Capital Market Strategies LLC Has $1.11 Million Position in Alphabet Inc. (NASDAQ:GOOG)

Capital Market Strategies LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 4.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,275 shares of the information services provider’s stock after purchasing an additional 320 shares during the quarter. Alphabet accounts for about 0.8% of Capital Market Strategies LLC’s portfolio, making the stock its 27th biggest position. Capital Market Strategies LLC’s holdings in Alphabet were worth $1,108,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Bruce G. Allen Investments LLC acquired a new stake in Alphabet in the 4th quarter valued at approximately $26,000. Partnership Wealth Management LLC acquired a new stake in Alphabet in the 4th quarter valued at approximately $26,000. Equitec Proprietary Markets LLC acquired a new stake in Alphabet in the 4th quarter valued at approximately $28,000. DiNuzzo Private Wealth Inc. acquired a new stake in Alphabet in the 4th quarter valued at approximately $32,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new stake in Alphabet in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Analysts Set New Price Targets

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

Alphabet Stock Down 1.3 %

GOOG stock opened at $176.45 on Thursday. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a twelve month low of $115.83 and a twelve month high of $182.08. The business has a 50 day moving average price of $170.85 and a two-hundred day moving average price of $153.29. The company has a market cap of $2.18 trillion, a price-to-earnings ratio of 27.06, a P/E/G ratio of 1.31 and a beta of 1.01.

Alphabet (NASDAQ:GOOG) last issued 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 return on equity of 29.52% and a net margin of 25.90%. The company had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $78.75 billion. During the same period in the previous year, the company posted $1.17 EPS. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. Analysts anticipate that Alphabet Inc. will post 7.69 EPS for the current fiscal year.

Alphabet Announces Dividend

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

Insider Transactions at Alphabet

In other news, insider John Kent Walker sold 12,084 shares of Alphabet stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $151.19, for a total transaction of $1,826,979.96. Following the completion of the transaction, the insider now directly owns 48,717 shares in the company, valued at approximately $7,365,523.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider John Kent Walker sold 12,084 shares of Alphabet stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $151.19, for a total transaction of $1,826,979.96. Following the completion of the sale, the insider now directly owns 48,717 shares of the company’s stock, valued at approximately $7,365,523.23. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Prabhakar Raghavan sold 3,258 shares of Alphabet stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $155.97, for a total value of $508,150.26. Following the sale, the senior vice president now directly owns 144,685 shares of the company’s stock, valued at $22,566,519.45. The disclosure for this sale can be found here. In the last three months, insiders sold 135,958 shares of company stock worth $22,383,553. 12.99% of the stock is owned by company insiders.

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.