Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Marest Capital LLC

Marest Capital LLC lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 32.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,749 shares of the information services provider’s stock after selling 6,490 shares during the period. Alphabet comprises 1.9% of Marest Capital LLC’s investment portfolio, making the stock its 5th largest holding. Marest Capital LLC’s holdings in Alphabet were worth $2,093,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Valeo Financial Advisors LLC boosted its position in shares of Alphabet by 2.1% in the first quarter. Valeo Financial Advisors LLC now owns 172,364 shares of the information services provider’s stock worth $26,244,000 after buying an additional 3,508 shares during the period. Iyo Bank Ltd. lifted its stake in Alphabet by 19.7% in the 1st quarter. Iyo Bank Ltd. now owns 87,390 shares of the information services provider’s stock worth $13,306,000 after acquiring an additional 14,370 shares in the last quarter. Tradewinds Capital Management LLC boosted its position in Alphabet by 11.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 4,395 shares of the information services provider’s stock worth $669,000 after acquiring an additional 464 shares during the period. Sivia Capital Partners LLC grew its stake in Alphabet by 12.1% during the 1st quarter. Sivia Capital Partners LLC now owns 20,700 shares of the information services provider’s stock valued at $3,152,000 after acquiring an additional 2,231 shares in the last quarter. Finally, Monument Capital Management increased its holdings in shares of Alphabet by 5.6% in the 1st quarter. Monument Capital Management now owns 3,517 shares of the information services provider’s stock valued at $535,000 after purchasing an additional 188 shares during the period. 27.26% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director John L. Hennessy sold 800 shares of Alphabet stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $159.56, for a total value of $127,648.00. Following the transaction, the director now owns 7,991 shares of the company’s stock, valued at $1,275,043.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $186.74, for a total transaction of $4,201,650.00. Following the completion of the transaction, the chief executive officer now owns 2,227,385 shares of the company’s stock, valued at approximately $415,941,874.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 value of $127,648.00. Following the completion of the sale, the director now directly owns 7,991 shares in the company, valued at approximately $1,275,043.96. The disclosure for this sale can be found here. Insiders sold 146,288 shares of company stock valued at $25,345,053 over the last 90 days. 12.99% of the stock is currently owned by company insiders.

Alphabet Stock Up 0.4 %

GOOG stock opened at $187.39 on Thursday. The firm has a market cap of $2.32 trillion, a PE ratio of 28.74, a PEG ratio of 1.40 and a beta of 1.05. Alphabet Inc. has a 1 year low of $115.83 and a 1 year high of $187.62. The company has a fifty day simple moving average of $175.47 and a 200 day simple moving average of $156.57. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOG) last posted 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. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The company had revenue of $80.54 billion for the quarter, compared to analyst estimates of $78.75 billion. During the same period last year, the company earned $1.17 earnings per share. The business’s revenue was up 15.4% compared to the same quarter last year. Sell-side analysts anticipate that Alphabet Inc. will post 7.6 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on GOOG shares. 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. Morgan Stanley restated an “overweight” rating and set a $165.00 price target on shares of Alphabet in a report on Thursday, April 11th. Rosenblatt Securities lowered Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price objective for the company. in a report on Friday, June 28th. Finally, Stifel Nicolaus lifted their price objective on Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and an average price target of $167.86.

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.