Yelin Lapidot Holdings Management Ltd. Sells 33,105 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Yelin Lapidot Holdings Management Ltd. lowered its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 33.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,392 shares of the information services provider's stock after selling 33,105 shares during the period. Alphabet makes up about 2.0% of Yelin Lapidot Holdings Management Ltd.'s holdings, making the stock its 15th biggest position. Yelin Lapidot Holdings Management Ltd.'s holdings in Alphabet were worth $10,267,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Pinnacle Financial Partners Inc grew its stake in Alphabet by 0.3% during the first quarter. Pinnacle Financial Partners Inc now owns 814,304 shares of the information services provider's stock valued at $125,924,000 after acquiring an additional 2,735 shares in the last quarter. Equita Financial Network Inc. purchased a new position in Alphabet during the first quarter valued at approximately $280,000. Krane Funds Advisors LLC grew its stake in Alphabet by 135.8% during the first quarter. Krane Funds Advisors LLC now owns 5,099 shares of the information services provider's stock valued at $789,000 after acquiring an additional 2,937 shares in the last quarter. Kanawha Capital Management LLC grew its stake in Alphabet by 2.0% during the first quarter. Kanawha Capital Management LLC now owns 157,198 shares of the information services provider's stock valued at $24,309,000 after acquiring an additional 3,043 shares in the last quarter. Finally, Aaron Wealth Advisors LLC grew its stake in Alphabet by 2.7% during the first quarter. Aaron Wealth Advisors LLC now owns 37,244 shares of the information services provider's stock valued at $5,759,000 after acquiring an additional 968 shares in the last quarter. Institutional investors own 40.03% of the company's stock.

Alphabet Trading Down 1.4%

NASDAQ:GOOGL opened at $174.36 on Wednesday. The company has a fifty day moving average of $169.31 and a 200 day moving average of $173.67. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $207.05. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $2.12 trillion, a P/E ratio of 19.44, a P/E/G ratio of 1.25 and a beta of 1.00.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings results 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. Alphabet had a net margin of 30.86% and a return on equity of 34.54%. The company had revenue of $76.49 billion during the quarter, compared to analyst estimates of $89.30 billion. During the same period in the prior year, the business posted $1.89 EPS. On average, research analysts predict that Alphabet Inc. will post 8.9 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. Shareholders of record on Monday, June 9th were issued a $0.21 dividend. The ex-dividend date was Monday, June 9th. This is a positive change from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 0.48%. Alphabet's dividend payout ratio is 9.36%.

Insiders Place Their Bets

In other Alphabet news, Director Kavitark Ram Shriram sold 10,500 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total value of $1,837,500.00. Following the completion of the transaction, the director directly owned 261,966 shares in the company, valued at approximately $45,844,050. This represents a 3.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $170.87, for a total transaction of $5,553,275.00. Following the completion of the transaction, the chief executive officer owned 2,620,196 shares of the company's stock, valued at $447,712,890.52. This trade represents a 1.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 215,643 shares of company stock worth $36,330,928. 11.55% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently commented on GOOGL shares. UBS Group set a $195.00 price objective on shares of Alphabet in a research note on Friday, April 25th. Citigroup reaffirmed a "buy" rating and set a $203.00 price objective (up previously from $200.00) on shares of Alphabet in a research note on Tuesday, June 24th. BNP Paribas cut shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 26th. BNP Paribas Exane reissued a "neutral" rating and issued a $172.00 price target on shares of Alphabet in a research note on Friday, June 27th. Finally, Citizens Jmp raised shares of Alphabet from a "market perform" rating to an "outperform" rating and set a $220.00 price target for the company in a research note on Friday, June 27th. Ten analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $200.13.

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.

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