Criterion Capital Advisors LLC Has $766,000 Position in Alphabet Inc. (NASDAQ:GOOGL)

Criterion Capital Advisors LLC reduced its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 1.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,075 shares of the information services provider’s stock after selling 92 shares during the quarter. Criterion Capital Advisors LLC’s holdings in Alphabet were worth $766,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in GOOGL. PointState Capital LP bought a new stake in Alphabet during the third quarter worth $28,651,000. 3G Capital Partners LP boosted its holdings in Alphabet by 141.7% during the third quarter. 3G Capital Partners LP now owns 72,500 shares of the information services provider’s stock worth $9,487,000 after purchasing an additional 42,500 shares during the last quarter. Karani Asset Management LLC increased its stake in Alphabet by 97.4% in the 3rd quarter. Karani Asset Management LLC now owns 13,621 shares of the information services provider’s stock valued at $1,782,000 after buying an additional 6,720 shares during the last quarter. Dempze Nancy E boosted its stake in shares of Alphabet by 0.5% in the 3rd quarter. Dempze Nancy E now owns 33,595 shares of the information services provider’s stock worth $4,396,000 after buying an additional 165 shares during the last quarter. Finally, Northeast Financial Consultants Inc grew its holdings in shares of Alphabet by 1.9% in the third quarter. Northeast Financial Consultants Inc now owns 183,695 shares of the information services provider’s stock valued at $24,038,000 after acquiring an additional 3,456 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on GOOGL shares. JPMorgan Chase & Co. upped their price objective on Alphabet from $165.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Argus lifted their price objective on shares of Alphabet from $170.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Sanford C. Bernstein boosted their target price on shares of Alphabet from $165.00 to $180.00 and gave the company a “market perform” rating in a research note on Friday, April 26th. Bank of America reaffirmed a “buy” rating and issued a $200.00 price target on shares of Alphabet in a report on Tuesday, June 11th. Finally, TD Cowen raised their target price on Alphabet from $170.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Six equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $193.66.

Alphabet Trading Up 1.2 %

NASDAQ GOOGL opened at $185.24 on Wednesday. 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 28.42, a P/E/G ratio of 1.37 and a beta of 1.05. The stock’s fifty day moving average price is $173.38 and its 200-day moving average price is $154.80. Alphabet Inc. has a 12 month low of $115.35 and a 12 month high of $186.05.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.40. The business had revenue of $80.54 billion during the quarter, compared to analyst estimates of $66.04 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. During the same period last year, the company earned $1.17 EPS. As a group, equities analysts forecast that Alphabet Inc. will post 7.6 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders 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. This represents a $0.80 dividend on an annualized basis and a yield of 0.43%. Alphabet’s payout ratio is 12.27%.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $183.47, for a total transaction of $125,126.54. Following the transaction, the chief accounting officer now directly owns 30,650 shares of the company’s stock, valued at $5,623,355.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $157.41, for a total value of $3,541,725.00. Following the transaction, the chief executive officer now owns 2,303,011 shares of the company’s stock, valued at $362,516,961.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $183.47, for a total value of $125,126.54. Following the sale, the chief accounting officer now directly owns 30,650 shares in the company, valued at approximately $5,623,355.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 123,788 shares of company stock valued at $21,143,403. Insiders own 11.55% of the company’s stock.

About Alphabet

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.