Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Humankind Investments LLC

Humankind Investments LLC trimmed its holdings in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 6.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 37,105 shares of the information services provider’s stock after selling 2,375 shares during the period. Alphabet accounts for approximately 1.5% of Humankind Investments LLC’s holdings, making the stock its 11th largest holding. Humankind Investments LLC’s holdings in Alphabet were worth $5,183,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Alphabet in the 4th quarter valued at about $30,000. DiNuzzo Private Wealth Inc. acquired a new position in shares of Alphabet in the 4th quarter valued at about $38,000. Meritage Group LP lifted its stake in shares of Alphabet by 1,061.5% in the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock valued at $40,000 after purchasing an additional 276 shares in the last quarter. Armor Investment Advisors LLC lifted its stake in shares of Alphabet by 31.0% in the 4th quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock valued at $47,000 after purchasing an additional 80 shares in the last quarter. Finally, IAG Wealth Partners LLC lifted its stake in shares of Alphabet by 55.9% in the 4th quarter. IAG Wealth Partners LLC now owns 343 shares of the information services provider’s stock valued at $48,000 after purchasing an additional 123 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Alphabet news, Director John L. Hennessy sold 500 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $149.50, for a total transaction of $74,750.00. Following the completion of the transaction, the director now owns 8,791 shares in the company, valued at approximately $1,314,254.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Alphabet news, Director John L. Hennessy sold 500 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $149.50, for a total transaction of $74,750.00. Following the completion of the transaction, the director now owns 8,791 shares in the company, valued at approximately $1,314,254.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $176.58, for a total value of $3,973,050.00. Following the transaction, the chief executive officer now owns 2,235,511 shares of the company’s stock, valued at approximately $394,746,532.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 157,458 shares of company stock worth $25,538,973. 11.55% of the stock is owned by company insiders.

Alphabet Trading Up 0.3 %

NASDAQ:GOOGL opened at $175.01 on Tuesday. Alphabet Inc. has a 12-month low of $115.35 and a 12-month high of $178.77. The firm has a market capitalization of $2.16 trillion, a P/E ratio of 26.84, a P/E/G ratio of 1.31 and a beta of 1.01. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.15. The business has a 50 day simple moving average of $166.20 and a 200 day simple moving average of $149.98.

Alphabet (NASDAQ:GOOGLGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. 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 $66.04 billion. During the same quarter in the previous year, the firm posted $1.17 EPS. Equities research analysts predict that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.46%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Alphabet from $165.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Roth Mkm raised their target price on Alphabet from $164.00 to $202.00 and gave the company a “buy” rating in a report on Friday, April 26th. Robert W. Baird raised their target price on Alphabet from $160.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Sanford C. Bernstein raised their target price on Alphabet from $165.00 to $180.00 and gave the company a “market perform” rating in a report on Friday, April 26th. Finally, Tigress Financial raised their target price on Alphabet from $176.00 to $210.00 and gave the company a “strong-buy” rating in a report on Friday, May 24th. Five research analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $191.57.

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Alphabet Company Profile

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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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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