Alphabet Inc. (NASDAQ:GOOG) is Yousif Capital Management LLC’s 10th Largest Position

Yousif Capital Management LLC trimmed its stake in Alphabet Inc. (NASDAQ:GOOG) by 1.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 587,288 shares of the information services provider’s stock after selling 9,343 shares during the quarter. Alphabet accounts for 1.1% of Yousif Capital Management LLC’s portfolio, making the stock its 10th largest position. Yousif Capital Management LLC’s holdings in Alphabet were worth $91,752,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in GOOG. Principia Wealth Advisory LLC lifted its position in shares of Alphabet by 111.8% in the first quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider’s stock worth $26,000 after purchasing an additional 85 shares in the last quarter. LSV Asset Management purchased a new stake in shares of Alphabet in the fourth quarter worth approximately $27,000. WealthTrak Capital Management LLC acquired a new position in Alphabet in the fourth quarter worth approximately $38,000. Mountain Hill Investment Partners Corp. bought a new position in Alphabet during the fourth quarter valued at approximately $39,000. Finally, Noble Wealth Management PBC bought a new position in Alphabet during the fourth quarter valued at approximately $43,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 673 shares of Alphabet stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total transaction of $104,537.09. Following the sale, the chief accounting officer now owns 15,303 shares in the company, valued at $2,377,014.99. The trade was a 4.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the sale, the director now owns 7,813 shares in the company, valued at $1,293,285.89. This represents a 2.50% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 195,770 shares of company stock worth $32,036,638. Insiders own 12.99% of the company’s stock.

Alphabet Trading Up 1.5%

Shares of Alphabet stock opened at $177.63 on Tuesday. The company’s fifty day simple moving average is $162.26 and its 200-day simple moving average is $176.17. The company has a market cap of $2.16 trillion, a price-to-earnings ratio of 22.07, a PEG ratio of 1.34 and a beta of 1.01. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $208.70.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.79. The business had revenue of $90.23 billion for the quarter, compared to the consensus estimate of $89.30 billion. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. Alphabet’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the company posted $1.89 earnings per share. As a group, sell-side analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be paid a $0.21 dividend. This is an increase from Alphabet’s previous quarterly dividend of $0.20. The ex-dividend date is Monday, June 9th. This represents a $0.84 annualized dividend and a dividend yield of 0.47%. Alphabet’s dividend payout ratio (DPR) is presently 9.36%.

Analyst Ratings Changes

Several brokerages recently weighed in on GOOG. Tigress Financial reaffirmed a “strong-buy” rating on shares of Alphabet in a research report on Friday, May 2nd. JPMorgan Chase & Co. raised their price objective on shares of Alphabet from $180.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, April 25th. Susquehanna reaffirmed a “positive” rating on shares of Alphabet in a research report on Friday, May 2nd. Oppenheimer raised their price objective on shares of Alphabet from $185.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, April 25th. Finally, Westpark Capital reaffirmed a “buy” rating and set a $210.00 price objective on shares of Alphabet in a research report on Friday, April 25th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and five have assigned a strong buy rating to the stock. Based on data from MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and an average target price of $204.88.

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.