after purchasing an additional 78 shares in the last quarter. Capital & Planning LLC raised its stake in Alphabet by 34.3% in the 4th quarter. Capital & Planning LLC now owns 4,383 shares of the information services provider's stock valued at $830,000 after acquiring an additional 1,119 shares during the period. Eagle Capital Management LLC raised its stake in Alphabet by 0.7% in the 4th quarter. Eagle Capital Management LLC now owns 50,132 shares of the information services provider's stock valued at $9,490,000 after acquiring an additional 371 shares during the period. Brighton Jones LLC raised its stake in Alphabet by 3.9% in the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider's stock valued at $20,886,000 after acquiring an additional 4,110 shares during the period. Finally, Union Bancaire Privee UBP SA bought a new stake in Alphabet in the 4th quarter valued at $154,716,000. Institutional investors own 40.03% of the company's stock.

Analyst Ratings Changes

GOOGL has been the topic of a number of research analyst reports. Bank of America increased their price target on Alphabet from $185.00 to $200.00 and gave the company a "buy" rating in a research note on Friday, April 25th. Sanford C. Bernstein increased their price target on Alphabet from $165.00 to $185.00 and gave the company a "market perform" rating in a research note on Friday, April 25th. DA Davidson dropped their price target on Alphabet from $200.00 to $160.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Citigroup increased their price target on Alphabet from $195.00 to $200.00 and gave the company a "buy" rating in a research note on Friday, April 25th. Finally, Morgan Stanley dropped their price target on Alphabet from $210.00 to $185.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Ten investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and four have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $199.75.

Alphabet Stock Down 3.9%

Shares of NASDAQ:GOOGL traded down $6.68 during mid-day trading on Friday, hitting $166.64. 75,073,701 shares of the company traded hands, compared to its average volume of 30,587,197. The stock has a market cap of $2.02 trillion, a P/E ratio of 18.58, a P/E/G ratio of 1.06 and a beta of 1.01. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $207.05. The stock has a 50-day moving average price of $164.77 and a two-hundred day moving average price of $174.73.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.02 by $0.79. The business had revenue of $76.49 billion for the quarter, compared to analysts' expectations of $89.30 billion. Alphabet had a return on equity of 34.54% and a net margin of 30.86%. During the same quarter in the prior year, the firm posted $1.89 EPS. On average, equities research analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 9th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.50%. This is a positive change 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 presently 9.36%.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O'toole sold 673 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total transaction of $104,537.09. Following the completion of the sale, the chief accounting officer now directly owns 15,303 shares of the company's stock, valued at $2,377,014.99. This trade represents a 4.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total value of $5,153,200.00. Following the completion of the sale, the chief executive officer now owns 2,717,696 shares of the company's stock, valued at approximately $430,917,877.76. This represents a 1.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 228,070 shares of company stock worth $37,745,632. 11.55% of the stock is currently owned by company insiders.

Alphabet Company Profile

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.