Curated Wealth Partners LLC Grows Holdings in Alphabet Inc. (NASDAQ:GOOG)

Curated Wealth Partners LLC boosted its holdings in Alphabet Inc. (NASDAQ:GOOG) by 10.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,928 shares of the information services provider’s stock after purchasing an additional 555 shares during the quarter. Curated Wealth Partners LLC’s holdings in Alphabet were worth $926,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GOOG. Dividend Assets Capital LLC raised its position in Alphabet by 4.1% during the 1st quarter. Dividend Assets Capital LLC now owns 2,522 shares of the information services provider’s stock worth $394,000 after buying an additional 100 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services raised its position in Alphabet by 68.4% during the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 55,236 shares of the information services provider’s stock worth $8,630,000 after buying an additional 22,445 shares during the last quarter. Manitou Investment Management Ltd. raised its position in Alphabet by 29.0% during the 1st quarter. Manitou Investment Management Ltd. now owns 800 shares of the information services provider’s stock worth $125,000 after buying an additional 180 shares during the last quarter. SJS Investment Consulting Inc. raised its position in Alphabet by 2.7% during the 1st quarter. SJS Investment Consulting Inc. now owns 13,916 shares of the information services provider’s stock worth $2,174,000 after buying an additional 371 shares during the last quarter. Finally, MADDEN SECURITIES Corp raised its position in Alphabet by 82.8% during the 1st quarter. MADDEN SECURITIES Corp now owns 3,224 shares of the information services provider’s stock worth $504,000 after buying an additional 1,460 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet Stock Performance

NASDAQ:GOOG opened at $180.01 on Wednesday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average price of $162.80 and a two-hundred day moving average price of $176.20. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $208.70. The company has a market capitalization of $2.18 trillion, a P/E ratio of 22.36, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.79. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The firm had revenue of $90.23 billion during the quarter, compared to the consensus estimate of $89.30 billion. During the same period last year, the firm posted $1.89 EPS. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, research analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be paid a dividend of $0.21 per share. This is a boost from Alphabet’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 0.47%. The ex-dividend date is Monday, June 9th. Alphabet’s dividend payout ratio (DPR) is currently 9.36%.

Insiders Place Their Bets

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the sale, the chief executive officer now directly owns 2,717,696 shares of the company’s stock, valued at $430,917,877.76. This trade represents a 1.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 673 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total transaction of $104,537.09. Following the sale, the chief accounting officer now directly owns 15,303 shares in the company, valued at $2,377,014.99. This represents a 4.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 195,770 shares of company stock valued at $32,036,638 in the last ninety days. Insiders own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

GOOG has been the subject of a number of analyst reports. Oppenheimer upped their price objective on shares of Alphabet from $185.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, April 25th. Westpark Capital reiterated a “buy” rating and issued a $210.00 price target on shares of Alphabet in a report on Friday, April 25th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $171.00 price target on shares of Alphabet in a report on Friday, April 25th. UBS Group cut their price target on shares of Alphabet from $209.00 to $173.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Finally, Needham & Company LLC downgraded shares of Alphabet from a “buy” rating to a “cautious” rating in a report on Friday, May 2nd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and five have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $204.88.

Alphabet 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.