Alphabet Inc. (NASDAQ:GOOG) is Xponance Inc.'s 9th Largest Position

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

A number of other hedge funds have also recently added to or reduced their stakes in the company. LSV Asset Management purchased a new position in shares of Alphabet during the 4th quarter worth approximately $27,000. Principia Wealth Advisory LLC increased its stake in shares of Alphabet by 111.8% during the 1st quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock worth $26,000 after purchasing an additional 85 shares in the last quarter. MorganRosel Wealth Management LLC purchased a new position in shares of Alphabet during the 1st quarter worth approximately $26,000. WealthTrak Capital Management LLC purchased a new position in shares of Alphabet during the 4th quarter worth approximately $38,000. Finally, Mountain Hill Investment Partners Corp. purchased a new position in shares of Alphabet during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 27.26% of the company's stock.

Insider Activity at Alphabet

In other news, Director John L. Hennessy sold 600 shares of the company's 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 sale, the director directly owned 6,813 shares of the company's stock, valued at approximately $1,192,275. This represents a 8.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $178.52, for a total transaction of $5,801,900.00. Following the completion of the sale, the chief executive officer owned 2,559,892 shares of the company's stock, valued at approximately $456,991,919.84. This trade represents a 1.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 215,443 shares of company stock valued at $36,298,548 in the last quarter. Insiders own 12.99% of the company's stock.

Alphabet Stock Up 0.8%

Shares of NASDAQ:GOOG traded up $1.50 during midday trading on Monday, hitting $182.81. 20,968,875 shares of the company's stock traded hands, compared to its average volume of 21,448,418. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $208.70. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.77 and a current ratio of 1.77. The company has a market cap of $2.22 trillion, a PE ratio of 20.38, a P/E/G ratio of 1.27 and a beta of 1.01. The firm's fifty day moving average price is $171.50 and its two-hundred day moving average price is $174.76.

Alphabet (NASDAQ:GOOG - Get Free Report) last released 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 net margin of 30.86% and a return on equity of 34.54%. The company had revenue of $90.23 billion during the quarter, compared to the consensus estimate of $89.30 billion. During the same quarter in the previous year, the firm earned $1.89 EPS. The company's revenue was up 12.0% on a year-over-year basis. On average, equities research analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 9th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend 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%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on GOOG shares. Roth Capital reissued a "buy" rating on shares of Alphabet in a research note on Wednesday, July 9th. Raymond James Financial reaffirmed an "outperform" rating on shares of Alphabet in a research note on Wednesday, July 9th. Tigress Financial reaffirmed a "strong-buy" rating on shares of Alphabet in a research note on Friday, May 2nd. UBS Group reaffirmed a "buy" rating on shares of Alphabet in a research note on Wednesday, July 9th. Finally, KeyCorp decreased their price target on shares of Alphabet from $202.00 to $185.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Three 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $207.13.

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.