Buckingham Capital Management Inc. Purchases 1,586 Shares of Alphabet Inc. (NASDAQ:GOOG)

Buckingham Capital Management Inc. raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGFree Report) by 1.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,722 shares of the information services provider’s stock after acquiring an additional 1,586 shares during the period. Alphabet makes up 2.4% of Buckingham Capital Management Inc.’s holdings, making the stock its 9th largest position. Buckingham Capital Management Inc.’s holdings in Alphabet were worth $19,904,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Bruce G. Allen Investments LLC acquired a new stake in Alphabet in the fourth quarter worth approximately $26,000. Partnership Wealth Management LLC bought a new position in Alphabet during the fourth quarter valued at about $26,000. Equitec Proprietary Markets LLC acquired a new position in Alphabet during the fourth quarter worth about $28,000. DiNuzzo Private Wealth Inc. bought a new stake in Alphabet in the fourth quarter worth about $32,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new stake in Alphabet in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $155.67, for a total value of $3,502,575.00. Following the completion of the sale, the chief executive officer now directly owns 2,325,513 shares in the company, valued at approximately $362,012,608.71. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $155.67, for a total value of $3,502,575.00. Following the transaction, the chief executive officer now owns 2,325,513 shares in the company, valued at approximately $362,012,608.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $154.79, for a total transaction of $105,566.78. Following the transaction, the chief accounting officer now directly owns 29,284 shares of the company’s stock, valued at approximately $4,532,870.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 135,958 shares of company stock worth $22,383,553. 12.99% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

View Our Latest Analysis on GOOG

Alphabet Trading Up 1.4 %

Shares of NASDAQ GOOG opened at $180.26 on Friday. The business has a 50 day simple moving average of $171.61 and a 200 day simple moving average of $153.96. Alphabet Inc. has a 52 week low of $115.83 and a 52 week high of $182.51. The stock has a market cap of $2.23 trillion, a price-to-earnings ratio of 27.65, a PEG ratio of 1.33 and a beta of 1.01. 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:GOOGGet Free Report) last posted its earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.51 by $0.38. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The company had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $78.75 billion. During the same period in the previous year, the firm posted $1.17 earnings per share. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. On average, research analysts predict that Alphabet Inc. will post 7.6 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a — dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were given a $0.20 dividend. The ex-dividend date was Monday, June 10th. Alphabet’s dividend payout ratio is currently 12.27%.

About Alphabet

(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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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