OneAscent Financial Services LLC cut its position in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 1.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,546 shares of the information services provider’s stock after selling 293 shares during the quarter. OneAscent Financial Services LLC’s holdings in Alphabet were worth $2,497,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in the company. M. Kraus & Co boosted its holdings in Alphabet by 1.1% in the first quarter. M. Kraus & Co now owns 6,267 shares of the information services provider’s stock worth $946,000 after purchasing an additional 66 shares in the last quarter. Wynn Capital LLC increased its holdings in shares of Alphabet by 3.9% during the 1st quarter. Wynn Capital LLC now owns 1,767 shares of the information services provider’s stock valued at $267,000 after acquiring an additional 67 shares during the last quarter. Aire Advisors LLC raised its stake in shares of Alphabet by 0.6% in the 4th quarter. Aire Advisors LLC now owns 11,772 shares of the information services provider’s stock valued at $1,645,000 after acquiring an additional 68 shares in the last quarter. Henrickson Nauta Wealth Advisors Inc. lifted its holdings in Alphabet by 2.1% in the 1st quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,274 shares of the information services provider’s stock worth $511,000 after purchasing an additional 68 shares during the last quarter. Finally, Defined Wealth Management LLC boosted its position in Alphabet by 2.9% during the fourth quarter. Defined Wealth Management LLC now owns 2,531 shares of the information services provider’s stock worth $354,000 after purchasing an additional 71 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.
Alphabet Stock Up 0.5 %
Shares of NASDAQ GOOGL opened at $182.99 on Tuesday. Alphabet Inc. has a 12-month low of $115.35 and a 12-month high of $186.05. The firm’s 50-day simple moving average is $172.85 and its 200 day simple moving average is $154.44. 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 $2.26 trillion, a price-to-earnings ratio of 28.07, a price-to-earnings-growth ratio of 1.37 and a beta of 1.05.
Alphabet Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 10th were given a dividend of $0.20 per share. The ex-dividend date was Monday, June 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.44%. Alphabet’s payout ratio is currently 12.27%.
Insider Activity
In other news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $155.67, for a total transaction of $3,502,575.00. Following the completion of the sale, the chief executive officer now owns 2,325,513 shares in the company, valued at approximately $362,012,608.71. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction 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 directly owns 29,284 shares of the company’s stock, valued at approximately $4,880,764.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $155.67, for a total value of $3,502,575.00. Following the transaction, the chief executive officer now owns 2,325,513 shares of the company’s stock, valued at approximately $362,012,608.71. The disclosure for this sale can be found here. Insiders have sold 142,344 shares of company stock valued at $23,920,676 over the last 90 days. 11.55% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
GOOGL has been the topic of a number of recent analyst reports. Raymond James lifted their price target on shares of Alphabet from $160.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Needham & Company LLC reissued a “buy” rating and set a $210.00 target price on shares of Alphabet in a research report on Friday. JMP Securities reaffirmed a “market outperform” rating and issued a $200.00 price target on shares of Alphabet in a research report on Wednesday, May 15th. Robert W. Baird boosted their price objective on Alphabet from $160.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Finally, Royal Bank of Canada lifted their price target on Alphabet from $155.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Six equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and an average target price of $193.66.
Get Our Latest Report on Alphabet
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.
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