Alphabet Inc. $GOOGL Shares Sold by RAM Investment Partners LLC

RAM Investment Partners LLC lessened its position in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 24.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,561 shares of the information services provider’s stock after selling 2,435 shares during the period. Alphabet makes up 0.4% of RAM Investment Partners LLC’s investment portfolio, making the stock its 24th largest holding. RAM Investment Partners LLC’s holdings in Alphabet were worth $2,366,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in GOOGL. Norges Bank acquired a new stake in shares of Alphabet in the 4th quarter worth $30,534,239,000. Berkshire Hathaway Inc acquired a new stake in shares of Alphabet in the 3rd quarter worth $4,338,397,000. Vanguard Group Inc. lifted its stake in shares of Alphabet by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider’s stock worth $165,567,398,000 after acquiring an additional 12,531,695 shares during the period. Capital World Investors lifted its stake in shares of Alphabet by 28.0% in the 3rd quarter. Capital World Investors now owns 53,107,572 shares of the information services provider’s stock worth $12,910,542,000 after acquiring an additional 11,605,785 shares during the period. Finally, Capital Research Global Investors lifted its stake in shares of Alphabet by 15.7% in the 3rd quarter. Capital Research Global Investors now owns 50,732,476 shares of the information services provider’s stock worth $12,333,076,000 after acquiring an additional 6,874,381 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 617 shares of Alphabet stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total transaction of $178,701.71. Following the completion of the sale, the chief accounting officer directly owned 10,093 shares in the company, valued at $2,923,235.59. The trade was a 5.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frances Arnold sold 102 shares of Alphabet stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $381.00, for a total transaction of $38,862.00. Following the sale, the director owned 18,721 shares of the company’s stock, valued at approximately $7,132,701. This trade represents a 0.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 193,016 shares of company stock valued at $17,282,549. Corporate insiders own 11.61% of the company’s stock.

Trending Headlines about Alphabet

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Wall Street Analysts Forecast Growth

Several brokerages recently commented on GOOGL. New Street Research raised their price objective on shares of Alphabet from $450.00 to $455.00 and gave the company a “buy” rating in a research note on Friday, June 5th. Dbs Bank raised their price objective on shares of Alphabet from $400.00 to $460.00 in a research note on Thursday, May 7th. KeyCorp reiterated an “overweight” rating and issued a $425.00 price objective on shares of Alphabet in a research note on Wednesday, May 20th. Canaccord Genuity Group raised their price objective on shares of Alphabet from $415.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, China Renaissance raised their price objective on shares of Alphabet from $400.00 to $485.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $413.13.

View Our Latest Research Report on GOOGL

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $357.77 on Friday. The company has a market cap of $4.33 trillion, a PE ratio of 27.29, a price-to-earnings-growth ratio of 1.52 and a beta of 1.23. Alphabet Inc. has a 12 month low of $162.00 and a 12 month high of $408.61. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The company has a 50-day simple moving average of $359.21 and a 200-day simple moving average of $330.05.

Alphabet (NASDAQ:GOOGLGet Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping analysts’ consensus estimates of $2.64 by $2.47. The business had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. On average, equities analysts anticipate that Alphabet Inc. will post 14.3 earnings per share for the current year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. This is a boost from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 8th. Alphabet’s payout ratio is presently 6.71%.

Alphabet Company Profile

(Free Report)

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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