Alphabet Inc. (NASDAQ:GOOG) Position Trimmed by Sebold Capital Management Inc.

Sebold Capital Management Inc. trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 18.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 4,017 shares of the information services provider’s stock after selling 899 shares during the period. Sebold Capital Management Inc.’s holdings in Alphabet were worth $612,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in GOOG. Norges Bank acquired a new stake in shares of Alphabet during the 4th quarter valued at about $4,101,040,000. JPMorgan Chase & Co. lifted its holdings in shares of Alphabet by 11.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 95,941,129 shares of the information services provider’s stock valued at $12,649,838,000 after buying an additional 9,703,425 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Alphabet during the 4th quarter valued at about $11,600,970,000. Cerity Partners LLC lifted its holdings in shares of Alphabet by 198.7% during the 4th quarter. Cerity Partners LLC now owns 3,882,882 shares of the information services provider’s stock valued at $547,215,000 after buying an additional 2,583,128 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Alphabet by 93.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 4,591,383 shares of the information services provider’s stock valued at $647,064,000 after buying an additional 2,222,950 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In other news, insider John Kent Walker sold 12,084 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $151.19, for a total transaction of $1,826,979.96. Following the sale, the insider now directly owns 48,717 shares in the company, valued at $7,365,523.23. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $177.92, for a total transaction of $266,880.00. Following the sale, the director now directly owns 3,727 shares in the company, valued at $663,107.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John Kent Walker sold 12,084 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $151.19, for a total value of $1,826,979.96. Following the sale, the insider now owns 48,717 shares in the company, valued at $7,365,523.23. The disclosure for this sale can be found here. Insiders sold a total of 135,958 shares of company stock worth $22,383,553 over the last three months. 12.99% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

Alphabet Stock Performance

Shares of GOOG stock traded up $2.55 during trading hours on Friday, reaching $180.26. 59,728,019 shares of the company’s stock were exchanged, compared to its average volume of 14,706,858. Alphabet Inc. has a fifty-two week low of $115.83 and a fifty-two week high of $182.51. The stock has a market capitalization of $2.23 trillion, a P/E ratio of 27.65, a P/E/G ratio of 1.33 and a beta of 1.01. The business has a fifty day moving average price of $171.61 and a 200-day moving average price of $153.81. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS 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 company had revenue of $80.54 billion during the quarter, compared to analyst estimates of $78.75 billion. During the same period in the previous year, the company earned $1.17 earnings per share. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. Analysts predict that Alphabet Inc. will post 7.6 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a — dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 10th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 10th. Alphabet’s dividend payout ratio (DPR) is presently 12.27%.

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.