1,620 Shares in Alphabet Inc. (NASDAQ:GOOG) Acquired by Darrow Company Inc.

Darrow Company Inc. bought a new position in Alphabet Inc. (NASDAQ:GOOG) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,620 shares of the information services provider’s stock, valued at approximately $247,000.

Several other hedge funds have also modified their holdings of GOOG. Tudor Investment Corp Et Al acquired a new position in Alphabet during the third quarter valued at approximately $4,899,000. Integrated Advisors Network LLC lifted its position in shares of Alphabet by 2.1% during the third quarter. Integrated Advisors Network LLC now owns 27,306 shares of the information services provider’s stock worth $3,600,000 after purchasing an additional 568 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of Alphabet by 1.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,972,270 shares of the information services provider’s stock worth $260,044,000 after purchasing an additional 23,362 shares in the last quarter. Spartan Planning & Wealth Management acquired a new position in shares of Alphabet during the third quarter worth $598,000. Finally, Diversified Trust Co lifted its position in shares of Alphabet by 4.5% during the third quarter. Diversified Trust Co now owns 102,850 shares of the information services provider’s stock worth $13,561,000 after purchasing an additional 4,474 shares in the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $157.41, for a total value of $3,541,725.00. Following the completion of the sale, the chief executive officer now owns 2,303,011 shares of the company’s stock, valued at $362,516,961.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $157.41, for a total value of $3,541,725.00. Following the completion of the sale, the chief executive officer now owns 2,303,011 shares of the company’s stock, valued at $362,516,961.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $166.67, for a total transaction of $113,668.94. Following the completion of the sale, the chief accounting officer now directly 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 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 2.4 %

Alphabet stock opened at $191.96 on Monday. The company has a 50-day simple moving average of $176.95 and a 200-day simple moving average of $157.64. The firm has a market capitalization of $2.37 trillion, a P/E ratio of 29.44, a P/E/G ratio of 1.44 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15. Alphabet Inc. has a one year low of $115.83 and a one year high of $192.26.

Alphabet (NASDAQ:GOOG) last released its quarterly 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. The business had revenue of $80.54 billion during the quarter, compared to analyst estimates of $78.75 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The company’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.17 earnings per share. As a group, equities analysts expect that Alphabet Inc. will post 7.6 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently disclosed 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 payout ratio is currently 12.27%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Stifel Nicolaus boosted their target price on shares of Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Morgan Stanley restated an “overweight” rating and issued a $165.00 price target on shares of Alphabet in a research note on Thursday, April 11th. Rosenblatt Securities lowered shares of Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price target for the company. in a research note on Friday, June 28th. Finally, Oppenheimer lifted their price target on shares of Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $167.86.

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.