Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Ameliora Wealth Management Ltd.

Ameliora Wealth Management Ltd. trimmed its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,870 shares of the information services provider’s stock after selling 82 shares during the quarter. Ameliora Wealth Management Ltd.’s holdings in Alphabet were worth $1,698,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. MADDEN SECURITIES Corp raised its position in shares of Alphabet by 82.8% during the 1st quarter. MADDEN SECURITIES Corp now owns 3,224 shares of the information services provider’s stock worth $504,000 after purchasing an additional 1,460 shares during the period. Accurate Wealth Management LLC grew its holdings in Alphabet by 1.1% in the 1st quarter. Accurate Wealth Management LLC now owns 12,360 shares of the information services provider’s stock worth $1,968,000 after buying an additional 138 shares in the last quarter. Simplicity Wealth LLC grew its holdings in Alphabet by 92.5% in the 1st quarter. Simplicity Wealth LLC now owns 31,439 shares of the information services provider’s stock worth $4,912,000 after buying an additional 15,106 shares in the last quarter. GAMMA Investing LLC boosted its stake in Alphabet by 19.5% during the 1st quarter. GAMMA Investing LLC now owns 91,681 shares of the information services provider’s stock valued at $14,323,000 after purchasing an additional 14,931 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC increased its position in shares of Alphabet by 12.5% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 35,883 shares of the information services provider’s stock valued at $5,606,000 after purchasing an additional 3,980 shares during the period. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director John L. Hennessy sold 200 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the completion of the sale, the director now directly owns 7,813 shares in the company, valued at approximately $1,293,285.89. This trade represents a 2.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 673 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total value of $104,537.09. Following the sale, the chief accounting officer now owns 15,303 shares of the company’s stock, valued at approximately $2,377,014.99. This represents a 4.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 195,770 shares of company stock worth $32,036,638. Corporate insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

Shares of Alphabet stock opened at $177.63 on Tuesday. The stock has a market cap of $2.16 trillion, a PE ratio of 22.07, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. The business has a fifty day simple moving average of $162.26 and a 200-day simple moving average of $176.17. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 12 month low of $142.66 and a 12 month high of $208.70.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, topping the consensus estimate of $2.02 by $0.79. The business had revenue of $90.23 billion during the quarter, compared to analysts’ expectations of $89.30 billion. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Alphabet’s revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.89 earnings per share. On average, sell-side analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.47%. This is a positive change from Alphabet’s previous quarterly dividend of $0.20. The ex-dividend date is Monday, June 9th. Alphabet’s dividend payout ratio (DPR) is currently 9.36%.

Analyst Upgrades and Downgrades

GOOG has been the topic of several research analyst reports. The Goldman Sachs Group reiterated a “buy” rating and set a $220.00 price target on shares of Alphabet in a research report on Monday, June 2nd. Needham & Company LLC cut Alphabet from a “buy” rating to a “cautious” rating in a research report on Friday, May 2nd. Oppenheimer lifted their price target on Alphabet from $185.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, April 25th. KeyCorp lowered their price target on Alphabet from $202.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 9th. Finally, Rosenblatt Securities upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 25th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and five have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Alphabet has an average rating of “Moderate Buy” and a consensus target price of $204.88.

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.