Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Boyd Watterson Asset Management LLC OH

Boyd Watterson Asset Management LLC OH lifted its position in Alphabet Inc. (NASDAQ:GOOGL) by 3.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 63,558 shares of the information services provider’s stock after purchasing an additional 2,042 shares during the period. Alphabet makes up about 3.1% of Boyd Watterson Asset Management LLC OH’s holdings, making the stock its 4th largest holding. Boyd Watterson Asset Management LLC OH’s holdings in Alphabet were worth $9,829,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Perritt Capital Management Inc increased its position in Alphabet by 10.4% during the fourth quarter. Perritt Capital Management Inc now owns 618 shares of the information services provider’s stock worth $117,000 after acquiring an additional 58 shares during the period. Nia Impact Advisors LLC increased its position in Alphabet by 0.3% during the fourth quarter. Nia Impact Advisors LLC now owns 17,161 shares of the information services provider’s stock worth $3,249,000 after acquiring an additional 59 shares during the period. Hanlon Investment Management Inc. increased its position in Alphabet by 1.7% during the fourth quarter. Hanlon Investment Management Inc. now owns 3,553 shares of the information services provider’s stock worth $673,000 after acquiring an additional 60 shares during the period. Enzi Wealth increased its position in Alphabet by 2.5% during the first quarter. Enzi Wealth now owns 2,561 shares of the information services provider’s stock worth $408,000 after acquiring an additional 62 shares during the period. Finally, Whipplewood Advisors LLC increased its position in Alphabet by 1.2% during the first quarter. Whipplewood Advisors LLC now owns 5,438 shares of the information services provider’s stock worth $817,000 after acquiring an additional 67 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Alphabet

In related news, Director Kavitark Ram Shriram sold 18,566 shares of the stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $185.76, for a total transaction of $3,448,820.16. Following the completion of the sale, the director directly owned 243,400 shares of the company’s stock, valued at approximately $45,213,984. This represents a 7.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $178.52, for a total value of $5,801,900.00. Following the sale, the chief executive officer directly owned 2,559,892 shares of the company’s stock, valued at approximately $456,991,919.84. The trade was a 1.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 249,298 shares of company stock worth $43,505,967 in the last three months. 11.64% of the stock is owned by insiders.

Alphabet Stock Up 0.4%

Alphabet stock opened at $196.53 on Thursday. The company’s 50 day simple moving average is $177.49 and its 200 day simple moving average is $173.11. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $207.05. The firm has a market capitalization of $2.38 trillion, a price-to-earnings ratio of 20.93, a PEG ratio of 1.30 and a beta of 1.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 8th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Monday, September 8th. Alphabet’s payout ratio is 8.95%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GOOGL. UBS Group boosted their target price on shares of Alphabet from $192.00 to $202.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Royal Bank Of Canada boosted their price target on shares of Alphabet from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, July 24th. BNP Paribas Exane reissued a “neutral” rating and issued a $172.00 price target on shares of Alphabet in a report on Friday, June 27th. Citizens Jmp raised shares of Alphabet from a “market perform” rating to an “outperform” rating and set a $220.00 price target on the stock in a report on Friday, June 27th. Finally, Truist Financial reissued a “buy” rating and issued a $200.00 price target on shares of Alphabet in a report on Wednesday, July 2nd. Ten research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $211.39.

About Alphabet

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.