Alphabet Inc. (NASDAQ:GOOG) Shares Acquired by V Square Quantitative Management LLC

V Square Quantitative Management LLC increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 62,917 shares of the information services provider’s stock after purchasing an additional 426 shares during the quarter. Alphabet accounts for 1.6% of V Square Quantitative Management LLC’s holdings, making the stock its 6th biggest position. V Square Quantitative Management LLC’s holdings in Alphabet were worth $9,580,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on GOOG shares. Raymond James increased their price objective on shares of Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Susquehanna raised their price target on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. Stifel Nicolaus upped their price objective on Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Oppenheimer raised their target price 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 reaffirmed an “overweight” rating and set a $165.00 price target on shares of Alphabet in a research report on Thursday, April 11th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $165.67.

Insider Transactions at Alphabet

In other news, Director John L. Hennessy sold 300 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $139.51, for a total transaction of $41,853.00. Following the transaction, the director now owns 9,291 shares in the company, valued at $1,296,187.41. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Alphabet news, Director John L. Hennessy sold 300 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $139.51, for a total value of $41,853.00. Following the completion of the sale, the director now owns 9,291 shares of the company’s stock, valued at approximately $1,296,187.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $143.08, for a total transaction of $3,219,300.00. Following the completion of the sale, the chief executive officer now directly owns 2,355,191 shares of the company’s stock, valued at approximately $336,980,728.28. The disclosure for this sale can be found here. Insiders sold a total of 228,435 shares of company stock worth $34,398,287 over the last quarter. Company insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

GOOG traded up $1.08 during trading hours on Tuesday, reaching $179.54. The company’s stock had a trading volume of 14,699,066 shares, compared to its average volume of 22,156,553. The company’s 50-day moving average is $160.23 and its 200-day moving average is $147.39. Alphabet Inc. has a 52 week low of $115.83 and a 52 week high of $179.95. The firm has a market cap of $2.22 trillion, a PE ratio of 27.54, a price-to-earnings-growth ratio of 1.32 and a beta of 1.02. 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 EPS for the quarter, beating the consensus estimate of $1.51 by $0.38. The firm had revenue of $80.54 billion for 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 company’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.17 earnings per share. On average, equities analysts forecast that Alphabet Inc. will post 7.7 EPS for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a — dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 10th.

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.