Presilium Private Wealth LLC Lowers Position in Alphabet Inc. (NASDAQ:GOOGL)

Presilium Private Wealth LLC lessened its position in Alphabet Inc. (NASDAQ:GOOGL) by 4.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,379 shares of the information services provider’s stock after selling 171 shares during the quarter. Presilium Private Wealth LLC’s holdings in Alphabet were worth $510,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. M. Kraus & Co grew its holdings in shares of Alphabet by 1.1% in the first quarter. M. Kraus & Co now owns 6,267 shares of the information services provider’s stock worth $946,000 after acquiring an additional 66 shares during the period. Wynn Capital LLC grew its holdings in Alphabet by 3.9% during the first quarter. Wynn Capital LLC now owns 1,767 shares of the information services provider’s stock valued at $267,000 after purchasing an additional 67 shares during the period. Aire Advisors LLC grew its holdings in Alphabet by 0.6% during the fourth quarter. Aire Advisors LLC now owns 11,772 shares of the information services provider’s stock valued at $1,645,000 after purchasing an additional 68 shares during the period. Henrickson Nauta Wealth Advisors Inc. grew its holdings in Alphabet by 2.1% during the first quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,274 shares of the information services provider’s stock valued at $511,000 after purchasing an additional 68 shares during the period. Finally, Fiduciary Planning LLC grew its holdings in Alphabet by 0.7% during the first quarter. Fiduciary Planning LLC now owns 9,219 shares of the information services provider’s stock valued at $1,391,000 after purchasing an additional 68 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Trading Down 0.3 %

GOOGL opened at $185.07 on Friday. The stock has a market cap of $2.29 trillion, a price-to-earnings ratio of 28.39, a P/E/G ratio of 1.44 and a beta of 1.05. The stock’s 50 day moving average price is $177.69 and its 200-day moving average price is $157.65. Alphabet Inc. has a one year low of $118.22 and a one year high of $191.75. 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:GOOGL) last announced 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 $1.49 by $0.40. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The company had revenue of $80.54 billion for the quarter, compared to analysts’ expectations of $66.04 billion. During the same quarter in the prior year, the firm earned $1.17 earnings per share. On average, equities analysts forecast 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. Investors of record on Monday, June 10th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, June 10th. This represents a $0.80 annualized dividend and a yield of 0.43%. Alphabet’s dividend payout ratio (DPR) is currently 12.27%.

Analysts Set New Price Targets

GOOGL has been the subject of several recent research reports. Wedbush boosted their price target on Alphabet from $175.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, April 26th. JMP Securities reissued a “market outperform” rating and set a $200.00 price target on shares of Alphabet in a report on Wednesday, May 15th. TD Cowen boosted their price target on Alphabet from $170.00 to $200.00 and gave the company a “buy” rating in a report on Friday, April 26th. Jefferies Financial Group boosted their price objective on Alphabet from $215.00 to $220.00 in a research report on Tuesday. Finally, Sanford C. Bernstein boosted their price objective on Alphabet from $165.00 to $180.00 and gave the company a “market perform” 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 issued a strong buy rating to the stock. According to MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.06.

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $166.67, for a total value of $113,668.94. Following the transaction, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at $4,880,764.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $157.41, for a total transaction of $3,541,725.00. Following the completion of the sale, the chief executive officer now owns 2,303,011 shares in the company, valued at $362,516,961.51. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $166.67, for a total value of $113,668.94. Following the sale, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at approximately $4,880,764.28. The disclosure for this sale can be found here. Insiders have sold a total of 122,988 shares of company stock valued at $21,015,755 over the last quarter. 11.55% of the stock is owned by corporate insiders.

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.