ST Germain D J Co. Inc. Sells 5,750 Shares of Alphabet Inc. (NASDAQ:GOOGL)

ST Germain D J Co. Inc. lowered its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 441,655 shares of the information services provider's stock after selling 5,750 shares during the quarter. Alphabet comprises approximately 3.3% of ST Germain D J Co. Inc.'s investment portfolio, making the stock its 4th largest holding. ST Germain D J Co. Inc.'s holdings in Alphabet were worth $66,659,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of GOOGL. RWQ Financial Management Services Inc. boosted its holdings in Alphabet by 8.2% during the 4th quarter. RWQ Financial Management Services Inc. now owns 61,499 shares of the information services provider's stock worth $8,591,000 after acquiring an additional 4,664 shares during the last quarter. Picton Mahoney Asset Management boosted its holdings in Alphabet by 55.4% during the 4th quarter. Picton Mahoney Asset Management now owns 214,443 shares of the information services provider's stock worth $29,956,000 after acquiring an additional 76,410 shares during the last quarter. Robbins Farley boosted its holdings in Alphabet by 0.8% during the 4th quarter. Robbins Farley now owns 15,006 shares of the information services provider's stock worth $2,096,000 after acquiring an additional 118 shares during the last quarter. Nebula Research & Development LLC purchased a new position in Alphabet during the 4th quarter worth $787,000. Finally, Quantum Financial Advisors LLC boosted its holdings in Alphabet by 8.0% during the 3rd quarter. Quantum Financial Advisors LLC now owns 7,623 shares of the information services provider's stock worth $998,000 after acquiring an additional 564 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet Trading Down 1.2 %

GOOGL stock traded down $2.15 during midday trading on Tuesday, hitting $175.09. The company had a trading volume of 21,533,750 shares, compared to its average volume of 28,866,031. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 52 week low of $115.35 and a 52 week high of $180.41. The stock's 50 day moving average price is $168.90 and its 200 day moving average price is $151.73. The stock has a market cap of $2.16 trillion, a price-to-earnings ratio of 26.85, a PEG ratio of 1.33 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.40. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The firm had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $66.04 billion. During the same quarter in the previous year, the company posted $1.17 earnings per share. As a group, equities research analysts expect that Alphabet Inc. will post 7.6 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly 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. This represents a $0.80 annualized dividend and a yield of 0.46%. Alphabet's payout ratio is currently 12.27%.

Analysts Set New Price Targets

GOOGL has been the topic of a number of analyst reports. Evercore ISI lifted their price objective on shares of Alphabet from $220.00 to $225.00 and gave the stock an "outperform" rating in a report on Tuesday, June 11th. Oppenheimer lifted their target price on Alphabet from $185.00 to $205.00 and gave the stock an "outperform" rating in a research note on Friday, April 26th. Wells Fargo & Company lifted their target price on Alphabet from $141.00 to $168.00 and gave the stock an "equal weight" rating in a research note on Friday, April 26th. TD Cowen lifted their target price on Alphabet from $170.00 to $200.00 and gave the stock a "buy" rating in a research note on Friday, April 26th. Finally, Barclays lifted their target price on Alphabet from $173.00 to $200.00 and gave the stock an "overweight" rating in a research note on Friday, April 26th. Five analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Alphabet currently has a consensus rating of "Moderate Buy" and an average price target of $193.26.

Insider Buying and Selling at Alphabet

In related news, CAO Amie Thuener O'toole sold 682 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now owns 29,284 shares in the company, valued at $4,532,870.36. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CAO Amie Thuener O'toole sold 682 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now owns 29,284 shares in the company, valued at $4,532,870.36. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the company's stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $148.78, for a total value of $3,347,550.00. Following the transaction, the chief executive officer now owns 2,310,191 shares of the company's stock, valued at approximately $343,710,216.98. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 158,458 shares of company stock worth $25,731,103. 11.55% of the stock is currently owned by insiders.

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.