Matauro LLC Has $1.08 Million Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Matauro LLC lifted its stake in Alphabet Inc. (NASDAQ:GOOG) by 1.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,899 shares of the information services provider’s stock after acquiring an additional 122 shares during the period. Matauro LLC’s holdings in Alphabet were worth $1,078,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. LSV Asset Management bought a new position in Alphabet in the fourth quarter worth $27,000. Principia Wealth Advisory LLC lifted its position in Alphabet by 111.8% in the first quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider’s stock worth $26,000 after purchasing an additional 85 shares during the period. WealthTrak Capital Management LLC bought a new position in shares of Alphabet during the fourth quarter valued at $38,000. Mountain Hill Investment Partners Corp. bought a new position in shares of Alphabet during the fourth quarter valued at $39,000. Finally, Noble Wealth Management PBC bought a new position in shares of Alphabet during the fourth quarter valued at $43,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Transactions at Alphabet

In other Alphabet news, insider John Kent Walker sold 11,764 shares of the stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $166.84, for a total transaction of $1,962,705.76. Following the completion of the transaction, the insider now owns 49,037 shares of the company’s stock, valued at $8,181,333.08. This represents a 19.35% decrease in their position. 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 32,500 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 2,717,696 shares of the company’s stock, valued at $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 195,570 shares of company stock worth $32,003,532 in the last three months. Corporate insiders own 12.99% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Alphabet from $180.00 to $195.00 and gave the company an “overweight” rating in a report on Friday, April 25th. Oppenheimer lifted their price target on Alphabet from $185.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, April 25th. Scotiabank cut their price target on Alphabet from $232.00 to $200.00 and set a “sector outperform” rating for the company in a report on Monday, April 21st. Westpark Capital reaffirmed a “buy” rating and issued a $210.00 price target on shares of Alphabet in a report on Friday, April 25th. Finally, Susquehanna reaffirmed a “positive” rating on shares of Alphabet in a report on Friday, May 2nd. Three analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and five have assigned a strong buy rating to the stock. According to data from MarketBeat, Alphabet has an average rating of “Moderate Buy” and an average price target of $204.88.

Alphabet Stock Down 0.6%

Shares of NASDAQ:GOOG opened at $175.88 on Friday. The stock has a market capitalization of $2.13 trillion, a price-to-earnings ratio of 21.85, a PEG ratio of 1.34 and a beta of 1.01. The stock has a fifty day simple moving average of $164.57 and a two-hundred day simple moving average of $176.30. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $208.70. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.79. The business had revenue of $90.23 billion during the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.89 EPS. On average, research analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current fiscal 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 paid a dividend of $0.21 per share. This is an increase from Alphabet’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend is Monday, June 9th. Alphabet’s payout ratio is currently 9.36%.

Alphabet 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.