Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Total Investment Management Inc.

Total Investment Management Inc. cut its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 16.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,484 shares of the information services provider’s stock after selling 282 shares during the quarter. Total Investment Management Inc.’s holdings in Alphabet were worth $226,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Waverly Advisors LLC boosted its stake in shares of Alphabet by 11.9% during the third quarter. Waverly Advisors LLC now owns 22,927 shares of the information services provider’s stock valued at $3,023,000 after acquiring an additional 2,433 shares during the last quarter. Gateway Advisory LLC boosted its stake in shares of Alphabet by 11.5% during the 3rd quarter. Gateway Advisory LLC now owns 40,074 shares of the information services provider’s stock worth $5,294,000 after purchasing an additional 4,131 shares during the last quarter. SRS Capital Advisors Inc. grew its holdings in shares of Alphabet by 51.1% during the third quarter. SRS Capital Advisors Inc. now owns 11,972 shares of the information services provider’s stock worth $1,579,000 after buying an additional 4,049 shares in the last quarter. Becker Capital Management Inc. raised its position in shares of Alphabet by 1.8% in the third quarter. Becker Capital Management Inc. now owns 39,385 shares of the information services provider’s stock valued at $5,193,000 after buying an additional 697 shares during the last quarter. Finally, Truist Financial Corp lifted its stake in shares of Alphabet by 9.7% during the third quarter. Truist Financial Corp now owns 4,529,983 shares of the information services provider’s stock valued at $597,278,000 after buying an additional 401,501 shares during the period. 27.26% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Amie Thuener O’toole sold 682 shares of the company’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 completion of the transaction, the chief accounting officer now directly owns 29,284 shares in the company, valued at approximately $4,532,870.36. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Alphabet 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 transaction of $105,566.78. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $177.40, for a total transaction of $3,991,500.00. Following the completion of the sale, the chief executive officer now owns 2,213,011 shares in the company, valued at approximately $392,588,151.40. The disclosure for this sale can be found here. Insiders have sold 146,284 shares of company stock valued at $24,534,393 over the last quarter. Insiders own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on GOOG shares. Rosenblatt Securities lowered Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price target on the stock. in a research note on Friday. Oppenheimer boosted 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. Morgan Stanley reaffirmed an “overweight” rating and set a $165.00 price target on shares of Alphabet in a research note on Thursday, April 11th. Finally, Stifel Nicolaus lifted their price target on shares of Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $167.86.

Alphabet Stock Down 1.8 %

NASDAQ GOOG traded down $3.44 during trading hours on Friday, reaching $183.42. 23,032,362 shares of the company traded hands, compared to its average volume of 17,822,788. The stock has a market capitalization of $2.27 trillion, a PE ratio of 28.13, a PEG ratio of 1.40 and a beta of 1.01. 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 12 month low of $115.83 and a 12 month high of $187.50. The company has a 50 day moving average of $174.40 and a two-hundred day moving average of $155.53.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.38. The firm had revenue of $80.54 billion for the quarter, compared to analysts’ expectations of $78.75 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. Alphabet’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.17 earnings per share. As a group, equities analysts expect that Alphabet Inc. will post 7.6 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently announced a — dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, June 10th. Alphabet’s dividend 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.