Xponance Inc. Has $181.08 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Xponance Inc. reduced its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 0.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,159,074 shares of the information services provider's stock after selling 10,902 shares during the period. Alphabet comprises about 1.8% of Xponance Inc.'s holdings, making the stock its 9th largest holding. Xponance Inc.'s holdings in Alphabet were worth $181,082,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of GOOG. ARQ Wealth Advisors LLC increased its holdings in shares of Alphabet by 39.3% during the 4th quarter. ARQ Wealth Advisors LLC now owns 4,964 shares of the information services provider's stock valued at $945,000 after acquiring an additional 1,400 shares during the last quarter. Independence Bank of Kentucky grew its holdings in Alphabet by 10.2% in the 1st quarter. Independence Bank of Kentucky now owns 14,907 shares of the information services provider's stock valued at $2,329,000 after buying an additional 1,376 shares during the last quarter. Harvest Investment Services LLC grew its holdings in Alphabet by 3.3% in the 4th quarter. Harvest Investment Services LLC now owns 4,329 shares of the information services provider's stock valued at $824,000 after buying an additional 138 shares during the last quarter. North Forty Two & Co. acquired a new stake in Alphabet in the 4th quarter valued at approximately $281,000. Finally, Fermata Advisors LLC grew its holdings in Alphabet by 2.7% in the 1st quarter. Fermata Advisors LLC now owns 9,771 shares of the information services provider's stock valued at $1,527,000 after buying an additional 259 shares during the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Alphabet

In related news, Director Kavitark Ram Shriram sold 9,000 shares of the company's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total value of $1,575,000.00. Following the completion of the sale, the director owned 255,400 shares in the company, valued at approximately $44,695,000. This represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John L. Hennessy sold 600 shares of the company's stock in a transaction dated 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 sale, the director owned 6,813 shares of the company's stock, valued at $1,192,275. This represents a 8.09% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 215,643 shares of company stock worth $36,330,928. 12.99% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on GOOG shares. Oppenheimer restated an "outperform" rating and set a $220.00 target price (up previously from $200.00) on shares of Alphabet in a research report on Wednesday. BNP Paribas downgraded Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 26th. KeyCorp cut their price objective on Alphabet from $202.00 to $185.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Roth Capital reiterated a "buy" rating on shares of Alphabet in a research report on Wednesday. Finally, JPMorgan Chase & Co. lifted their price objective on Alphabet from $195.00 to $200.00 and gave the company an "overweight" rating in a research report on Friday. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and six have given a strong buy rating to the company. According to data from MarketBeat.com, Alphabet has a consensus rating of "Moderate Buy" and an average price target of $207.13.

Alphabet Trading Up 1.5%

NASDAQ GOOG traded up $2.61 on Friday, reaching $181.31. The company had a trading volume of 23,949,486 shares, compared to its average volume of 21,422,256. The stock's 50 day moving average is $171.19 and its 200-day moving average is $175.18. The stock has a market cap of $2.20 trillion, a price-to-earnings ratio of 20.21, a PEG ratio of 1.26 and a beta of 1.01. 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 52 week low of $142.66 and a 52 week high of $208.70.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating analysts' consensus estimates of $2.02 by $0.79. The business had revenue of $90.23 billion during 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%. The firm's revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.89 earnings per share. Equities analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 9th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend was Monday, June 9th. This is an increase from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio is currently 9.36%.

About Alphabet

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.