Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Blume Capital Management Inc.

Blume Capital Management Inc. decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,615 shares of the information services provider’s stock after selling 390 shares during the quarter. Blume Capital Management Inc.’s holdings in Alphabet were worth $1,343,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of GOOGL. BLB&B Advisors LLC increased its position in Alphabet by 2.9% in the third quarter. BLB&B Advisors LLC now owns 140,422 shares of the information services provider’s stock worth $18,376,000 after buying an additional 4,013 shares during the period. DORCHESTER WEALTH MANAGEMENT Co boosted its holdings in shares of Alphabet by 63.7% during the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 31,050 shares of the information services provider’s stock valued at $4,063,000 after acquiring an additional 12,080 shares during the period. Wealth Management Partners LLC grew its position in shares of Alphabet by 10.6% during the third quarter. Wealth Management Partners LLC now owns 3,205 shares of the information services provider’s stock worth $419,000 after acquiring an additional 306 shares during the last quarter. Segment Wealth Management LLC increased its holdings in shares of Alphabet by 18.7% in the 3rd quarter. Segment Wealth Management LLC now owns 10,884 shares of the information services provider’s stock worth $1,424,000 after acquiring an additional 1,715 shares during the period. Finally, Strategic Investment Advisors MI lifted its position in Alphabet by 1.6% in the 3rd quarter. Strategic Investment Advisors MI now owns 57,970 shares of the information services provider’s stock valued at $7,586,000 after purchasing an additional 916 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $166.67, for a total transaction of $113,668.94. Following the transaction, the chief accounting officer now directly owns 29,284 shares in the company, valued at $4,880,764.28. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $166.67, for a total value of $113,668.94. Following the completion of the sale, the chief accounting officer now directly owns 29,284 shares in the company, valued at $4,880,764.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John L. Hennessy sold 1,500 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $168.08, for a total transaction of $252,120.00. Following the sale, the director now owns 4,391 shares of the company’s stock, valued at $738,039.28. The disclosure for this sale can be found here. Insiders sold 254,011 shares of company stock worth $37,337,245 over the last ninety days. 0.88% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. Argus upped their target price on shares of Alphabet from $170.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Truist Financial increased their price objective on Alphabet from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Wells Fargo & Company lifted their target price on Alphabet from $141.00 to $168.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Stifel Nicolaus increased their price target on Alphabet from $174.00 to $196.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Finally, BMO Capital Markets raised their price target on Alphabet from $185.00 to $215.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Five research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $190.60.

Check Out Our Latest Research Report on Alphabet

Alphabet Trading Up 0.7 %

Alphabet stock opened at $170.34 on Wednesday. The company has a 50 day moving average price of $154.03 and a 200 day moving average price of $143.91. The firm has a market capitalization of $2.11 trillion, a price-to-earnings ratio of 26.13, a P/E/G ratio of 1.30 and a beta of 1.02. Alphabet Inc. has a 52 week low of $115.35 and a 52 week high of $174.71. 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:GOOGLGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating 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 firm had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $66.04 billion. During the same period in the previous year, the firm posted $1.17 earnings per share. Research analysts forecast that Alphabet Inc. will post 7.57 EPS for the current year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Monday, June 10th.

Alphabet Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGLFree Report).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.