American Institute for Advanced Investment Management LLP Purchases 141 Shares of Alphabet Inc. (NASDAQ:GOOG)

American Institute for Advanced Investment Management LLP raised its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 11.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,341 shares of the information services provider’s stock after purchasing an additional 141 shares during the period. American Institute for Advanced Investment Management LLP’s holdings in Alphabet were worth $209,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GOOG. Principia Wealth Advisory LLC raised its position in shares of Alphabet by 111.8% in the 1st quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider’s stock worth $26,000 after purchasing an additional 85 shares during the last quarter. LSV Asset Management purchased a new position in Alphabet in the 4th quarter worth about $27,000. WealthTrak Capital Management LLC purchased a new position in Alphabet in the 4th quarter worth about $38,000. Mountain Hill Investment Partners Corp. purchased a new position in Alphabet in the 4th quarter worth about $39,000. Finally, Noble Wealth Management PBC purchased a new position in Alphabet in the 4th quarter worth about $43,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling

In other news, CAO Amie Thuener O’toole sold 673 shares of the firm’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total transaction of $104,537.09. Following the transaction, the chief accounting officer now owns 15,303 shares in the company, valued at approximately $2,377,014.99. This trade represents a 4.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $168.71, for a total value of $5,483,075.00. Following the transaction, the chief executive officer now 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 disclosure for this sale can be found here. Insiders sold a total of 195,570 shares of company stock worth $32,003,532 over the last three months. 12.99% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on GOOG shares. Westpark Capital reissued a “buy” rating and issued a $210.00 target price on shares of Alphabet in a research report on Friday, April 25th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $220.00 price target on shares of Alphabet in a research report on Monday, June 2nd. Needham & Company LLC lowered shares of Alphabet from a “buy” rating to a “cautious” rating in a research report on Friday, May 2nd. Citigroup reiterated a “sell” rating on shares of Alphabet in a research note on Wednesday, April 23rd. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $171.00 price objective on shares of Alphabet in a research note on Friday, April 25th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and five have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $204.88.

Alphabet Stock Down 0.6%

NASDAQ GOOG opened at $175.88 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The company has a market capitalization of $2.13 trillion, a P/E ratio of 21.85, a P/E/G ratio of 1.34 and a beta of 1.01. Alphabet Inc. has a one year low of $142.66 and a one year high of $208.70. The stock has a 50 day moving average price of $164.57 and a 200-day moving average price of $176.34.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.79. The firm had revenue of $90.23 billion during the quarter, compared to the consensus estimate of $89.30 billion. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.89 EPS. As a group, equities analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be given a $0.21 dividend. The ex-dividend date of this dividend is Monday, June 9th. This is an increase from Alphabet’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 0.48%. Alphabet’s dividend payout ratio (DPR) is currently 9.36%.

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.