Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Flynn Zito Capital Management LLC

Flynn Zito Capital Management LLC cut its stake in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 2.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,380 shares of the information services provider’s stock after selling 86 shares during the quarter. Flynn Zito Capital Management LLC’s holdings in Alphabet were worth $510,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Alphabet in the 4th quarter worth about $30,000. Tributary Capital Management LLC purchased a new stake in shares of Alphabet in the 1st quarter worth about $30,000. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Alphabet in the 4th quarter worth about $38,000. Richardson Capital Management LLC boosted its position in shares of Alphabet by 87.5% in the 1st quarter. Richardson Capital Management LLC now owns 300 shares of the information services provider’s stock worth $45,000 after buying an additional 140 shares in the last quarter. Finally, Armor Investment Advisors LLC boosted its position in shares of Alphabet by 31.0% in the 4th quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock worth $47,000 after buying an additional 80 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Prabhakar Raghavan sold 3,262 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $183.99, for a total transaction of $600,175.38. Following the completion of the transaction, the senior vice president now directly owns 9 shares in the company, valued at approximately $1,655.91. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director John L. Hennessy sold 800 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $159.56, for a total transaction of $127,648.00. Following the completion of the transaction, the director now directly owns 7,991 shares in the company, valued at approximately $1,275,043.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Prabhakar Raghavan sold 3,262 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $183.99, for a total value of $600,175.38. Following the transaction, the senior vice president now owns 9 shares of the company’s stock, valued at $1,655.91. The disclosure for this sale can be found here. In the last three months, insiders sold 123,788 shares of company stock worth $21,143,403. 11.55% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

GOOGL has been the topic of several recent research reports. Wedbush boosted their price objective on shares of Alphabet from $175.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Wolfe Research boosted their price objective on shares of Alphabet from $180.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. TD Securities upped their target price on shares of Alphabet from $200.00 to $220.00 in a report on Wednesday. Bank of America restated a “buy” rating and issued a $200.00 target price on shares of Alphabet in a report on Tuesday, June 11th. Finally, Tigress Financial upped their target price on shares of Alphabet from $176.00 to $210.00 and gave the company a “strong-buy” rating in a report on Friday, May 24th. Six investment 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’s stock. According to data from MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and a consensus price target of $195.06.

Read Our Latest Analysis on Alphabet

Alphabet Stock Up 1.2 %

Shares of NASDAQ:GOOGL opened at $191.18 on Thursday. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 52-week low of $115.35 and a 52-week high of $191.75. The company has a 50 day moving average of $176.95 and a two-hundred day moving average of $157.15. The company 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 issued its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.40. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The company had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $66.04 billion. During the same quarter last year, the company earned $1.17 earnings per share. As a group, analysts forecast 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. Shareholders of record on Monday, June 10th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend was Monday, June 10th. Alphabet’s dividend payout ratio (DPR) is 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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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