Colorado Capital Management Inc. Sells 111 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Colorado Capital Management Inc. trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,207 shares of the information services provider’s stock after selling 111 shares during the period. Colorado Capital Management Inc.’s holdings in Alphabet were worth $484,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Procyon Advisors LLC increased its holdings in shares of Alphabet by 5.0% in the first quarter. Procyon Advisors LLC now owns 120,165 shares of the information services provider’s stock valued at $18,136,000 after purchasing an additional 5,748 shares in the last quarter. First National Bank Sioux Falls lifted its position in Alphabet by 2.5% during the 1st quarter. First National Bank Sioux Falls now owns 10,218 shares of the information services provider’s stock valued at $1,542,000 after purchasing an additional 251 shares during the period. Cardinal Capital Management boosted its stake in shares of Alphabet by 3.5% in the 1st quarter. Cardinal Capital Management now owns 66,641 shares of the information services provider’s stock valued at $10,058,000 after purchasing an additional 2,236 shares during the last quarter. ERn Financial LLC boosted its stake in shares of Alphabet by 3.5% in the 1st quarter. ERn Financial LLC now owns 16,595 shares of the information services provider’s stock valued at $2,505,000 after purchasing an additional 554 shares during the last quarter. Finally, PFS Partners LLC grew its position in shares of Alphabet by 37.8% during the 1st quarter. PFS Partners LLC now owns 1,386 shares of the information services provider’s stock worth $209,000 after buying an additional 380 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Activity

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction 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 of the company’s stock, valued at $362,012,608.71. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $155.67, for a total transaction of $3,502,575.00. Following the completion of the sale, the chief executive officer now owns 2,325,513 shares in the company, valued at $362,012,608.71. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Prabhakar Raghavan sold 3,258 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $155.97, for a total value of $508,150.26. Following the transaction, 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 sold a total of 146,284 shares of company stock valued at $24,534,393 over the last three months. Insiders own 11.55% of the company’s stock.

Alphabet Price Performance

NASDAQ:GOOGL opened at $182.15 on Friday. 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 has a fifty day simple moving average of $172.85 and a 200 day simple moving average of $154.29. Alphabet Inc. has a 1-year low of $115.35 and a 1-year high of $186.05. The stock has a market capitalization of $2.25 trillion, a PE ratio of 27.94, a P/E/G ratio of 1.39 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The company had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $66.04 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. During the same quarter last year, the firm posted $1.17 EPS. On average, research analysts expect that Alphabet Inc. will post 7.6 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on GOOGL shares. Oppenheimer raised their price objective on shares of Alphabet from $185.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Morgan Stanley reaffirmed an “overweight” rating and set a $195.00 price objective on shares of Alphabet in a research note on Wednesday, May 15th. TD Cowen upped their price objective on Alphabet from $170.00 to $200.00 and gave the company a “buy” rating in a report on Friday, April 26th. Piper Sandler restated an “overweight” rating and set a $200.00 target price (up from $160.00) on shares of Alphabet in a research report on Friday, April 26th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $200.00 price target on shares of Alphabet in a research note on Wednesday, May 15th. Six investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and an average target price of $193.66.

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.