Alphabet Inc. (NASDAQ:GOOGL) is Thompson Investment Management Inc.'s Largest Position

Thompson Investment Management Inc. trimmed its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 166,984 shares of the information services provider's stock after selling 2,062 shares during the period. Alphabet comprises 3.9% of Thompson Investment Management Inc.'s holdings, making the stock its biggest holding. Thompson Investment Management Inc.'s holdings in Alphabet were worth $25,822,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in GOOGL. Visionary Horizons LLC bought a new position in Alphabet in the first quarter worth approximately $619,000. Alpha Omega Wealth Management LLC lifted its position in Alphabet by 2.2% during the first quarter. Alpha Omega Wealth Management LLC now owns 20,302 shares of the information services provider's stock valued at $3,140,000 after acquiring an additional 430 shares during the last quarter. Investment Partners Asset Management Inc. lifted its holdings in shares of Alphabet by 1.4% during the 1st quarter. Investment Partners Asset Management Inc. now owns 17,534 shares of the information services provider's stock valued at $2,711,000 after purchasing an additional 241 shares during the last quarter. Laurel Wealth Advisors LLC boosted its position in shares of Alphabet by 0.3% in the 1st quarter. Laurel Wealth Advisors LLC now owns 85,802 shares of the information services provider's stock worth $13,268,000 after purchasing an additional 253 shares in the last quarter. Finally, Transform Wealth LLC grew its stake in Alphabet by 1.3% during the 1st quarter. Transform Wealth LLC now owns 150,577 shares of the information services provider's stock worth $23,285,000 after buying an additional 1,860 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Alphabet Price Performance

Shares of NASDAQ:GOOGL traded down $1.03 during midday trading on Friday, hitting $174.67. The company's stock had a trading volume of 27,636,835 shares, compared to its average volume of 30,391,072. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $207.05. The company has a market cap of $2.12 trillion, a P/E ratio of 21.70, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The business's 50 day simple moving average is $162.29 and its 200 day simple moving average is $174.57.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results 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. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The business had revenue of $76.49 billion for the quarter, compared to analysts' expectations of $89.30 billion. During the same period in the previous year, the firm posted $1.89 EPS. On average, analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.48%. This is a positive change from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio is currently 9.36%.

Insider Buying and Selling

In related news, insider John Kent Walker sold 11,764 shares of the business's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $166.84, for a total value of $1,962,705.76. Following the sale, the insider now directly owns 49,037 shares in the company, valued at approximately $8,181,333.08. The trade was a 19.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the completion of the transaction, the chief executive officer now directly owns 2,717,696 shares in the company, valued at $430,917,877.76. The trade was a 1.18% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 195,570 shares of company stock worth $32,003,532. Insiders own 11.64% of the company's stock.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of several recent analyst reports. BMO Capital Markets restated an "outperform" rating and set a $200.00 price objective (down previously from $230.00) on shares of Alphabet in a report on Thursday, April 17th. Roth Mkm reissued a "buy" rating and issued a $220.00 price objective on shares of Alphabet in a report on Wednesday, March 19th. KeyCorp lifted their price objective on shares of Alphabet from $185.00 to $195.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Westpark Capital reissued a "buy" rating and set a $210.00 target price on shares of Alphabet in a report on Thursday, May 8th. Finally, Mizuho cut their price target on Alphabet from $230.00 to $205.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Ten investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $199.75.

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.