Intrinsic Value Partners LLC Has $4.23 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Intrinsic Value Partners LLC reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.5% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 28,055 shares of the information services provider’s stock after selling 155 shares during the period. Alphabet comprises approximately 4.5% of Intrinsic Value Partners LLC’s portfolio, making the stock its 5th biggest position. Intrinsic Value Partners LLC’s holdings in Alphabet were worth $4,234,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GOOGL. M. Kraus & Co boosted its holdings in Alphabet by 1.1% in the 1st quarter. M. Kraus & Co now owns 6,267 shares of the information services provider’s stock worth $946,000 after buying an additional 66 shares during the period. Wynn Capital LLC boosted its holdings in Alphabet by 3.9% in the 1st quarter. Wynn Capital LLC now owns 1,767 shares of the information services provider’s stock worth $267,000 after buying an additional 67 shares during the period. Aire Advisors LLC boosted its holdings in shares of Alphabet by 0.6% during the 4th quarter. Aire Advisors LLC now owns 11,772 shares of the information services provider’s stock valued at $1,645,000 after purchasing an additional 68 shares during the last quarter. Henrickson Nauta Wealth Advisors Inc. boosted its holdings in shares of Alphabet by 2.1% during the 1st quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,274 shares of the information services provider’s stock valued at $511,000 after purchasing an additional 68 shares during the last quarter. Finally, Penbrook Management LLC boosted its holdings in shares of Alphabet by 0.3% during the 1st quarter. Penbrook Management LLC now owns 23,170 shares of the information services provider’s stock valued at $3,497,000 after purchasing an additional 70 shares during the last quarter. 40.03% of the stock is owned by institutional investors.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 660 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total transaction of $94,769.40. Following the transaction, the chief accounting officer now owns 27,920 shares in the company, valued at $4,009,032.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CAO Amie Thuener O’toole sold 660 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total transaction of $94,769.40. Following the transaction, the chief accounting officer now owns 27,920 shares in the company, valued at $4,009,032.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $146.29, for a total value of $3,291,525.00. Following the transaction, the chief executive officer now owns 2,377,691 shares in the company, valued at approximately $347,832,416.39. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 253,289 shares of company stock worth $36,724,534. Company insiders own 0.88% of the company’s stock.

Alphabet Trading Down 2.0 %

GOOGL stock traded down $3.37 during midday trading on Tuesday, reaching $162.78. The company’s stock had a trading volume of 33,503,634 shares, compared to its average volume of 30,866,035. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.15. The stock has a fifty day simple moving average of $148.80 and a two-hundred day simple moving average of $141.79. Alphabet Inc. has a 1 year low of $103.71 and a 1 year high of $174.71. The firm has a market capitalization of $2.02 trillion, a price-to-earnings ratio of 24.97, a PEG ratio of 1.57 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The business had revenue of $80.54 billion for the quarter, compared to analyst estimates of $66.04 billion. During the same quarter last year, the firm posted $1.17 earnings per share. On average, equities research analysts predict that Alphabet Inc. will post 6.82 EPS for the current year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.49%.

Analysts Set New Price Targets

Several research firms have commented on GOOGL. BMO Capital Markets increased their price objective on shares of Alphabet from $185.00 to $215.00 and gave the company an “outperform” rating in a report on Friday. Robert W. Baird increased their price objective on shares of Alphabet from $160.00 to $200.00 and gave the company an “outperform” rating in a report on Friday. Needham & Company LLC increased their price objective on shares of Alphabet from $160.00 to $210.00 and gave the company a “buy” rating in a report on Friday. Wells Fargo & Company increased their price objective on shares of Alphabet from $141.00 to $168.00 and gave the company an “equal weight” rating in a report on Friday. Finally, Stifel Nicolaus increased their price objective on shares of Alphabet from $174.00 to $196.00 and gave the company a “buy” rating in a report on Friday. Five research analysts have rated the stock with a hold rating, thirty have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $189.74.

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.