Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Simon Quick Advisors LLC

Simon Quick Advisors LLC grew its stake in Alphabet Inc. (NASDAQ:GOOGL) by 16.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,933 shares of the information services provider’s stock after purchasing an additional 9,496 shares during the quarter. Alphabet makes up 0.6% of Simon Quick Advisors LLC’s holdings, making the stock its 25th biggest position. Simon Quick Advisors LLC’s holdings in Alphabet were worth $10,196,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Compass Planning Associates Inc acquired a new position in Alphabet during the fourth quarter worth about $30,000. PayPay Securities Corp boosted its position in Alphabet by 36.1% during the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock worth $46,000 after acquiring an additional 65 shares during the last quarter. Anderson Financial Strategies LLC acquired a new position in Alphabet during the fourth quarter worth about $49,000. Navigoe LLC acquired a new position in Alphabet during the fourth quarter worth about $51,000. Finally, Prudent Man Investment Management Inc. acquired a new position in Alphabet during the fourth quarter worth about $53,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Buying and Selling

In other Alphabet news, insider John Kent Walker sold 11,764 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $166.84, for a total value of $1,962,705.76. Following the sale, the insider now directly owns 49,037 shares of the company’s stock, valued at approximately $8,181,333.08. This represents a 19.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Amie Thuener O’toole sold 673 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total transaction of $104,537.09. Following the completion of the sale, the chief accounting officer now directly owns 15,303 shares in the company, 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. Insiders have sold a total of 195,570 shares of company stock valued at $32,003,532 in the last ninety days. Company insiders own 11.64% of the company’s stock.

Alphabet Price Performance

Shares of GOOGL opened at $175.70 on Friday. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $207.05. The firm’s 50 day moving average price is $162.29 and its 200 day moving average price is $174.57. The company has a market cap of $2.13 trillion, a P/E ratio of 21.83, a PEG ratio of 1.34 and a beta of 1.01. 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 (NASDAQ:GOOGL) last announced its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.79. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The firm had revenue of $76.49 billion for the quarter, compared to the consensus estimate of $89.30 billion. During the same period in the prior year, the firm earned $1.89 EPS. On average, research analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be paid a dividend of $0.21 per share. This is an increase from Alphabet’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend is Monday, June 9th. Alphabet’s dividend payout ratio is presently 9.36%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on GOOGL shares. Stifel Nicolaus lowered their price target on shares of Alphabet from $225.00 to $192.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Rosenblatt Securities restated a “neutral” rating and set a $189.00 price target on shares of Alphabet in a research report on Wednesday, May 21st. Piper Sandler boosted their price target on shares of Alphabet from $185.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, April 25th. Truist Financial lowered their price target on shares of Alphabet from $220.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Alphabet from $220.00 to $180.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Ten investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $199.75.

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.