Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Sloy Dahl & Holst LLC

Sloy Dahl & Holst LLC lowered its position in Alphabet Inc. (NASDAQ:GOOG) by 1.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,143 shares of the information services provider’s stock after selling 95 shares during the period. Alphabet makes up about 0.3% of Sloy Dahl & Holst LLC’s investment portfolio, making the stock its 24th biggest position. Sloy Dahl & Holst LLC’s holdings in Alphabet were worth $1,240,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Plimoth Trust Co. LLC increased its holdings in Alphabet by 1.0% during the 1st quarter. Plimoth Trust Co. LLC now owns 14,170 shares of the information services provider’s stock valued at $2,158,000 after acquiring an additional 135 shares in the last quarter. MBM Wealth Consultants LLC raised its position in shares of Alphabet by 2.4% during 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 during the last quarter. Oxinas Partners Wealth Management LLC grew its holdings in Alphabet by 5.2% during the 1st quarter. Oxinas Partners Wealth Management LLC now owns 19,704 shares of the information services provider’s stock valued at $3,000,000 after buying an additional 969 shares during the last quarter. West Oak Capital LLC increased its position in Alphabet by 2.8% during the first quarter. West Oak Capital LLC now owns 24,585 shares of the information services provider’s stock worth $3,743,000 after buying an additional 675 shares in the last quarter. Finally, Verum Partners LLC raised its holdings in shares of Alphabet by 4.4% in the first quarter. Verum Partners LLC now owns 5,819 shares of the information services provider’s stock worth $886,000 after acquiring an additional 245 shares during the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on GOOG shares. Oppenheimer lifted their price objective on Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Rosenblatt Securities lowered shares of Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 target price on the stock. in a research report on Friday, June 28th. Morgan Stanley reiterated an “overweight” rating and issued a $165.00 price target on shares of Alphabet in a report on Thursday, April 11th. 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 analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.86.

Alphabet Stock Performance

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 1-year low of $115.83 and a 1-year high of $187.62. The firm has a market capitalization of $2.32 trillion, a P/E ratio of 28.74, a P/E/G ratio of 1.40 and a beta of 1.05. The business’s 50-day simple moving average is $175.47 and its 200-day simple moving average is $156.57.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share (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 company had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $78.75 billion. During the same period in the previous year, the firm earned $1.17 earnings per share. Alphabet’s revenue for the quarter was up 15.4% on a year-over-year basis. Equities analysts predict that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Dividend Announcement

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

Insiders Place Their Bets

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 transaction of $113,668.94. Following the transaction, the chief accounting officer now directly owns 29,284 shares of the company’s stock, valued at approximately $4,880,764.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value of $4,201,650.00. Following the transaction, the chief executive officer now owns 2,227,385 shares in the company, valued at $415,941,874.90. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $166.67, for a total value of $113,668.94. Following the sale, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at approximately $4,880,764.28. The disclosure for this sale can be found here. Insiders have sold a total of 146,288 shares of company stock worth $25,345,053 over the last quarter. 12.99% of the stock is owned by corporate insiders.

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.