Alphabet Inc. (NASDAQ:GOOG) Shares Acquired by Financial Perspectives Inc

Financial Perspectives Inc lifted its position in Alphabet Inc. (NASDAQ:GOOG) by 2.2% in the first quarter, Holdings Channel reports. The firm owned 27,356 shares of the information services provider’s stock after acquiring an additional 591 shares during the period. Alphabet accounts for approximately 1.6% of Financial Perspectives Inc’s holdings, making the stock its 17th biggest position. Financial Perspectives Inc’s holdings in Alphabet were worth $4,165,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of GOOG. Norges Bank acquired a new position in shares of Alphabet in the fourth quarter valued at approximately $4,101,040,000. International Assets Investment Management LLC acquired a new position in shares of Alphabet during the 4th quarter worth approximately $11,600,970,000. Cerity Partners LLC lifted its position in shares of Alphabet by 198.7% in the fourth quarter. Cerity Partners LLC now owns 3,882,882 shares of the information services provider’s stock valued at $547,215,000 after acquiring an additional 2,583,128 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Alphabet by 93.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 4,591,383 shares of the information services provider’s stock worth $647,064,000 after purchasing an additional 2,222,950 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Alphabet in the 4th quarter worth approximately $147,246,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $166.67, for a total value of $113,668.94. Following the completion of the sale, the chief accounting officer now owns 29,284 shares in the company, valued at $4,880,764.28. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $166.67, for a total value of $113,668.94. Following the completion of the transaction, the chief accounting officer now directly owns 29,284 shares in the company, valued at $4,880,764.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $186.74, for a total transaction of $4,201,650.00. Following the sale, the chief executive officer now directly owns 2,227,385 shares of the company’s stock, valued at $415,941,874.90. The disclosure for this sale can be found here. Insiders have sold a total of 146,288 shares of company stock worth $25,345,053 over the last quarter. 12.99% of the stock is owned by corporate insiders.

Alphabet Stock Up 0.4 %

Shares of NASDAQ:GOOG opened at $187.39 on Friday. The stock has a 50-day simple moving average of $176.58 and a 200-day simple moving average of $157.00. The stock has a market capitalization of $2.32 trillion, a P/E ratio of 28.74, a PEG ratio of 1.41 and a beta of 1.05. Alphabet Inc. has a 1 year low of $115.83 and a 1 year high of $187.62. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.38. 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 $78.75 billion. During the same period in the previous year, the firm earned $1.17 earnings per share. Alphabet’s revenue for the quarter was up 15.4% on a year-over-year basis. Equities analysts forecast that Alphabet Inc. will post 7.6 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a — dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were given a $0.20 dividend. The ex-dividend date was Monday, June 10th. Alphabet’s dividend payout ratio (DPR) is presently 12.27%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Stifel Nicolaus increased their price target on Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Morgan Stanley reiterated an “overweight” rating and set a $165.00 target price on shares of Alphabet in a research report on Thursday, April 11th. Oppenheimer lifted their price target on Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Finally, Rosenblatt Securities downgraded shares of Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price target on the stock. in a research note on Friday, June 28th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and an average price target of $167.86.

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.