Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Buckley Wealth Management LLC

Buckley Wealth Management LLC decreased its position in Alphabet Inc. (NASDAQ:GOOG) by 10.8% during the 1st quarter, Holdings Channel reports. The fund owned 8,623 shares of the information services provider’s stock after selling 1,047 shares during the quarter. Buckley Wealth Management LLC’s holdings in Alphabet were worth $1,313,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Cypress Wealth Services LLC raised its holdings in Alphabet by 3.7% during the first quarter. Cypress Wealth Services LLC now owns 16,402 shares of the information services provider’s stock worth $2,497,000 after purchasing an additional 586 shares in the last quarter. Towerpoint Wealth LLC raised its holdings in Alphabet by 44.3% during the first quarter. Towerpoint Wealth LLC now owns 6,777 shares of the information services provider’s stock worth $1,032,000 after purchasing an additional 2,079 shares in the last quarter. Scharf Investments LLC increased its holdings in shares of Alphabet by 4.6% in the 1st quarter. Scharf Investments LLC now owns 18,266 shares of the information services provider’s stock valued at $2,781,000 after acquiring an additional 800 shares during the period. Shulman DeMeo Asset Management LLC increased its holdings in shares of Alphabet by 23.0% in the 1st quarter. Shulman DeMeo Asset Management LLC now owns 2,673 shares of the information services provider’s stock valued at $407,000 after acquiring an additional 500 shares during the period. Finally, Prairie Sky Financial Group LLC increased its holdings in shares of Alphabet by 0.9% in the 1st quarter. Prairie Sky Financial Group LLC now owns 30,391 shares of the information services provider’s stock valued at $4,627,000 after acquiring an additional 271 shares during the period. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Prabhakar Raghavan sold 3,258 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $155.97, for a total value of $508,150.26. Following the sale, the senior vice president now directly owns 144,685 shares in the company, valued at approximately $22,566,519.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $154.79, for a total value of $105,566.78. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Prabhakar Raghavan sold 3,258 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $155.97, for a total transaction of $508,150.26. Following the completion of the sale, the senior vice president now owns 144,685 shares in the company, valued at $22,566,519.45. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 146,284 shares of company stock worth $24,534,393. Corporate insiders own 12.99% of the company’s stock.

Analysts Set New Price Targets

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

Alphabet Stock Performance

NASDAQ:GOOG traded down $1.57 during midday trading on Friday, reaching $185.29. The stock had a trading volume of 8,089,655 shares, compared to its average volume of 21,190,682. The firm has a fifty day simple moving average of $173.26 and a two-hundred day simple moving average of $154.97. Alphabet Inc. has a 12-month low of $115.83 and a 12-month high of $187.50. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05. The stock has a market cap of $2.29 trillion, a P/E ratio of 28.46, a P/E/G ratio of 1.39 and a beta of 1.01.

Alphabet (NASDAQ:GOOG) last issued 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. The company had revenue of $80.54 billion for the quarter, compared to analyst estimates of $78.75 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The business’s revenue was up 15.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.17 EPS. On average, equities analysts expect that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Announces Dividend

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

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.