Blair William & Co. IL Sells 25,398 Shares of Alphabet Inc. (NASDAQ:GOOG)

Blair William & Co. IL cut its position in Alphabet Inc. (NASDAQ:GOOG) by 0.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,464,066 shares of the information services provider’s stock after selling 25,398 shares during the period. Alphabet accounts for about 1.7% of Blair William & Co. IL’s investment portfolio, making the stock its 7th biggest position. Blair William & Co. IL’s holdings in Alphabet were worth $527,439,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HBK Sorce Advisory LLC lifted its position in shares of Alphabet by 1.2% during the first quarter. HBK Sorce Advisory LLC now owns 54,394 shares of the information services provider’s stock worth $8,282,000 after purchasing an additional 631 shares in the last quarter. Midwest Professional Planners LTD. lifted its position in shares of Alphabet by 66.9% during the first quarter. Midwest Professional Planners LTD. now owns 7,737 shares of the information services provider’s stock worth $1,178,000 after purchasing an additional 3,100 shares in the last quarter. First Eagle Investment Management LLC lifted its position in shares of Alphabet by 0.3% during the first quarter. First Eagle Investment Management LLC now owns 6,729,539 shares of the information services provider’s stock worth $1,024,640,000 after purchasing an additional 18,270 shares in the last quarter. Wealthquest Corp lifted its position in shares of Alphabet by 6.3% during the first quarter. Wealthquest Corp now owns 2,188 shares of the information services provider’s stock worth $333,000 after purchasing an additional 129 shares in the last quarter. Finally, Landaas & Co. WI ADV acquired a new position in shares of Alphabet during the first quarter worth approximately $211,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $166.67, for a total transaction of $113,668.94. Following the completion of the sale, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at $4,880,764.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director John L. Hennessy sold 2,100 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $175.76, for a total transaction of $369,096.00. Following the completion of the sale, the director now owns 5,891 shares of the company’s stock, valued at $1,035,402.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $166.67, for a total transaction of $113,668.94. Following the transaction, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at approximately $4,880,764.28. The disclosure for this sale can be found here. Insiders sold 146,988 shares of company stock valued at $26,068,355 over the last quarter. Corporate insiders own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus boosted their price target on shares of Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. TD Cowen boosted their price target on shares of Alphabet from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Oppenheimer boosted their price target on shares of Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Rosenblatt Securities downgraded shares of Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price target for the company. in a research note on Friday, June 28th. Finally, Morgan Stanley reissued an “overweight” rating and set a $165.00 price target on shares of Alphabet in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $174.38.

Alphabet Trading Up 0.1 %

NASDAQ:GOOG traded up $0.17 during trading hours on Friday, hitting $179.39. The stock had a trading volume of 14,467,066 shares, compared to its average volume of 20,494,764. Alphabet Inc. has a one year low of $118.68 and a one year high of $193.31. 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 company has a market cap of $2.22 trillion, a price-to-earnings ratio of 27.49, a P/E/G ratio of 1.37 and a beta of 1.05. The business’s 50 day moving average is $180.19 and its 200-day moving average is $160.24.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.51 by $0.38. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The firm had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $78.75 billion. During the same quarter in the prior year, the firm earned $1.17 earnings per share. The business’s quarterly revenue was up 15.4% on a year-over-year basis. Sell-side analysts anticipate that Alphabet Inc. will post 7.61 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently disclosed a — 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. Alphabet’s dividend payout ratio is 12.27%.

About Alphabet

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.