Hoxton Planning & Management LLC Has $1.38 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

Hoxton Planning & Management LLC boosted its position in Alphabet Inc. (NASDAQ:GOOGL) by 2.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,136 shares of the information services provider’s stock after buying an additional 187 shares during the period. Alphabet makes up 0.7% of Hoxton Planning & Management LLC’s holdings, making the stock its 27th biggest holding. Hoxton Planning & Management LLC’s holdings in Alphabet were worth $1,379,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of GOOGL. Azimuth Capital Investment Management LLC raised its holdings in shares of Alphabet by 14.9% during the third quarter. Azimuth Capital Investment Management LLC now owns 263,715 shares of the information services provider’s stock valued at $34,510,000 after purchasing an additional 34,260 shares during the period. Regal Investment Advisors LLC raised its holdings in shares of Alphabet by 1.7% during the third quarter. Regal Investment Advisors LLC now owns 44,265 shares of the information services provider’s stock valued at $5,793,000 after purchasing an additional 756 shares during the period. Cardiff Park Advisors LLC raised its holdings in shares of Alphabet by 33.2% during the third quarter. Cardiff Park Advisors LLC now owns 42,481 shares of the information services provider’s stock valued at $5,559,000 after purchasing an additional 10,600 shares during the period. Sycale Advisors NY LLC raised its holdings in shares of Alphabet by 4.4% during the third quarter. Sycale Advisors NY LLC now owns 83,681 shares of the information services provider’s stock valued at $10,950,000 after purchasing an additional 3,500 shares during the period. Finally, LPL Financial LLC raised its holdings in shares of Alphabet by 7.0% during the third quarter. LPL Financial LLC now owns 4,447,424 shares of the information services provider’s stock valued at $581,990,000 after purchasing an additional 292,544 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Stock Performance

Shares of GOOGL stock opened at $183.88 on Thursday. The stock has a market capitalization of $2.27 trillion, a P/E ratio of 28.20, a PEG ratio of 1.38 and a beta of 1.01. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. The firm’s 50 day moving average is $171.13 and its 200 day moving average is $153.36. Alphabet Inc. has a 12 month low of $115.35 and a 12 month high of $184.51.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.40. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The business had revenue of $80.54 billion for the quarter, compared to analysts’ expectations of $66.04 billion. During the same period in the prior year, the company posted $1.17 EPS. On average, sell-side analysts anticipate that Alphabet Inc. will post 7.6 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.44%. The ex-dividend date was Monday, June 10th. Alphabet’s dividend payout ratio is presently 12.27%.

Analyst Ratings Changes

Several brokerages have recently weighed in on GOOGL. Canaccord Genuity Group upped their price objective on shares of Alphabet from $190.00 to $210.00 and gave the company a “buy” rating in a report on Friday, April 26th. Rosenblatt Securities upped their target price on shares of Alphabet from $172.00 to $182.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Oppenheimer upped their target price on shares of Alphabet from $185.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Loop Capital upped their target price on shares of Alphabet from $155.00 to $170.00 and gave the stock a “hold” rating in a report on Wednesday, May 1st. Finally, Wedbush upped their target price on shares of Alphabet from $175.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Five investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $193.69.

Insiders Place Their Bets

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $177.40, for a total value of $3,991,500.00. Following the sale, the chief executive officer now directly owns 2,213,011 shares in the company, valued at approximately $392,588,151.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $177.40, for a total value of $3,991,500.00. Following the sale, the chief executive officer now directly owns 2,213,011 shares in the company, valued at approximately $392,588,151.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Prabhakar Raghavan sold 3,258 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $155.97, for a total transaction of $508,150.26. Following the sale, the senior vice president now owns 144,685 shares in the company, valued at approximately $22,566,519.45. The disclosure for this sale can be found here. Insiders have sold 146,284 shares of company stock worth $24,534,393 in the last three months. 11.55% of the stock is currently owned by corporate insiders.

Alphabet 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.