Davidson Kahn Capital Management LLC Buys 681 Shares of Alphabet Inc. (NASDAQ:GOOG)

Davidson Kahn Capital Management LLC increased its stake in Alphabet Inc. (NASDAQ:GOOG) by 40.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,379 shares of the information services provider’s stock after acquiring an additional 681 shares during the period. Davidson Kahn Capital Management LLC’s holdings in Alphabet were worth $372,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of GOOG. LSV Asset Management bought a new stake in Alphabet in the fourth quarter valued at approximately $27,000. Principia Wealth Advisory LLC raised its holdings in Alphabet by 111.8% during the 1st quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider’s stock valued at $26,000 after buying an additional 85 shares during the last quarter. WealthTrak Capital Management LLC purchased a new stake in Alphabet during the 4th quarter valued at $38,000. Mountain Hill Investment Partners Corp. bought a new stake in Alphabet in the 4th quarter worth $39,000. Finally, Noble Wealth Management PBC bought a new stake in Alphabet in the 4th quarter worth $43,000. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 673 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total transaction 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 trade represents a 4.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $176.68, for a total value of $5,742,100.00. Following the completion of the transaction, the chief executive officer now owns 2,555,196 shares of the company’s stock, valued at $451,452,029.28. This represents a 1.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 228,070 shares of company stock valued at $37,745,632 in the last quarter. 12.99% of the stock is owned by insiders.

Alphabet Trading Down 1.0%

NASDAQ:GOOG opened at $166.01 on Tuesday. The firm has a market capitalization of $2.01 trillion, a P/E ratio of 18.51, a PEG ratio of 1.18 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.77 and a quick ratio of 1.77. Alphabet Inc. has a one year low of $142.66 and a one year high of $208.70. The company’s 50-day simple moving average is $166.40 and its 200 day simple moving average is $176.33.

Alphabet (NASDAQ:GOOG) last issued its quarterly 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. Alphabet had a return on equity of 34.54% and a net margin of 30.86%. The firm had revenue of $90.23 billion for the quarter, compared to analysts’ expectations of $89.30 billion. During the same period in the previous year, the firm posted $1.89 EPS. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, analysts forecast that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 9th were paid a $0.21 dividend. This is a boost from Alphabet’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend was Monday, June 9th. Alphabet’s dividend payout ratio is currently 9.36%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GOOG. Tigress Financial reaffirmed a “strong-buy” rating on shares of Alphabet in a research note on Friday, May 2nd. UBS Group lowered their price target on Alphabet from $209.00 to $173.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. The Goldman Sachs Group reiterated a “buy” rating and issued a $220.00 price objective on shares of Alphabet in a research report on Monday, June 2nd. Oppenheimer boosted their target price on Alphabet from $185.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, April 25th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $171.00 price target on shares of Alphabet in a research note on Friday, April 25th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and five have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $204.88.

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.