Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Sage Capital Advisors llc

Sage Capital Advisors llc increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,761 shares of the information services provider’s stock after purchasing an additional 197 shares during the quarter. Alphabet accounts for 2.6% of Sage Capital Advisors llc’s holdings, making the stock its 5th largest holding. Sage Capital Advisors llc’s holdings in Alphabet were worth $10,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rockbridge Capital Management LLC purchased a new stake in Alphabet during the 4th quarter worth about $3,119,000. Optivise Advisory Services LLC lifted its holdings in Alphabet by 8.0% during the 4th quarter. Optivise Advisory Services LLC now owns 5,464 shares of the information services provider’s stock worth $1,035,000 after buying an additional 403 shares during the last quarter. Community Bank N.A. lifted its holdings in Alphabet by 6.4% during the 4th quarter. Community Bank N.A. now owns 46,173 shares of the information services provider’s stock worth $8,741,000 after buying an additional 2,790 shares during the last quarter. Premier Fund Managers Ltd lifted its holdings in Alphabet by 30.0% during the 4th quarter. Premier Fund Managers Ltd now owns 61,792 shares of the information services provider’s stock worth $11,816,000 after buying an additional 14,262 shares during the last quarter. Finally, Absolute Capital Management LLC lifted its holdings in Alphabet by 14.0% during the 4th quarter. Absolute Capital Management LLC now owns 2,096 shares of the information services provider’s stock worth $401,000 after buying an additional 258 shares during the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Down 0.3%

GOOGL opened at $171.86 on Friday. The business has a 50 day moving average price of $159.12 and a two-hundred day moving average price of $174.68. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The company has a market cap of $2.09 trillion, a PE ratio of 21.35, a P/E/G ratio of 1.34 and a beta of 1.01. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $207.05.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating the consensus estimate of $2.02 by $0.79. The firm had revenue of $76.49 billion during the quarter, compared to the consensus estimate of $89.30 billion. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. During the same period in the prior year, the business earned $1.89 EPS. As a group, research analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, June 9th. This is an increase from Alphabet’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 0.49%. Alphabet’s dividend payout ratio is currently 9.36%.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 1,374 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $173.47, for a total transaction of $238,347.78. Following the transaction, the chief accounting officer now owns 15,024 shares in the company, valued at approximately $2,606,213.28. The trade was a 8.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kavitark Ram Shriram sold 10,500 shares of the business’s stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total value of $1,837,500.00. Following the transaction, the director now owns 261,966 shares in the company, valued at $45,844,050. The trade was a 3.85% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 164,533 shares of company stock worth $26,772,774. Company insiders own 11.55% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on GOOGL shares. Stifel Nicolaus decreased their price target on Alphabet from $225.00 to $192.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. Oppenheimer lifted their price target on Alphabet from $185.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, April 25th. Sanford C. Bernstein lifted their price target on Alphabet from $165.00 to $185.00 and gave the stock a “market perform” rating in a report on Friday, April 25th. DA Davidson decreased their price target on Alphabet from $200.00 to $160.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Finally, Morgan Stanley decreased their price target on Alphabet from $210.00 to $185.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and an average price target of $199.75.

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.