Alphabet Inc. (NASDAQ:GOOG) Holdings Raised by Kennedy Capital Management LLC

Kennedy Capital Management LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 6.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 79,975 shares of the information services provider’s stock after purchasing an additional 5,026 shares during the quarter. Kennedy Capital Management LLC’s holdings in Alphabet were worth $12,177,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Navalign LLC increased its position in Alphabet by 3.3% in the fourth quarter. Navalign LLC now owns 8,155 shares of the information services provider’s stock worth $1,149,000 after buying an additional 260 shares during the period. Syntegra Private Wealth Group LLC lifted its position in Alphabet by 31.6% in the 4th quarter. Syntegra Private Wealth Group LLC now owns 2,190 shares of the information services provider’s stock valued at $309,000 after purchasing an additional 526 shares during the last quarter. Meadow Creek Wealth Advisors LLC acquired a new position in Alphabet during the 4th quarter valued at about $498,000. Brave Asset Management Inc. grew its position in Alphabet by 0.6% in the 4th quarter. Brave Asset Management Inc. now owns 66,185 shares of the information services provider’s stock worth $9,327,000 after purchasing an additional 392 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Alphabet in the fourth quarter valued at approximately $168,000. 27.26% of the stock is currently owned by institutional investors.

Alphabet Price Performance

Shares of NASDAQ:GOOG traded up $0.73 on Tuesday, reaching $171.86. 13,359,997 shares of the company traded hands, compared to its average volume of 20,562,094. The stock has a market capitalization of $2.12 trillion, a PE ratio of 26.31, a P/E/G ratio of 1.25 and a beta of 1.05. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08. The company’s 50 day moving average is $180.42 and its 200-day moving average is $162.23. Alphabet Inc. has a fifty-two week low of $121.46 and a fifty-two week high of $193.31.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.04. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The business had revenue of $84.74 billion during the quarter, compared to analyst estimates of $84.22 billion. During the same quarter last year, the company posted $1.44 EPS. Alphabet’s revenue for the quarter was up 13.6% on a year-over-year basis. As a group, analysts anticipate that Alphabet Inc. will post 7.62 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, September 9th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Monday, September 9th. Alphabet’s dividend payout ratio (DPR) is currently 12.27%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. TD Cowen lifted their target price on Alphabet from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Morgan Stanley reiterated an “overweight” rating and issued a $165.00 price objective on shares of Alphabet in a report on Thursday, April 11th. Wolfe Research raised Alphabet to a “strong-buy” rating in a report on Tuesday, July 16th. Rosenblatt Securities cut Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price target on the stock. in a research report on Friday, June 28th. Finally, Stifel Nicolaus upped their price objective on Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of “Buy” and a consensus target price of $182.86.

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $166.80, for a total value of $3,753,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,280,511 shares of the company’s stock, valued at approximately $380,389,234.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $166.80, for a total value of $3,753,000.00. Following the completion of the sale, the chief executive officer now owns 2,280,511 shares in the company, valued at approximately $380,389,234.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $168.08, for a total transaction of $252,120.00. Following the transaction, the director now owns 4,391 shares in the company, valued at $738,039.28. The disclosure for this sale can be found here. Insiders sold a total of 144,808 shares of company stock valued at $25,685,868 over the last quarter. Company insiders own 12.99% of the company’s stock.

Alphabet Company Profile

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.