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

Kwmg LLC decreased its holdings in Alphabet Inc. (NASDAQ:GOOG) by 4.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,608 shares of the information services provider’s stock after selling 73 shares during the quarter. Kwmg LLC’s holdings in Alphabet were worth $245,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Sarasin & Partners LLP increased its holdings in Alphabet by 5.7% in the first quarter. Sarasin & Partners LLP now owns 126,713 shares of the information services provider’s stock valued at $19,293,000 after buying an additional 6,784 shares during the last quarter. DLK Investment Management LLC grew its holdings in shares of Alphabet by 1.3% during the first quarter. DLK Investment Management LLC now owns 66,616 shares of the information services provider’s stock valued at $10,143,000 after purchasing an additional 859 shares during the last quarter. Priebe Wealth Holdings LLC grew its holdings in shares of Alphabet by 1.7% during the first quarter. Priebe Wealth Holdings LLC now owns 4,603 shares of the information services provider’s stock valued at $701,000 after purchasing an additional 75 shares during the last quarter. Von Berge Wealth Management Group LLC bought a new position in shares of Alphabet during the first quarter valued at approximately $206,000. Finally, Community Bank of Raymore grew its holdings in shares of Alphabet by 6.2% during the first quarter. Community Bank of Raymore now owns 13,770 shares of the information services provider’s stock valued at $2,097,000 after purchasing an additional 805 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Stock Down 0.0 %

Alphabet stock traded down $0.07 during mid-day trading on Wednesday, hitting $185.51. 8,491,241 shares of the company’s stock were exchanged, compared to its average volume of 21,327,391. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. The stock has a market cap of $2.29 trillion, a P/E ratio of 28.41, a P/E/G ratio of 1.39 and a beta of 1.01. Alphabet Inc. has a 1-year low of $115.83 and a 1-year high of $185.93. The stock has a 50 day moving average of $172.69 and a two-hundred day moving average of $154.76.

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

Alphabet Announces Dividend

The company also recently disclosed a — dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 10th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 10th. Alphabet’s payout ratio is 12.27%.

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $155.67, for a total value of $3,502,575.00. Following the completion of the sale, the chief executive officer now owns 2,325,513 shares of the company’s stock, valued at $362,012,608.71. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $154.79, for a total value of $105,566.78. Following the sale, the chief accounting officer now directly owns 29,284 shares of the company’s stock, valued at approximately $4,532,870.36. 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 business’s stock in a transaction 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 directly owns 2,325,513 shares in the company, valued at $362,012,608.71. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 146,374 shares of company stock valued at $24,548,073. Corporate insiders own 12.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Stifel Nicolaus increased their price objective on Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Morgan Stanley reissued an “overweight” rating and issued a $165.00 price objective on shares of Alphabet in a report on Thursday, April 11th. Finally, Oppenheimer increased their price objective on Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $165.67.

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.