2,345 Shares in Alphabet Inc. (NASDAQ:GOOG) Purchased by Viewpoint Investment Partners Corp

Viewpoint Investment Partners Corp bought a new stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 2,345 shares of the information services provider's stock, valued at approximately $366,000. Alphabet comprises about 0.2% of Viewpoint Investment Partners Corp's investment portfolio, making the stock its 29th largest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GOOG. Principia Wealth Advisory LLC boosted its holdings in Alphabet by 111.8% in the first quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock worth $26,000 after acquiring an additional 85 shares in the last quarter. LSV Asset Management acquired a new stake in Alphabet in the fourth quarter worth about $27,000. WealthTrak Capital Management LLC acquired a new stake in Alphabet in the fourth quarter worth about $38,000. Mountain Hill Investment Partners Corp. acquired a new stake in Alphabet in the fourth quarter worth about $39,000. Finally, Noble Wealth Management PBC acquired a new stake in Alphabet in the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 27.26% of the company's stock.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 673 shares of the firm's stock in a transaction on 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 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Kent Walker sold 11,764 shares of the firm's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $166.84, for a total value of $1,962,705.76. Following the completion of the sale, the insider now directly owns 49,037 shares of the company's stock, valued at $8,181,333.08. This trade represents a 19.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 195,570 shares of company stock valued at $32,003,532. 12.99% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Citigroup reissued a "sell" rating on shares of Alphabet in a report on Wednesday, April 23rd. Needham & Company LLC downgraded Alphabet from a "buy" rating to a "cautious" rating in a report on Friday, May 2nd. Susquehanna reaffirmed a "positive" rating on shares of Alphabet in a report on Friday, May 2nd. KeyCorp decreased their target price on Alphabet from $202.00 to $185.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Finally, Oppenheimer lifted their target price on Alphabet from $185.00 to $200.00 and gave the stock an "outperform" rating 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 issued a buy rating and five have issued a strong buy rating to the company. According to data from MarketBeat.com, Alphabet has a consensus rating of "Moderate Buy" and a consensus price target of $204.88.

Alphabet Price Performance

Shares of NASDAQ:GOOG traded down $1.09 during midday trading on Friday, reaching $175.88. 20,848,122 shares of the company's stock traded hands, compared to its average volume of 20,479,058. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $208.70. The company has a market cap of $2.13 trillion, a P/E ratio of 21.85, a PEG 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 company has a fifty day simple moving average of $164.57 and a two-hundred day simple moving average of $176.30.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.02 by $0.79. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The firm had revenue of $90.23 billion for the quarter, compared to analyst estimates of $89.30 billion. During the same quarter last year, the firm posted $1.89 EPS. The business's revenue was up 12.0% on a year-over-year basis. Equities analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal 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 paid a $0.21 dividend. This is an increase from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend is Monday, June 9th. Alphabet's dividend payout ratio is currently 9.36%.

Alphabet 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.