Yousif Capital Management LLC Sells 6,129 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Yousif Capital Management LLC trimmed its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 0.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 722,077 shares of the information services provider's stock after selling 6,129 shares during the period. Alphabet comprises about 1.3% of Yousif Capital Management LLC's holdings, making the stock its 7th biggest holding. Yousif Capital Management LLC's holdings in Alphabet were worth $111,662,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of GOOGL. Compass Planning Associates Inc bought a new position in Alphabet during the fourth quarter valued at approximately $30,000. PayPay Securities Corp increased its holdings in shares of Alphabet by 36.1% during the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock valued at $46,000 after acquiring an additional 65 shares during the last quarter. Anderson Financial Strategies LLC acquired a new position in Alphabet in the 4th quarter valued at $49,000. Navigoe LLC bought a new position in shares of Alphabet in the fourth quarter worth about $51,000. Finally, Prudent Man Investment Management Inc. bought a new stake in shares of Alphabet in the fourth quarter valued at approximately $53,000. Institutional investors and hedge funds own 40.03% of the company's stock.

Insider Buying and Selling

In other news, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the sale, the chief executive officer now owns 2,717,696 shares in the company, valued at $430,917,877.76. This represents a 1.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider John Kent Walker sold 11,764 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $166.84, for a total value of $1,962,705.76. Following the completion of the sale, the insider now directly owns 49,037 shares of the company's stock, valued at approximately $8,181,333.08. The trade was a 19.35% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 195,770 shares of company stock worth $32,036,638. 11.64% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on GOOGL. BMO Capital Markets restated an "outperform" rating and set a $200.00 price target (down from $230.00) on shares of Alphabet in a research note on Thursday, April 17th. Bank of America lifted their price objective on Alphabet from $185.00 to $200.00 and gave the stock a "buy" rating in a report on Friday, April 25th. Mizuho cut their target price on Alphabet from $230.00 to $205.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Morgan Stanley cut their target price on Alphabet from $210.00 to $185.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 price target on shares of Alphabet in a research note on Wednesday, April 23rd. Ten research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $199.75.

Alphabet Trading Up 1.4%

Shares of Alphabet stock traded up $2.51 during trading on Tuesday, reaching $178.60. 61,705,672 shares of the company were exchanged, compared to its average volume of 30,325,150. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $207.05. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $2.17 trillion, a price-to-earnings ratio of 22.19, a P/E/G ratio of 1.34 and a beta of 1.01. The business has a 50-day moving average price of $160.52 and a 200-day moving average price of $174.46.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data 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 32.49% and a net margin of 28.60%. The business had revenue of $76.49 billion during the quarter, compared to analyst estimates of $89.30 billion. During the same period in the previous year, the firm earned $1.89 EPS. Sell-side analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be paid a $0.21 dividend. This is an increase from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.84 annualized dividend and a dividend yield of 0.47%. Alphabet's dividend payout ratio (DPR) 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.