Monument Capital Management Has $535,000 Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Monument Capital Management raised its position in Alphabet Inc. (NASDAQ:GOOG) by 5.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,517 shares of the information services provider’s stock after buying an additional 188 shares during the quarter. Monument Capital Management’s holdings in Alphabet were worth $535,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GOOG. Azzad Asset Management Inc. ADV bought a new stake in shares of Alphabet during the 1st quarter valued at $248,000. Plimoth Trust Co. LLC lifted its position in shares of 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 during the period. MBM Wealth Consultants LLC lifted 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 valued at $1,395,000 after acquiring an additional 218 shares during the period. Oxinas Partners Wealth Management LLC lifted its position in shares of 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 acquiring an additional 969 shares during the period. Finally, West Oak Capital LLC lifted its position in shares of Alphabet by 2.8% during the 1st quarter. West Oak Capital LLC now owns 24,585 shares of the information services provider’s stock valued at $3,743,000 after acquiring an additional 675 shares during the period. 27.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Alphabet

In other news, CEO Sundar Pichai sold 22,500 shares of the 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 completion of the sale, the chief executive officer now owns 2,227,385 shares of the company’s stock, valued at $415,941,874.90. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director John L. Hennessy sold 800 shares of the stock in a transaction dated 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $186.74, for a total value of $4,201,650.00. Following the completion of the sale, the chief executive officer now directly owns 2,227,385 shares of the company’s stock, valued at approximately $415,941,874.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 146,288 shares of company stock worth $25,345,053. 12.99% of the stock is currently owned by insiders.

Analyst Ratings Changes

GOOG has been the subject of a number of recent analyst reports. Rosenblatt Securities downgraded Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 target price for the company. in a research report on Friday, June 28th. Stifel Nicolaus upped their target price on Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Morgan Stanley restated an “overweight” rating and set a $165.00 price objective on shares of Alphabet in a research report on Thursday, April 11th. Finally, Oppenheimer upped 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. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus price target of $167.86.

Alphabet Price Performance

Shares of GOOG stock opened at $187.39 on Thursday. 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 company has a market cap 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. Alphabet Inc. has a twelve month low of $115.83 and a twelve month high of $187.62. The business has a fifty day simple moving average of $175.47 and a 200 day simple moving average of $156.57.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.51 by $0.38. The firm had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $78.75 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The business’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period last year, the company earned $1.17 earnings per share. On average, sell-side analysts forecast that Alphabet Inc. will post 7.6 EPS for the current fiscal 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 given a $0.20 dividend. The ex-dividend date was Monday, June 10th. Alphabet’s dividend payout ratio is presently 12.27%.

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.