Colorado Capital Management Inc. Invests $1.40 Million in Alphabet Inc. (NASDAQ:GOOG)

Colorado Capital Management Inc. acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOG) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 9,191 shares of the information services provider’s stock, valued at approximately $1,399,000.

Other hedge funds also recently added to or reduced their stakes in the company. Cardinal Capital Management raised its stake in Alphabet by 3.0% during the first quarter. Cardinal Capital Management now owns 14,745 shares of the information services provider’s stock valued at $2,245,000 after buying an additional 435 shares in the last quarter. Franklin Street Advisors Inc. NC raised its position in shares of Alphabet by 0.3% during the 1st quarter. Franklin Street Advisors Inc. NC now owns 353,701 shares of the information services provider’s stock valued at $53,855,000 after acquiring an additional 1,176 shares in the last quarter. Janiczek Wealth Management LLC lifted its stake in Alphabet by 2.2% during the first quarter. Janiczek Wealth Management LLC now owns 9,373 shares of the information services provider’s stock worth $1,427,000 after purchasing an additional 198 shares during the last quarter. Cumberland Advisors Inc. boosted its holdings in Alphabet by 0.8% in the first quarter. Cumberland Advisors Inc. now owns 20,150 shares of the information services provider’s stock worth $3,068,000 after purchasing an additional 150 shares during the period. Finally, Sage Investment Advisers LLC increased its stake in Alphabet by 11.5% during the first quarter. Sage Investment Advisers LLC now owns 8,141 shares of the information services provider’s stock valued at $1,240,000 after purchasing an additional 840 shares during the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on GOOG shares. Stifel Nicolaus raised their price target on shares of Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Morgan Stanley restated an “overweight” rating and issued a $165.00 target price on shares of Alphabet in a research note on Thursday, April 11th. Finally, Oppenheimer increased their price target on Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $165.67.

Alphabet Stock Performance

GOOG stock traded up $1.49 on Thursday, reaching $186.86. The company’s stock had a trading volume of 13,007,982 shares, compared to its average volume of 21,299,447. The firm has a fifty day moving average of $173.26 and a two-hundred day moving average of $154.97. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.15. The company has a market capitalization of $2.31 trillion, a P/E ratio of 28.64, a price-to-earnings-growth ratio of 1.39 and a beta of 1.01. Alphabet Inc. has a 52 week low of $115.83 and a 52 week high of $187.50.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.38. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The business had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $78.75 billion. During the same quarter in the prior year, the company posted $1.17 earnings per share. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. As a group, analysts predict that Alphabet Inc. will post 7.6 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a — dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, June 10th. Alphabet’s payout ratio is currently 12.27%.

Insider Activity

In other news, SVP Prabhakar Raghavan sold 3,258 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $155.97, for a total transaction of $508,150.26. Following the completion of the transaction, the senior vice president now owns 144,685 shares in the company, valued at approximately $22,566,519.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $154.79, for a total value of $105,566.78. Following the transaction, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at approximately $4,532,870.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Prabhakar Raghavan sold 3,258 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $155.97, for a total transaction of $508,150.26. Following the sale, the senior vice president now directly owns 144,685 shares of the company’s stock, valued at $22,566,519.45. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 146,284 shares of company stock worth $24,534,393. 12.99% of the stock is owned by company insiders.

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.