Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Dillon & Associates Inc.

Dillon & Associates Inc. grew its position in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 0.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 195,134 shares of the information services provider’s stock after acquiring an additional 394 shares during the period. Alphabet comprises approximately 4.6% of Dillon & Associates Inc.’s investment portfolio, making the stock its 6th biggest position. Dillon & Associates Inc.’s holdings in Alphabet were worth $29,465,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. M. Kraus & Co boosted its stake in Alphabet by 1.1% during the first 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 in 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 valued at $267,000 after purchasing an additional 67 shares in 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 valued at $1,645,000 after purchasing an additional 68 shares in 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 valued at $511,000 after purchasing an additional 68 shares in the last quarter. Finally, Fiduciary Planning LLC boosted its stake in shares of Alphabet by 0.7% in the 1st quarter. Fiduciary Planning LLC now owns 9,219 shares of the information services provider’s stock valued at $1,391,000 after purchasing an additional 68 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $183.47, for a total transaction of $125,126.54. Following the completion of the transaction, the chief accounting officer now owns 30,650 shares of the company’s stock, valued at approximately $5,623,355.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $183.47, for a total transaction of $125,126.54. Following the sale, the chief accounting officer now owns 30,650 shares in the company, valued at approximately $5,623,355.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 approximately $1,655.91. The disclosure for this sale can be found here. Insiders sold a total of 123,788 shares of company stock valued at $21,143,403 in the last quarter. 11.55% of the stock is currently owned by insiders.

Analyst Ratings Changes

GOOGL has been the topic of several recent analyst reports. JMP Securities restated a “market outperform” rating and issued a $200.00 target price on shares of Alphabet in a research note on Wednesday, May 15th. Robert W. Baird boosted their target price on shares of Alphabet from $160.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Wells Fargo & Company lifted their price target on Alphabet from $168.00 to $187.00 and gave the company an “equal weight” rating in a report on Monday. Morgan Stanley reaffirmed an “overweight” rating and issued a $195.00 price target on shares of Alphabet in a report on Wednesday, May 15th. Finally, Truist Financial lifted 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 investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $195.06.

Check Out Our Latest Report on GOOGL

Alphabet Price Performance

Shares of GOOGL opened at $191.18 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15. The stock has a 50 day simple moving average of $176.95 and a 200 day simple moving average of $157.15. Alphabet Inc. has a 52-week low of $115.35 and a 52-week high of $191.75. The firm has a market capitalization of $2.36 trillion, a PE ratio of 29.32, a P/E/G ratio of 1.42 and a beta of 1.05.

Alphabet (NASDAQ:GOOGLGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, topping 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 firm had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $66.04 billion. During the same quarter in the prior year, the firm posted $1.17 EPS. Sell-side analysts predict that Alphabet Inc. will post 7.6 EPS for the current fiscal year.

Alphabet Announces Dividend

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

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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