Alphabet Inc. (NASDAQ:GOOG) Shares Bought by Stonegate Investment Group LLC

Stonegate Investment Group LLC increased its stake in Alphabet Inc. (NASDAQ:GOOG) by 1.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,554 shares of the information services provider’s stock after acquiring an additional 270 shares during the period. Stonegate Investment Group LLC’s holdings in Alphabet were worth $2,977,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Tandem Wealth Advisors LLC acquired a new stake in Alphabet during the 3rd quarter worth approximately $25,000. Bruce G. Allen Investments LLC acquired a new stake in shares of Alphabet in the fourth quarter worth $26,000. Partnership Wealth Management LLC purchased a new position in shares of Alphabet in the 4th quarter valued at $26,000. Equitec Proprietary Markets LLC acquired a new position in shares of Alphabet during the 4th quarter valued at $28,000. Finally, Buck Wealth Strategies LLC acquired a new position in shares of Alphabet during the 3rd quarter valued at $32,000. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Stock Down 1.9 %

NASDAQ GOOG traded down $3.26 during mid-day trading on Tuesday, reaching $164.64. 29,398,761 shares of the company’s stock traded hands, compared to its average volume of 22,876,967. The company has a current ratio of 2.15, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 1-year low of $104.50 and a 1-year high of $176.42. The company has a fifty day simple moving average of $150.09 and a 200-day simple moving average of $143.16. The company has a market cap of $2.05 trillion, a price-to-earnings ratio of 25.25, a P/E/G ratio of 1.59 and a beta of 1.05.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.38. The business had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $78.75 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.17 earnings per share. As a group, equities research analysts expect that Alphabet Inc. will post 6.8 EPS for the current year.

Alphabet Dividend Announcement

The business also recently announced a — dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be paid a $0.20 dividend. The ex-dividend date is Monday, June 10th.

Analysts Set New Price Targets

Several research analysts have commented on the company. Susquehanna raised their price objective on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. Raymond James boosted their price target on Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Stifel Nicolaus upped their price target on Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Oppenheimer lifted their price objective on shares of Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Finally, Morgan Stanley restated an “overweight” rating and issued a $165.00 target price on shares of Alphabet in a research note on Thursday, April 11th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $165.67.

Insider Activity

In other Alphabet news, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total transaction of $94,769.40. Following the transaction, the chief accounting officer now owns 27,920 shares of the company’s stock, valued at approximately $4,009,032.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $146.29, for a total value of $3,291,525.00. Following the completion of the transaction, the chief executive officer now directly owns 2,377,691 shares of the company’s stock, valued at approximately $347,832,416.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $143.59, for a total transaction of $94,769.40. Following the sale, the chief accounting officer now owns 27,920 shares in the company, valued at approximately $4,009,032.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 253,289 shares of company stock worth $36,724,534. 12.99% of the stock is currently 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.