Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Courier Capital LLC

Courier Capital LLC grew its stake in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 0.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,730 shares of the information services provider’s stock after buying an additional 104 shares during the quarter. Courier Capital LLC’s holdings in Alphabet were worth $2,072,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. M. Kraus & Co grew its position in Alphabet by 1.1% in the first quarter. M. Kraus & Co now owns 6,267 shares of the information services provider’s stock worth $946,000 after acquiring an additional 66 shares during the period. Wynn Capital LLC lifted its stake in Alphabet by 3.9% during the first quarter. Wynn Capital LLC now owns 1,767 shares of the information services provider’s stock worth $267,000 after purchasing an additional 67 shares in the last quarter. Aire Advisors LLC lifted its stake in Alphabet by 0.6% during the fourth quarter. Aire Advisors LLC now owns 11,772 shares of the information services provider’s stock worth $1,645,000 after purchasing an additional 68 shares in the last quarter. Henrickson Nauta Wealth Advisors Inc. lifted its stake in Alphabet by 2.1% during the first quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,274 shares of the information services provider’s stock worth $511,000 after purchasing an additional 68 shares in the last quarter. Finally, Defined Wealth Management LLC lifted its stake in Alphabet by 2.9% during the fourth quarter. Defined Wealth Management LLC now owns 2,531 shares of the information services provider’s stock worth $354,000 after purchasing an additional 71 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $154.79, for a total transaction of $105,566.78. Following the completion of the sale, the chief accounting officer now directly owns 29,284 shares in the company, valued at approximately $4,532,870.36. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $154.79, for a total transaction of $105,566.78. Following the completion of the sale, the chief accounting officer now directly owns 29,284 shares in the company, valued at approximately $4,532,870.36. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Prabhakar Raghavan sold 3,258 shares of Alphabet stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $155.97, for a total transaction of $508,150.26. Following the sale, the senior vice president now owns 144,685 shares of the company’s stock, valued at $22,566,519.45. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 146,284 shares of company stock valued at $24,534,393. 11.55% of the stock is owned by corporate insiders.

Alphabet Price Performance

Shares of GOOGL opened at $182.15 on Friday. Alphabet Inc. has a twelve month low of $115.35 and a twelve month high of $186.05. The stock’s 50 day moving average is $172.85 and its two-hundred day moving average is $154.29. The firm has a market capitalization of $2.25 trillion, a PE ratio of 27.94, a P/E/G ratio of 1.39 and a beta of 1.01. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGLGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The company had revenue of $80.54 billion for the quarter, compared to analyst estimates of $66.04 billion. During the same quarter in the previous year, the company earned $1.17 EPS. Research analysts anticipate that Alphabet Inc. will post 7.6 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend was Monday, June 10th. Alphabet’s dividend payout ratio is presently 12.27%.

Wall Street Analyst Weigh In

A number of research firms have commented on GOOGL. Sanford C. Bernstein upped their price target on Alphabet from $165.00 to $180.00 and gave the stock a “market perform” rating in a research note on Friday, April 26th. Wolfe Research raised their price target on Alphabet from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. KeyCorp raised their price target on Alphabet from $165.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Stifel Nicolaus restated a “buy” rating and issued a $196.00 price target on shares of Alphabet in a research note on Wednesday, May 15th. Finally, JMP Securities restated a “market outperform” rating and issued a $200.00 price target on shares of Alphabet in a research note on Wednesday, May 15th. Six investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $193.66.

View Our Latest Stock Report on Alphabet

About Alphabet

(Free Report)

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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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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