XML Financial LLC Has $4.70 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

XML Financial LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 7.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,368 shares of the information services provider's stock after buying an additional 2,220 shares during the period. XML Financial LLC's holdings in Alphabet were worth $4,696,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Compass Planning Associates Inc purchased a new position in shares of Alphabet during the 4th quarter valued at $30,000. Anderson Financial Strategies LLC acquired a new stake in Alphabet during the fourth quarter valued at $49,000. Navigoe LLC acquired a new stake in Alphabet during the fourth quarter valued at $51,000. Prudent Man Investment Management Inc. purchased a new position in Alphabet in the fourth quarter valued at about $53,000. Finally, Campbell Capital Management Inc. acquired a new position in Alphabet in the 4th quarter worth about $57,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Stock Up 1.7%

Shares of GOOGL opened at $173.54 on Friday. The company has a 50-day simple moving average of $165.90 and a 200-day simple moving average of $174.57. The firm has a market capitalization of $2.11 trillion, a P/E ratio of 19.35, a P/E/G ratio of 1.09 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.77 and a current ratio of 1.77. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $207.05.

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

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 9th were paid a $0.21 dividend. 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. The ex-dividend date was Monday, June 9th. Alphabet's dividend payout ratio is presently 9.36%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Citigroup reaffirmed a "buy" rating and set a $203.00 price target (up from $200.00) on shares of Alphabet in a research note on Tuesday. UBS Group set a $195.00 price objective on shares of Alphabet in a research report on Friday, April 25th. Jefferies Financial Group reduced their target price on shares of Alphabet from $235.00 to $200.00 and set a "buy" rating for the company in a research note on Monday, March 31st. KeyCorp increased their price target on shares of Alphabet from $185.00 to $195.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $178.00 price objective on shares of Alphabet in a research note on Friday, April 25th. Ten research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $200.17.

Insider Buying and Selling

In other news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $155.90, for a total transaction of $5,066,750.00. Following the sale, the chief executive officer now directly owns 2,652,696 shares in the company, valued at approximately $413,555,306.40. The trade was a 1.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O'toole sold 673 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $2,377,014.99. The trade was a 4.21% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 216,195 shares of company stock valued at $35,764,898 over the last ninety days. 11.64% of the stock is owned by company insiders.

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.

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