Alphabet Inc. (NASDAQ:GOOGL) Stock Holdings Lowered by Compass Ion Advisors LLC

Compass Ion Advisors LLC trimmed its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 2.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 12,614 shares of the information services provider’s stock after selling 362 shares during the quarter. Compass Ion Advisors LLC’s holdings in Alphabet were worth $1,904,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Alphabet by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 493,810,251 shares of the information services provider’s stock worth $68,980,354,000 after acquiring an additional 6,374,756 shares during the last quarter. Norges Bank purchased a new position in Alphabet in the 4th quarter worth about $15,441,917,000. Fisher Asset Management LLC raised its holdings in Alphabet by 3.4% during the 4th quarter. Fisher Asset Management LLC now owns 45,220,857 shares of the information services provider’s stock worth $6,316,902,000 after buying an additional 1,472,043 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Alphabet by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 34,910,194 shares of the information services provider’s stock valued at $4,876,605,000 after buying an additional 874,919 shares in the last quarter. Finally, Capital International Investors boosted its holdings in shares of Alphabet by 2.3% in the fourth quarter. Capital International Investors now owns 30,408,933 shares of the information services provider’s stock worth $4,247,868,000 after buying an additional 686,514 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Price Performance

Shares of GOOGL opened at $185.82 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15. The firm’s 50-day simple moving average is $173.92 and its two-hundred day simple moving average is $155.17. Alphabet Inc. has a fifty-two week low of $115.35 and a fifty-two week high of $186.09. The stock has a market cap of $2.30 trillion, a PE ratio of 28.50, a price-to-earnings-growth ratio of 1.37 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last announced 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. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The company had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $66.04 billion. During the same quarter last year, the firm earned $1.17 earnings per share. Analysts anticipate that Alphabet Inc. will post 7.6 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently announced 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 was Monday, June 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.43%. Alphabet’s dividend payout ratio is presently 12.27%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GOOGL. Stifel Nicolaus reiterated a “buy” rating and set a $196.00 price target on shares of Alphabet in a report on Wednesday, May 15th. BMO Capital Markets reiterated an “outperform” rating and issued a $215.00 target price on shares of Alphabet in a report on Wednesday, May 15th. Wedbush lifted their target price on shares of Alphabet from $175.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Tigress Financial increased their price objective on Alphabet from $176.00 to $210.00 and gave the stock a “strong-buy” rating in a report on Friday, May 24th. Finally, KeyCorp boosted their target price on Alphabet from $165.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Six analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $193.66.

Insider Activity

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the 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 transaction, the chief accounting officer now owns 30,650 shares of the company’s stock, valued at $5,623,355.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director John L. Hennessy sold 800 shares of Alphabet stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $159.56, for a total transaction of $127,648.00. Following the transaction, the director now directly owns 7,991 shares of the company’s stock, valued at approximately $1,275,043.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction that occurred on 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 in the company, valued at approximately $5,623,355.50. The disclosure for this sale can be found here. Insiders have sold 123,788 shares of company stock valued at $21,143,403 in the last ninety days. 11.55% of the stock is currently owned by company insiders.

Alphabet Company 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.