Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Compound Global Advisors LLC

Compound Global Advisors LLC boosted its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 125.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 199,469 shares of the information services provider's stock after purchasing an additional 110,869 shares during the period. Alphabet accounts for about 4.5% of Compound Global Advisors LLC's portfolio, making the stock its 5th biggest holding. Compound Global Advisors LLC's holdings in Alphabet were worth $30,106,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GOOGL. M. Kraus & Co boosted its stake in shares of Alphabet by 1.1% in the 1st quarter. M. Kraus & Co now owns 6,267 shares of the information services provider's stock worth $946,000 after buying an additional 66 shares during the last quarter. Wynn Capital LLC boosted its stake in shares of Alphabet by 3.9% in the 1st quarter. Wynn Capital LLC now owns 1,767 shares of the information services provider's stock worth $267,000 after buying an additional 67 shares during the last quarter. Aire Advisors LLC boosted its stake in shares of Alphabet by 0.6% in the 4th quarter. Aire Advisors LLC now owns 11,772 shares of the information services provider's stock worth $1,645,000 after buying an additional 68 shares during the last quarter. Henrickson Nauta Wealth Advisors Inc. boosted its stake in shares of Alphabet by 2.1% in the 1st quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,274 shares of the information services provider's stock worth $511,000 after buying an additional 68 shares during the last quarter. Finally, Penbrook Management LLC boosted its stake in shares of Alphabet by 0.3% in the 1st quarter. Penbrook Management LLC now owns 23,170 shares of the information services provider's stock worth $3,497,000 after buying an additional 70 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet Trading Up 0.7 %

Shares of NASDAQ GOOGL traded up $1.08 during trading hours on Wednesday, reaching $163.86. The stock had a trading volume of 32,498,400 shares, compared to its average volume of 30,886,965. The company has a current ratio of 2.15, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. The firm has a market cap of $2.04 trillion, a price-to-earnings ratio of 25.13, a P/E/G ratio of 1.29 and a beta of 1.05. The business's fifty day moving average price is $149.22 and its two-hundred day moving average price is $141.95. Alphabet Inc. has a 52-week low of $103.71 and a 52-week high of $174.71.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping analysts' consensus estimates of $1.49 by $0.40. The company had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $66.04 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. During the same quarter in the previous year, the firm posted $1.17 earnings per share. Analysts expect that Alphabet Inc. will post 7.49 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend is Monday, June 10th.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O'toole sold 660 shares of the company's stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total transaction of $94,769.40. Following the transaction, the chief accounting officer now directly owns 27,920 shares of the company's stock, valued at $4,009,032.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CAO Amie Thuener O'toole sold 660 shares of the company's stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total value of $94,769.40. Following the transaction, the chief accounting officer now directly owns 27,920 shares of the company's stock, valued at approximately $4,009,032.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the company's stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $146.29, for a total value of $3,291,525.00. Following the completion of the transaction, the chief executive officer now directly owns 2,377,691 shares in the company, valued at $347,832,416.39. The disclosure for this sale can be found here. Over the last three months, insiders have sold 275,789 shares of company stock valued at $40,477,534. Corporate insiders own 0.88% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Argus lifted their target price on Alphabet from $170.00 to $200.00 and gave the company a "buy" rating in a research report on Tuesday. Robert W. Baird lifted their target price on Alphabet from $160.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, April 26th. Wedbush lifted their target price on Alphabet from $175.00 to $205.00 and gave the company an "outperform" rating in a research report on Friday, April 26th. JMP Securities lifted their target price on Alphabet from $160.00 to $200.00 and gave the company a "market outperform" rating in a research report on Friday, April 26th. Finally, Raymond James raised their price target on Alphabet from $160.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, April 26th. Five research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $190.60.

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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