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

JLB & Associates Inc. raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 7.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,801 shares of the information services provider’s stock after acquiring an additional 1,066 shares during the quarter. JLB & Associates Inc.’s holdings in Alphabet were worth $2,406,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Public Sector Pension Investment Board lifted its holdings in shares of Alphabet by 31.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 2,710,105 shares of the information services provider’s stock valued at $354,644,000 after purchasing an additional 654,278 shares during the last quarter. Polar Capital Holdings Plc raised its stake in Alphabet by 5.0% during the 3rd quarter. Polar Capital Holdings Plc now owns 2,733,651 shares of the information services provider’s stock valued at $357,726,000 after acquiring an additional 129,502 shares during the last quarter. EP Wealth Advisors LLC raised its stake in Alphabet by 16,618.9% during the 3rd quarter. EP Wealth Advisors LLC now owns 835,947 shares of the information services provider’s stock valued at $109,392,000 after acquiring an additional 830,947 shares during the last quarter. Trust Co. of Vermont raised its stake in Alphabet by 0.6% during the 3rd quarter. Trust Co. of Vermont now owns 88,235 shares of the information services provider’s stock valued at $11,546,000 after acquiring an additional 522 shares during the last quarter. Finally, Okabena Investment Services Inc. raised its stake in Alphabet by 1,880.0% during the 3rd quarter. Okabena Investment Services Inc. now owns 2,574 shares of the information services provider’s stock valued at $337,000 after acquiring an additional 2,444 shares during the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Price Performance

GOOGL stock opened at $191.18 on Thursday. Alphabet Inc. has a 52-week low of $115.35 and a 52-week high of $191.75. The stock’s fifty day simple moving average is $176.95 and its 200-day simple moving average is $157.15. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $2.36 trillion, a price-to-earnings ratio of 29.32, a price-to-earnings-growth ratio of 1.42 and a beta of 1.05.

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 (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.40. The business had revenue of $80.54 billion for 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 quarter last year, the firm earned $1.17 earnings per share. Equities research analysts expect that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 10th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend 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%.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $157.41, for a total value of $3,541,725.00. Following the transaction, the chief executive officer now directly owns 2,303,011 shares of the company’s stock, valued at approximately $362,516,961.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $166.67, for a total value of $113,668.94. Following the transaction, the chief accounting officer now directly owns 29,284 shares of the company’s stock, valued at $4,880,764.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $157.41, for a total value of $3,541,725.00. Following the completion of the transaction, the chief executive officer now directly owns 2,303,011 shares in the company, valued at $362,516,961.51. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 123,788 shares of company stock valued at $21,143,403. 11.55% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

GOOGL has been the subject of several analyst reports. Citigroup upped their price objective on Alphabet from $168.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Evercore ISI upped their price objective on Alphabet from $220.00 to $225.00 and gave the company an “outperform” rating in a research note on Tuesday, June 11th. Barclays upped their price objective on Alphabet from $173.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Raymond James increased their target price on Alphabet from $160.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Finally, Morgan Stanley reissued an “overweight” rating and set a $195.00 target price on shares of Alphabet in a research note on Wednesday, May 15th. Six research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $195.06.

View Our Latest Stock Analysis on GOOGL

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.

Further Reading

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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