Integrated Advisors Network LLC Has $18.16 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

Integrated Advisors Network LLC trimmed its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 12.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 117,447 shares of the information services provider’s stock after selling 16,630 shares during the period. Alphabet accounts for about 0.9% of Integrated Advisors Network LLC’s portfolio, making the stock its 15th biggest holding. Integrated Advisors Network LLC’s holdings in Alphabet were worth $18,162,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Macroview Investment Management LLC lifted its position in Alphabet by 4.2% during the fourth quarter. Macroview Investment Management LLC now owns 1,293 shares of the information services provider’s stock valued at $245,000 after purchasing an additional 52 shares during the period. Cornerstone Planning Group LLC lifted its position in Alphabet by 2.3% during the fourth quarter. Cornerstone Planning Group LLC now owns 2,381 shares of the information services provider’s stock valued at $457,000 after purchasing an additional 53 shares during the period. Addison Advisors LLC lifted its position in Alphabet by 0.7% during the fourth quarter. Addison Advisors LLC now owns 7,527 shares of the information services provider’s stock valued at $1,425,000 after purchasing an additional 53 shares during the period. Burt Wealth Advisors lifted its position in Alphabet by 1.0% during the fourth quarter. Burt Wealth Advisors now owns 5,307 shares of the information services provider’s stock valued at $1,005,000 after purchasing an additional 54 shares during the period. Finally, Perritt Capital Management Inc lifted its position in Alphabet by 10.4% during the fourth quarter. Perritt Capital Management Inc now owns 618 shares of the information services provider’s stock valued at $117,000 after purchasing an additional 58 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director John L. Hennessy sold 200 shares of the stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $161.90, for a total value of $32,380.00. Following the completion of the sale, the director now owns 7,613 shares of the company’s stock, valued at $1,232,544.70. This represents a 2.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the completion of the sale, the chief executive officer now directly owns 2,717,696 shares of the company’s stock, valued at approximately $430,917,877.76. This trade represents a 1.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 195,570 shares of company stock valued at $32,003,532 in the last 90 days. Company insiders own 11.64% of the company’s stock.

Alphabet Stock Down 0.7%

Shares of NASDAQ GOOGL opened at $177.35 on Thursday. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $207.05. The stock has a market cap of $2.15 trillion, a PE ratio of 22.03, a P/E/G ratio of 1.34 and a beta of 1.01. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average of $161.71 and a 200 day moving average of $174.51.

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

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be paid 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 dividend yield of 0.47%. Alphabet’s dividend payout ratio is 9.36%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Mizuho decreased their target price on shares of Alphabet from $230.00 to $205.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Susquehanna decreased their target price on shares of Alphabet from $225.00 to $220.00 and set a “positive” rating for the company in a research report on Friday, April 25th. Wedbush set a $190.00 target price on shares of Alphabet and gave the company an “outperform” rating in a research report on Tuesday, April 15th. JMP Securities reiterated a “market perform” rating on shares of Alphabet in a research report on Wednesday, May 21st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $178.00 price objective on shares of Alphabet in a research report on Friday, April 25th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $199.75.

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.