Alphabet Inc. (NASDAQ:GOOGL) Position Lessened by Hunter Perkins Capital Management LLC

Hunter Perkins Capital Management LLC trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 5.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 108,018 shares of the information services provider's stock after selling 6,018 shares during the quarter. Alphabet comprises about 3.3% of Hunter Perkins Capital Management LLC's holdings, making the stock its 8th largest position. Hunter Perkins Capital Management LLC's holdings in Alphabet were worth $16,303,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Tributary Capital Management LLC purchased a new stake in shares of Alphabet during the 1st quarter valued at $30,000. Vermillion & White Wealth Management Group LLC bought a new position in Alphabet in the fourth quarter valued at $30,000. DiNuzzo Private Wealth Inc. purchased a new stake in Alphabet during the fourth quarter valued at about $38,000. Richardson Capital Management LLC raised its position in Alphabet by 87.5% during the first quarter. Richardson Capital Management LLC now owns 300 shares of the information services provider's stock valued at $45,000 after purchasing an additional 140 shares in the last quarter. Finally, Meritage Group LP lifted its stake in Alphabet by 1,061.5% during the third quarter. Meritage Group LP now owns 302 shares of the information services provider's stock worth $40,000 after purchasing an additional 276 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O'toole sold 682 shares of Alphabet stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $136.49, for a total value of $93,086.18. Following the completion of the transaction, the chief accounting officer now owns 28,602 shares of the company's stock, valued at approximately $3,903,886.98. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CAO Amie Thuener O'toole sold 682 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $136.49, for a total transaction of $93,086.18. Following the sale, the chief accounting officer now owns 28,602 shares in the company, valued at $3,903,886.98. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Sundar Pichai sold 22,500 shares of the business's stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $166.80, for a total transaction of $3,753,000.00. Following the completion of the transaction, the chief executive officer now owns 2,280,511 shares of the company's stock, valued at $380,389,234.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 275,129 shares of company stock worth $40,382,765. 0.88% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on GOOGL shares. Royal Bank of Canada raised their price objective on Alphabet from $155.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, April 26th. JMP Securities lifted their price target on shares of Alphabet from $160.00 to $200.00 and gave the stock a "market outperform" rating in a research note on Friday, April 26th. Stifel Nicolaus boosted their price objective on shares of Alphabet from $174.00 to $196.00 and gave the stock a "buy" rating in a report on Friday, April 26th. Wolfe Research increased their target price on shares of Alphabet from $180.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, April 26th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Alphabet from $165.00 to $200.00 and gave the stock an "overweight" rating in a research note on Friday, April 26th. Five research analysts have rated the stock with a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $190.60.

Alphabet Stock Up 0.4 %

Alphabet stock traded up $0.62 on Friday, hitting $167.24. 34,662,432 shares of the stock traded hands, compared to its average volume of 30,096,166. Alphabet Inc. has a 1 year low of $103.97 and a 1 year high of $174.71. The firm has a market cap of $2.08 trillion, a P/E ratio of 25.65, a price-to-earnings-growth ratio of 1.28 and a beta of 1.02. 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 business's fifty day simple moving average is $150.14 and its 200 day simple moving average is $142.32.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.49 by $0.40. The company had revenue of $80.54 billion during the quarter, compared to analysts' expectations of $66.04 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. During the same period last year, the company posted $1.17 EPS. As a group, sell-side analysts forecast that Alphabet Inc. will post 7.57 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors 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 yield of 0.48%. The ex-dividend date of this dividend is Monday, June 10th.

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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