ST Germain D J Co. Inc. Decreases Holdings in Alphabet Inc. (NASDAQ:GOOG)

ST Germain D J Co. Inc. decreased its position in Alphabet Inc. (NASDAQ:GOOG) by 1.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 86,308 shares of the information services provider’s stock after selling 1,506 shares during the period. ST Germain D J Co. Inc.’s holdings in Alphabet were worth $13,141,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in GOOG. Bruce G. Allen Investments LLC bought a new position in shares of Alphabet in the fourth quarter worth approximately $26,000. Partnership Wealth Management LLC bought a new stake in Alphabet in the fourth quarter valued at $26,000. Equitec Proprietary Markets LLC bought a new stake in Alphabet in the fourth quarter valued at $28,000. DiNuzzo Private Wealth Inc. bought a new stake in Alphabet in the fourth quarter valued at $32,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new stake in Alphabet in the fourth quarter valued at $34,000. Institutional investors own 27.26% of the company’s stock.

Analyst Upgrades and Downgrades

GOOG has been the topic of several recent analyst reports. Oppenheimer lifted their price target on shares of Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Stifel Nicolaus boosted their target price on shares of Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, Morgan Stanley restated an “overweight” rating and set a $165.00 target price on shares of Alphabet in a report on Thursday, April 11th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $165.67.

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $176.45 on Wednesday. Alphabet Inc. has a fifty-two week low of $115.83 and a fifty-two week high of $182.08. The business has a 50-day simple moving average of $170.48 and a two-hundred day simple moving average of $153.13. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15. The firm has a market cap of $2.18 trillion, a price-to-earnings ratio of 27.06, a price-to-earnings-growth ratio of 1.33 and a beta of 1.01.

Alphabet (NASDAQ:GOOG) last issued its 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. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The business had revenue of $80.54 billion during the quarter, compared to analyst estimates of $78.75 billion. During the same quarter in the previous year, the firm earned $1.17 EPS. Alphabet’s revenue was up 15.4% on a year-over-year basis. On average, analysts expect that Alphabet Inc. will post 7.69 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently declared a — dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 10th. Alphabet’s dividend payout ratio is currently 12.27%.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $155.67, for a total transaction of $3,502,575.00. Following the completion of the sale, the chief executive officer now directly owns 2,325,513 shares in the company, valued at approximately $362,012,608.71. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, SVP Prabhakar Raghavan sold 3,258 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $155.97, for a total transaction of $508,150.26. Following the completion of the transaction, the senior vice president now directly owns 144,685 shares in the company, valued at approximately $22,566,519.45. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $155.67, for a total value of $3,502,575.00. Following the transaction, the chief executive officer now owns 2,325,513 shares of the company’s stock, valued at $362,012,608.71. The disclosure for this sale can be found here. Insiders sold a total of 135,958 shares of company stock worth $22,383,553 in the last three months. 12.99% of the stock is currently owned by company insiders.

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.