Zevin Asset Management LLC Has $18.26 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Zevin Asset Management LLC lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 11.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 116,883 shares of the information services provider's stock after selling 15,035 shares during the period. Alphabet accounts for approximately 2.9% of Zevin Asset Management LLC's holdings, making the stock its 10th biggest position. Zevin Asset Management LLC's holdings in Alphabet were worth $18,261,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of GOOG. Principia Wealth Advisory LLC boosted its position in shares of Alphabet by 111.8% in the first quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock valued at $26,000 after acquiring an additional 85 shares during the period. MorganRosel Wealth Management LLC bought a new position in shares of Alphabet in the 1st quarter worth $26,000. LSV Asset Management bought a new position in Alphabet during the 4th quarter valued at $27,000. Goodman Advisory Group LLC bought a new stake in shares of Alphabet during the 1st quarter worth $32,000. Finally, WealthTrak Capital Management LLC bought a new stake in shares of Alphabet during the 4th quarter worth $38,000. Institutional investors own 27.26% of the company's stock.

Alphabet Stock Up 0.0%

Shares of GOOG traded up $0.02 during mid-day trading on Tuesday, reaching $191.17. The company had a trading volume of 12,951,317 shares, compared to its average volume of 21,567,257. The company has a market capitalization of $2.32 trillion, a price-to-earnings ratio of 21.30, a price-to-earnings-growth ratio of 1.30 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. The firm has a 50-day moving average price of $174.02 and a 200 day moving average price of $174.50. 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 announced its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.79. The company had revenue of $90.23 billion during the quarter, compared to the consensus estimate of $89.30 billion. Alphabet had a net margin of 30.86% and a return on equity of 34.54%. Alphabet's revenue was up 12.0% compared to the same quarter last year. During the same period last year, the firm earned $1.89 earnings per share. On average, sell-side analysts forecast that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 9th were issued a $0.21 dividend. This is an increase from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.44%. Alphabet's dividend payout ratio is currently 9.36%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on GOOG. Oppenheimer raised their target price on Alphabet from $200.00 to $220.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 9th. KeyCorp cut their target price on Alphabet from $202.00 to $185.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Raymond James Financial restated an "outperform" rating on shares of Alphabet in a report on Wednesday, July 9th. Piper Sandler reiterated a "neutral" rating on shares of Alphabet in a report on Wednesday, July 9th. Finally, Cowen reiterated a "buy" rating on shares of Alphabet in a research note on Wednesday, July 9th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and five have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $208.40.

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the firm'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 value of $5,801,900.00. Following the transaction, the chief executive officer directly 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kavitark Ram Shriram sold 18,566 shares of the company's stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $185.76, for a total value of $3,448,820.16. Following the sale, the director owned 243,400 shares in the company, valued at approximately $45,213,984. This represents a 7.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold 249,409 shares of company stock worth $43,523,710 in the last 90 days. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Company 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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