Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Weil Company Inc.

Weil Company Inc. grew its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 28.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,260 shares of the information services provider's stock after purchasing an additional 3,632 shares during the period. Weil Company Inc.'s holdings in Alphabet were worth $2,514,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of GOOGL. FMR LLC lifted its stake in Alphabet by 9.8% during the 4th quarter. FMR LLC now owns 248,416,916 shares of the information services provider's stock worth $47,025,322,000 after acquiring an additional 22,100,902 shares in the last quarter. Norges Bank acquired a new position in Alphabet during the 4th quarter worth about $24,383,677,000. Price T Rowe Associates Inc. MD lifted its stake in Alphabet by 8.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 98,638,127 shares of the information services provider's stock worth $18,672,198,000 after acquiring an additional 7,574,417 shares in the last quarter. Capital Research Global Investors lifted its stake in Alphabet by 16.2% during the 4th quarter. Capital Research Global Investors now owns 72,033,086 shares of the information services provider's stock worth $13,635,878,000 after acquiring an additional 10,037,685 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Alphabet by 17.0% during the 4th quarter. Northern Trust Corp now owns 69,616,854 shares of the information services provider's stock worth $13,178,470,000 after acquiring an additional 10,135,430 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $184.38, for a total value of $5,992,350.00. Following the transaction, the chief executive officer directly owned 2,527,392 shares in the company, valued at approximately $466,000,536.96. This trade represents a 1.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 600 shares of Alphabet stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total value of $105,000.00. Following the completion of the transaction, the director owned 6,813 shares in the company, valued at $1,192,275. This trade represents a 8.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 215,843 shares of company stock worth $37,288,490. 11.64% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on GOOGL shares. Wedbush set a $190.00 target price on Alphabet and gave the stock an "outperform" rating in a research note on Tuesday, April 15th. Tigress Financial increased their target price on Alphabet from $220.00 to $240.00 and gave the stock a "strong-buy" rating in a research note on Wednesday, April 30th. Roth Capital reissued a "buy" rating and set a $205.00 target price (up previously from $180.00) on shares of Alphabet in a research note on Tuesday, July 8th. KeyCorp increased their target price on Alphabet from $195.00 to $215.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, Needham & Company LLC increased their target price on Alphabet from $178.00 to $210.00 and gave the stock a "buy" rating in a research note on Wednesday. Ten equities research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $201.68.

Alphabet Stock Performance

NASDAQ:GOOGL traded up $1.48 during mid-day trading on Friday, reaching $185.06. 33,864,714 shares of the stock were exchanged, compared to its average volume of 32,124,723. The company has a 50 day simple moving average of $172.26 and a 200-day simple moving average of $173.15. The stock has a market capitalization of $2.25 trillion, a P/E ratio of 20.63, a P/E/G ratio of 1.28 and a beta of 1.00. 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 Inc. has a 1 year low of $140.53 and a 1 year high of $207.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $76.49 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%. During the same quarter last year, the business posted $1.89 EPS. Analysts anticipate that Alphabet Inc. will post 8.9 earnings per share 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 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 dividend yield of 0.45%. The ex-dividend date of this dividend was Monday, June 9th. Alphabet's dividend payout ratio (DPR) is 9.36%.

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.