Alphabet Inc. (NASDAQ:GOOG) Holdings Raised by Tradewinds Capital Management LLC

Tradewinds Capital Management LLC lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 11.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,395 shares of the information services provider’s stock after purchasing an additional 464 shares during the quarter. Tradewinds Capital Management LLC’s holdings in Alphabet were worth $669,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Sivia Capital Partners LLC raised its position in Alphabet by 12.1% in the first quarter. Sivia Capital Partners LLC now owns 20,700 shares of the information services provider’s stock worth $3,152,000 after acquiring an additional 2,231 shares in the last quarter. Monument Capital Management raised its position in Alphabet by 5.6% in the first quarter. Monument Capital Management now owns 3,517 shares of the information services provider’s stock worth $535,000 after acquiring an additional 188 shares in the last quarter. Azzad Asset Management Inc. ADV purchased a new position in Alphabet in the 1st quarter worth about $248,000. Plimoth Trust Co. LLC increased its stake in Alphabet by 1.0% in the 1st quarter. Plimoth Trust Co. LLC now owns 14,170 shares of the information services provider’s stock worth $2,158,000 after purchasing an additional 135 shares in the last quarter. Finally, MBM Wealth Consultants LLC increased its stake in Alphabet by 2.4% in the 1st quarter. MBM Wealth Consultants LLC now owns 9,163 shares of the information services provider’s stock worth $1,395,000 after purchasing an additional 218 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $166.67, for a total value of $113,668.94. Following the completion of the sale, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at approximately $4,880,764.28. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $166.67, for a total value of $113,668.94. Following the completion of the sale, the chief accounting officer now directly owns 29,284 shares in the company, valued at approximately $4,880,764.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 800 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $159.56, for a total value of $127,648.00. Following the completion of the sale, the director now owns 7,991 shares of the company’s stock, valued at $1,275,043.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 146,288 shares of company stock valued at $25,345,053. 12.99% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on GOOG. Oppenheimer lifted their price target on Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Stifel Nicolaus lifted their price target on Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Morgan Stanley reissued an “overweight” rating and issued a $165.00 price target on shares of Alphabet in a research note on Thursday, April 11th. Finally, Rosenblatt Securities cut Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price target on the stock. in a research note on Friday, June 28th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $167.86.

Alphabet Trading Up 0.4 %

NASDAQ:GOOG opened at $187.39 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.15. Alphabet Inc. has a fifty-two week low of $115.83 and a fifty-two week high of $187.62. The stock’s 50-day moving average is $175.47 and its two-hundred day moving average is $156.57. The stock has a market cap of $2.32 trillion, a PE ratio of 28.74, a price-to-earnings-growth ratio of 1.40 and a beta of 1.05.

Alphabet (NASDAQ:GOOG) last released its earnings results 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 company had revenue of $80.54 billion for the quarter, compared to analysts’ expectations of $78.75 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The business’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.17 EPS. As a group, equities research analysts forecast that Alphabet Inc. will post 7.6 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a — dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 10th were paid a $0.20 dividend. The ex-dividend date was Monday, June 10th. Alphabet’s payout ratio is 12.27%.

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.