Criterion Capital Advisors LLC Has $3.13 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Criterion Capital Advisors LLC lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 3.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,535 shares of the information services provider’s stock after selling 799 shares during the quarter. Alphabet accounts for 2.1% of Criterion Capital Advisors LLC’s investment portfolio, making the stock its 10th biggest position. Criterion Capital Advisors LLC’s holdings in Alphabet were worth $3,127,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Bruce G. Allen Investments LLC purchased a new stake in shares of Alphabet in the 4th quarter valued at $26,000. Partnership Wealth Management LLC purchased a new stake in Alphabet during the fourth quarter valued at about $26,000. Equitec Proprietary Markets LLC bought a new position in shares of Alphabet during the fourth quarter valued at about $28,000. DiNuzzo Private Wealth Inc. purchased a new position in shares of Alphabet in the fourth quarter worth about $32,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new stake in shares of Alphabet in the 4th quarter valued at about $34,000. 27.26% of the stock is owned by institutional investors.

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $154.79, for a total transaction of $105,566.78. Following the sale, the chief accounting officer now directly owns 29,284 shares in the company, valued at $4,532,870.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $154.79, for a total transaction of $105,566.78. Following the sale, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at $4,532,870.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John L. Hennessy sold 800 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $159.56, for a total transaction of $127,648.00. Following the transaction, the director now directly owns 7,991 shares of the company’s stock, valued at approximately $1,275,043.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 146,284 shares of company stock valued at $24,534,393. Corporate insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

Shares of GOOG stock opened at $183.42 on Friday. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05. The stock has a fifty day moving average of $174.40 and a 200 day moving average of $155.68. The firm has a market capitalization of $2.27 trillion, a price-to-earnings ratio of 28.13, a PEG ratio of 1.38 and a beta of 1.01. Alphabet Inc. has a 52 week low of $115.83 and a 52 week high of $187.50.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.51 by $0.38. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The firm had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $78.75 billion. During the same period last year, the company posted $1.17 EPS. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. As a group, research analysts expect that Alphabet Inc. will post 7.6 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently announced a — dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 10th. Alphabet’s dividend payout ratio (DPR) is 12.27%.

Analyst Upgrades and Downgrades

GOOG has been the topic of a number of analyst reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $165.00 price target on shares of Alphabet in a research note on Thursday, April 11th. Stifel Nicolaus lifted their target price on shares of Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Rosenblatt Securities cut shares of Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price target for the company. in a research report on Friday. Finally, Oppenheimer boosted their price objective on shares of Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $167.86.

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.