Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Lincoln Capital LLC

Lincoln Capital LLC trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.4% during the first quarter, Holdings Channel.com reports. The firm owned 171,300 shares of the information services provider’s stock after selling 609 shares during the period. Alphabet accounts for 5.8% of Lincoln Capital LLC’s holdings, making the stock its 5th biggest position. Lincoln Capital LLC’s holdings in Alphabet were worth $25,854,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GOOGL. Pegasus Partners Ltd. raised its stake in shares of Alphabet by 6.1% in the third quarter. Pegasus Partners Ltd. now owns 30,567 shares of the information services provider’s stock worth $4,000,000 after purchasing an additional 1,757 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in Alphabet by 3.4% during the third quarter. Parkside Financial Bank & Trust now owns 19,763 shares of the information services provider’s stock worth $2,586,000 after buying an additional 647 shares in the last quarter. Paragon Private Wealth Management LLC grew its holdings in Alphabet by 1.6% during the third quarter. Paragon Private Wealth Management LLC now owns 21,739 shares of the information services provider’s stock worth $2,845,000 after buying an additional 341 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in Alphabet by 14.9% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 408,922 shares of the information services provider’s stock valued at $53,512,000 after buying an additional 53,123 shares during the last quarter. Finally, O ROURKE & COMPANY Inc lifted its stake in Alphabet by 4.7% during the 3rd quarter. O ROURKE & COMPANY Inc now owns 17,823 shares of the information services provider’s stock valued at $2,332,000 after acquiring an additional 793 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

Alphabet Trading Down 1.8 %

Shares of Alphabet stock opened at $182.15 on Friday. The company’s 50-day moving average price is $172.85 and its 200-day moving average price is $154.29. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 12-month low of $115.35 and a 12-month high of $186.05. The company has a market cap of $2.25 trillion, a price-to-earnings ratio of 27.94, a PEG ratio of 1.39 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL) last posted 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 $1.49 by $0.40. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The business had revenue of $80.54 billion for the quarter, compared to analyst estimates of $66.04 billion. During the same quarter in the prior year, the firm posted $1.17 EPS. On average, equities analysts expect that Alphabet Inc. will post 7.6 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 10th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.44%. The ex-dividend date was Monday, June 10th. Alphabet’s dividend payout ratio is 12.27%.

Insider Buying and Selling

In other Alphabet news, Director John L. Hennessy sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $177.92, for a total value of $266,880.00. Following the sale, the director now 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 SEC, which is accessible through this hyperlink. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $154.79, for a total value of $105,566.78. Following the completion of the transaction, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at approximately $4,532,870.36. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John L. Hennessy sold 1,500 shares of the company’s stock in a transaction 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 completion of the transaction, the director now owns 3,727 shares of the company’s stock, valued at $663,107.84. The disclosure for this sale can be found here. Insiders sold a total of 146,284 shares of company stock worth $24,534,393 over the last ninety days. 11.55% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Alphabet from $165.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Robert W. Baird increased their price objective on shares of Alphabet from $160.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Oppenheimer boosted their target price on Alphabet from $185.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Loop Capital increased their price target on Alphabet from $155.00 to $170.00 and gave the company a “hold” rating in a research report on Wednesday, May 1st. Finally, Barclays lifted their price target on Alphabet from $173.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Six investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $193.66.

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.