Atlas Brown Inc. Has $3.14 Million Stake in Alphabet Inc. (NASDAQ:GOOG)

Atlas Brown Inc. boosted its holdings in Alphabet Inc. (NASDAQ:GOOG) by 10.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,596 shares of the information services provider’s stock after purchasing an additional 2,005 shares during the quarter. Alphabet accounts for about 1.1% of Atlas Brown Inc.’s portfolio, making the stock its 21st largest holding. Atlas Brown Inc.’s holdings in Alphabet were worth $3,136,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of GOOG. Bruce G. Allen Investments LLC acquired a new position in shares of Alphabet in the 4th quarter valued at approximately $26,000. Partnership Wealth Management LLC acquired a new position in shares of Alphabet in the 4th quarter valued at approximately $26,000. Equitec Proprietary Markets LLC acquired a new position in shares of Alphabet in the 4th quarter valued at approximately $28,000. DiNuzzo Private Wealth Inc. acquired a new position in shares of Alphabet in the 4th quarter valued at approximately $32,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new position in shares of Alphabet in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Price Performance

GOOG stock opened at $176.45 on Thursday. The company has a 50 day simple moving average of $170.85 and a 200 day simple moving average of $153.29. The stock has a market cap of $2.18 trillion, a price-to-earnings ratio of 27.06, a P/E/G ratio of 1.31 and a beta of 1.01. Alphabet Inc. has a 1 year low of $115.83 and a 1 year high of $182.08. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.15.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.38. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The business had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $78.75 billion. During the same period in the prior year, the company earned $1.17 EPS. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. Research analysts anticipate that Alphabet Inc. will post 7.69 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

Insiders Place Their Bets

In other Alphabet news, Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were 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 of the company’s stock, valued at approximately $663,107.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Prabhakar Raghavan sold 3,258 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $155.97, for a total value of $508,150.26. Following the sale, the senior vice president now directly owns 144,685 shares of the company’s stock, valued at approximately $22,566,519.45. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John L. Hennessy sold 1,500 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $177.92, for a total transaction of $266,880.00. Following the completion of the sale, the director now directly owns 3,727 shares in the company, valued at $663,107.84. The disclosure for this sale can be found here. Insiders have sold 135,958 shares of company stock valued at $22,383,553 in the last ninety days. 12.99% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on GOOG. Oppenheimer boosted their target price on shares of Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Stifel Nicolaus upped their price objective on shares of Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $165.00 price objective on shares of Alphabet in a research report on Thursday, April 11th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Alphabet currently has a consensus rating of “Buy” and a consensus target price of $165.67.

Alphabet 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.