Central Valley Advisors LLC Has $2.90 Million Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Central Valley Advisors LLC decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 7.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,772 shares of the information services provider’s stock after selling 1,589 shares during the period. Alphabet accounts for approximately 1.1% of Central Valley Advisors LLC’s portfolio, making the stock its 28th biggest position. Central Valley Advisors LLC’s holdings in Alphabet were worth $2,903,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of GOOGL. Compass Planning Associates Inc acquired a new stake in Alphabet during the fourth quarter valued at $30,000. PayPay Securities Corp boosted its position in Alphabet by 36.1% during the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock valued at $46,000 after purchasing an additional 65 shares during the last quarter. Anderson Financial Strategies LLC acquired a new stake in Alphabet during the fourth quarter valued at $49,000. Navigoe LLC bought a new stake in shares of Alphabet during the 4th quarter worth about $51,000. Finally, Prudent Man Investment Management Inc. bought a new stake in shares of Alphabet during the 4th quarter worth about $53,000. 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 673 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total value of $104,537.09. Following the sale, the chief accounting officer now directly owns 15,303 shares in the company, valued at approximately $2,377,014.99. This represents a 4.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $168.71, for a total value of $5,483,075.00. Following the completion of the sale, the chief executive officer now owns 2,587,696 shares in the company, valued at approximately $436,570,192.16. This represents a 1.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 195,770 shares of company stock valued at $32,036,638 in the last quarter. Corporate insiders own 11.64% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Mizuho decreased their price target on Alphabet from $230.00 to $205.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. DA Davidson decreased their price target on Alphabet from $200.00 to $160.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Cantor Fitzgerald decreased their price target on Alphabet from $200.00 to $159.00 and set a “neutral” rating for the company in a research note on Wednesday, April 16th. Wells Fargo & Company upped their price target on Alphabet from $167.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Friday, April 25th. Finally, Bank of America upped their price target on Alphabet from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, April 25th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and an average price target of $199.75.

Alphabet Trading Up 1.4%

Alphabet stock opened at $178.60 on Wednesday. The business has a 50 day moving average price of $161.08 and a two-hundred day moving average price of $174.49. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The stock has a market cap of $2.17 trillion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $207.05.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating the consensus estimate of $2.02 by $0.79. The firm had revenue of $76.49 billion during the quarter, compared to analysts’ expectations of $89.30 billion. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. During the same quarter in the prior year, the firm posted $1.89 EPS. As a group, equities analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be issued a $0.21 dividend. This is a boost from Alphabet’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.84 annualized dividend and a yield of 0.47%. Alphabet’s dividend payout ratio is 9.36%.

Alphabet Company 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.