Sage Investment Advisers LLC Buys 465 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Sage Investment Advisers LLC increased its stake in Alphabet Inc. (NASDAQ:GOOGL) by 9.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,290 shares of the information services provider’s stock after acquiring an additional 465 shares during the quarter. Sage Investment Advisers LLC’s holdings in Alphabet were worth $798,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Epiq Partners LLC increased its stake in Alphabet by 2.1% during the 1st quarter. Epiq Partners LLC now owns 35,515 shares of the information services provider’s stock valued at $5,360,000 after purchasing an additional 720 shares in the last quarter. WealthCare Investment Partners LLC boosted its holdings in Alphabet by 6.8% during the 1st quarter. WealthCare Investment Partners LLC now owns 3,708 shares of the information services provider’s stock worth $560,000 after acquiring an additional 235 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in Alphabet by 39.2% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 52,027 shares of the information services provider’s stock worth $7,852,000 after acquiring an additional 14,651 shares during the last quarter. S.A. Mason LLC boosted its holdings in Alphabet by 1.5% during the 1st quarter. S.A. Mason LLC now owns 10,587 shares of the information services provider’s stock worth $1,598,000 after acquiring an additional 155 shares during the last quarter. Finally, Affiance Financial LLC boosted its holdings in Alphabet by 4.5% during the 1st quarter. Affiance Financial LLC now owns 9,350 shares of the information services provider’s stock worth $1,411,000 after acquiring an additional 400 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $154.79, for a total transaction of $105,566.78. Following the completion of the transaction, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at $4,532,870.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $154.79, for a total value of $105,566.78. Following the completion of the transaction, the chief accounting officer now 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 SEC, which is available through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet 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 completion of the transaction, the chief executive officer now directly 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. Over the last 90 days, insiders sold 146,284 shares of company stock valued at $24,534,393. 11.55% of the stock is currently owned by company insiders.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $182.15 on Friday. The stock has a market cap of $2.25 trillion, a P/E ratio of 27.94, a price-to-earnings-growth ratio of 1.38 and a beta of 1.01. The firm’s fifty day simple moving average is $172.85 and its 200 day simple moving average is $154.14. Alphabet Inc. has a twelve month low of $115.35 and a twelve month high of $186.05. 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 (NASDAQ:GOOGL) last released its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.40. The business had revenue of $80.54 billion for the quarter, compared to analysts’ expectations of $66.04 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. During the same quarter in the previous year, the business posted $1.17 earnings per share. As a group, research analysts predict that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend was Monday, June 10th. Alphabet’s dividend payout ratio is currently 12.27%.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of a number of research analyst reports. Evercore ISI boosted their price target on shares of Alphabet from $220.00 to $225.00 and gave the stock an “outperform” rating in a report on Tuesday, June 11th. Wolfe Research boosted their price target on shares of Alphabet from $180.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. BMO Capital Markets reaffirmed an “outperform” rating and set a $215.00 price objective on shares of Alphabet in a report on Wednesday, May 15th. TD Cowen upped their price objective on shares of Alphabet from $170.00 to $200.00 and gave the company a “buy” rating in a report on Friday, April 26th. Finally, Raymond James upped their price objective on shares of Alphabet from $160.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Six investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $193.66.

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.