Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Strategic Advisors LLC

Strategic Advisors LLC decreased its position in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 7.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 113,567 shares of the information services provider’s stock after selling 8,677 shares during the quarter. Alphabet comprises approximately 3.4% of Strategic Advisors LLC’s holdings, making the stock its 5th largest position. Strategic Advisors LLC’s holdings in Alphabet were worth $17,141,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. M. Kraus & Co lifted its position 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 acquiring an additional 66 shares during the period. Wynn Capital LLC raised its holdings 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 in the last quarter. Aire Advisors LLC raised its holdings 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 in the last quarter. Henrickson Nauta Wealth Advisors Inc. raised its holdings 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 in the last quarter. Finally, Penbrook Management LLC raised its holdings 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 in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of a number of recent research reports. Royal Bank of Canada increased their target price on Alphabet from $155.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. BMO Capital Markets reaffirmed an “outperform” rating and set a $215.00 price target on shares of Alphabet in a report on Wednesday, May 15th. Roth Mkm raised their price target on Alphabet from $164.00 to $202.00 and gave the company a “buy” rating in a report on Friday, April 26th. Susquehanna raised their price target on Alphabet from $170.00 to $225.00 and gave the company a “positive” rating in a report on Monday, April 29th. Finally, Truist Financial raised their price target on Alphabet from $170.00 to $190.00 and gave the company a “buy” rating in a report on Friday, April 26th. Six research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and an average target price of $194.34.

Get Our Latest Report on GOOGL

Insider Transactions at Alphabet

In related news, SVP Prabhakar Raghavan sold 3,262 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $183.99, for a total transaction of $600,175.38. Following the sale, the senior vice president now owns 9 shares in the company, valued at $1,655.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Alphabet news, SVP Prabhakar Raghavan sold 3,262 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $183.99, for a total value of $600,175.38. Following the sale, the senior vice president now owns 9 shares in the company, valued at $1,655.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $166.67, for a total value of $113,668.94. Following the completion of the transaction, the chief accounting officer now directly owns 29,284 shares in the company, valued at approximately $4,880,764.28. The disclosure for this sale can be found here. Insiders sold 123,788 shares of company stock valued at $21,143,403 over the last three months. Company insiders own 11.55% of the company’s stock.

Alphabet Stock Down 0.0 %

GOOGL stock opened at $188.98 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.15. The stock has a market capitalization of $2.34 trillion, a P/E ratio of 28.98, a P/E/G ratio of 1.43 and a beta of 1.05. The business has a 50-day moving average of $176.41 and a 200-day moving average of $156.91. Alphabet Inc. has a fifty-two week low of $115.35 and a fifty-two week high of $191.36.

Alphabet (NASDAQ:GOOGLGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 29.52% and a net margin of 25.90%. During the same period in the prior year, the firm earned $1.17 earnings per share. On average, sell-side analysts anticipate that Alphabet Inc. will post 7.6 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 10th were given a dividend of $0.20 per share. The ex-dividend date was Monday, June 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.42%. Alphabet’s dividend payout ratio is currently 12.27%.

Alphabet Profile

(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.

See Also

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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