Alphabet Inc. (NASDAQ:GOOG) Stock Holdings Decreased by Calton & Associates Inc.

Calton & Associates Inc. reduced its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 47.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,380 shares of the information services provider's stock after selling 4,953 shares during the period. Calton & Associates Inc.'s holdings in Alphabet were worth $819,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GOOG. Bruce G. Allen Investments LLC purchased a new position in Alphabet during the fourth quarter valued at approximately $26,000. Partnership Wealth Management LLC bought a new stake in Alphabet in the fourth quarter worth approximately $26,000. Equitec Proprietary Markets LLC bought a new stake in Alphabet in the fourth quarter worth approximately $28,000. DiNuzzo Private Wealth Inc. bought a new stake in Alphabet in the fourth quarter worth approximately $32,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new stake in Alphabet in the fourth quarter worth approximately $34,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on GOOG. Rosenblatt Securities cut shares of Alphabet from a "buy" rating to a "neutral" rating and set a $181.00 price objective for the company. in a research note on Friday. Oppenheimer boosted their price objective on shares of Alphabet from $172.00 to $185.00 and gave the stock an "outperform" rating in a research note on Monday, April 8th. Morgan Stanley restated an "overweight" rating and issued a $165.00 price objective on shares of Alphabet in a research note on Thursday, April 11th. Finally, Stifel Nicolaus boosted their price objective on shares of Alphabet from $154.00 to $174.00 and gave the stock a "buy" rating in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $167.86.

Alphabet Price Performance

Shares of GOOG traded down $3.44 during trading hours on Friday, hitting $183.42. The stock had a trading volume of 23,020,275 shares, compared to its average volume of 21,313,381. The company's fifty day moving average is $174.40 and its two-hundred day moving average is $155.53. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.15. Alphabet Inc. has a 52 week low of $115.83 and a 52 week high of $187.50. The stock has a market capitalization of $2.27 trillion, a price-to-earnings ratio of 28.13, a P/E/G ratio of 1.39 and a beta of 1.01.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share 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 business had revenue of $80.54 billion for the quarter, compared to analyst estimates of $78.75 billion. During the same quarter in the prior year, the firm earned $1.17 EPS. The firm's quarterly revenue was up 15.4% compared to the same quarter last year. On average, analysts anticipate that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Announces Dividend

The business also recently disclosed a -- dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 10th. Alphabet's dividend payout ratio is currently 12.27%.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O'toole sold 682 shares of the company's stock in a transaction dated Tuesday, April 2nd. The shares were 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 in the company, valued at approximately $4,532,870.36. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Alphabet news, Director John L. Hennessy sold 1,500 shares of the company's stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $177.92, for a total transaction of $266,880.00. Following the transaction, the director now directly owns 3,727 shares in the company, valued at approximately $663,107.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Amie Thuener O'toole sold 682 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $154.79, for a total transaction of $105,566.78. Following the completion of the sale, the chief accounting officer now owns 29,284 shares in the company, valued at $4,532,870.36. The disclosure for this sale can be found here. Insiders have sold a total of 146,284 shares of company stock valued at $24,534,393 in the last 90 days. 12.99% of the stock is currently owned by insiders.

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.

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