Alphabet Inc. (NASDAQ:GOOG) Position Decreased by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 87,111 shares of the information services provider’s stock after selling 349 shares during the period. Banque Cantonale Vaudoise’s holdings in Alphabet were worth $13,264,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Legacy Private Trust Co. boosted its position in shares of Alphabet by 12.4% during the 1st quarter. Legacy Private Trust Co. now owns 7,306 shares of the information services provider’s stock valued at $1,112,000 after purchasing an additional 808 shares in the last quarter. Abacus Wealth Partners LLC boosted its holdings in shares of Alphabet by 31.9% in the first quarter. Abacus Wealth Partners LLC now owns 5,246 shares of the information services provider’s stock worth $799,000 after buying an additional 1,268 shares during the period. Thomasville National Bank boosted its holdings in shares of Alphabet by 1.6% in the first quarter. Thomasville National Bank now owns 296,948 shares of the information services provider’s stock worth $45,213,000 after buying an additional 4,605 shares during the period. Signal Advisors Wealth LLC boosted its holdings in shares of Alphabet by 3.0% in the first quarter. Signal Advisors Wealth LLC now owns 16,343 shares of the information services provider’s stock worth $2,488,000 after buying an additional 472 shares during the period. Finally, Perpetual Ltd boosted its holdings in shares of Alphabet by 0.9% in the first quarter. Perpetual Ltd now owns 22,032 shares of the information services provider’s stock worth $3,355,000 after buying an additional 198 shares during the period. Institutional investors own 27.26% of the company’s stock.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $154.79, for a total transaction of $105,566.78. Following the transaction, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at $4,532,870.36. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $154.79, for a total transaction of $105,566.78. Following the transaction, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at $4,532,870.36. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $155.67, for a total transaction of $3,502,575.00. Following the completion of the transaction, the chief executive officer now directly owns 2,325,513 shares in the company, valued at approximately $362,012,608.71. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 135,958 shares of company stock valued at $22,383,553. 12.99% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on GOOG. Oppenheimer raised their target price on shares of Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Morgan Stanley reiterated an “overweight” rating and issued a $165.00 target price on shares of Alphabet in a report on Thursday, April 11th. Finally, Stifel Nicolaus raised their target price on shares of Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $165.67.

Alphabet Price Performance

NASDAQ GOOG opened at $180.26 on Friday. The company has a 50 day simple moving average of $171.61 and a 200-day simple moving average of $153.81. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.15. The firm has a market capitalization of $2.23 trillion, a price-to-earnings ratio of 27.65, a price-to-earnings-growth ratio of 1.33 and a beta of 1.01. Alphabet Inc. has a 52-week low of $115.83 and a 52-week high of $182.51.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.38. The firm had revenue of $80.54 billion for the quarter, compared to analyst estimates of $78.75 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.17 earnings per share. Equities research analysts predict that Alphabet Inc. will post 7.6 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently disclosed a — dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 10th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 10th. Alphabet’s payout ratio is presently 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.