Alphabet Inc. (NASDAQ:GOOG) Shares Bought by 25 LLC

25 LLC raised its position in Alphabet Inc. (NASDAQ:GOOG) by 1.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 11,118 shares of the information services provider’s stock after acquiring an additional 119 shares during the period. Alphabet makes up 0.7% of 25 LLC’s investment portfolio, making the stock its 17th largest holding. 25 LLC’s holdings in Alphabet were worth $1,737,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. LSV Asset Management acquired a new position in shares of Alphabet during the 4th quarter worth $27,000. Principia Wealth Advisory LLC boosted its holdings in Alphabet by 111.8% during the first quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider’s stock worth $26,000 after buying an additional 85 shares in the last quarter. WealthTrak Capital Management LLC acquired a new position in Alphabet during the fourth quarter worth about $38,000. Mountain Hill Investment Partners Corp. purchased a new position in Alphabet in the fourth quarter valued at about $39,000. Finally, Noble Wealth Management PBC acquired a new stake in shares of Alphabet during the 4th quarter valued at approximately $43,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $168.71, for a total value of $5,483,075.00. Following the completion of the sale, the chief executive officer now directly owns 2,587,696 shares in the company, valued at approximately $436,570,192.16. This represents a 1.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John L. Hennessy sold 600 shares of the firm’s stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total value of $105,000.00. Following the completion of the transaction, the director now directly owns 6,813 shares in the company, valued at $1,192,275. This trade represents a 8.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 195,770 shares of company stock valued at $32,036,638. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Stock Up 3.0%

Shares of NASDAQ:GOOG opened at $174.92 on Monday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The firm has a market cap of $2.12 trillion, a price-to-earnings ratio of 21.73, a PEG ratio of 1.34 and a beta of 1.01. The stock’s 50-day moving average price is $161.88 and its two-hundred day moving average price is $176.09. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $208.70.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.79. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The business had revenue of $90.23 billion for the quarter, compared to analyst estimates of $89.30 billion. During the same period last year, the company posted $1.89 EPS. The business’s quarterly revenue was up 12.0% on a year-over-year basis. On average, research analysts forecast that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be paid a $0.21 dividend. This is a positive change from Alphabet’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Monday, June 9th. Alphabet’s payout ratio is currently 9.36%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Susquehanna restated a “positive” rating on shares of Alphabet in a report on Friday, May 2nd. Citigroup reiterated a “sell” rating on shares of Alphabet in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. raised their price target on Alphabet from $180.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, April 25th. Westpark Capital reiterated a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a research report on Friday, April 25th. Finally, Rosenblatt Securities raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 25th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and five have given a strong buy rating to the company’s stock. According to MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus target price of $204.88.

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.