Ycg LLC Has $63.33 Million Stake in Alphabet Inc. (NASDAQ:GOOG)

Ycg LLC lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 5.7% in the first quarter, HoldingsChannel.com reports. The firm owned 405,964 shares of the information services provider’s stock after selling 24,676 shares during the period. Alphabet comprises 5.0% of Ycg LLC’s holdings, making the stock its 6th largest position. Ycg LLC’s holdings in Alphabet were worth $63,328,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Woodward Diversified Capital LLC raised its position in shares of Alphabet by 0.7% in the 1st quarter. Woodward Diversified Capital LLC now owns 8,609 shares of the information services provider’s stock valued at $1,311,000 after buying an additional 62 shares in the last quarter. Intergy Private Wealth LLC grew its holdings in Alphabet by 1.9% in the first quarter. Intergy Private Wealth LLC now owns 3,393 shares of the information services provider’s stock worth $517,000 after purchasing an additional 63 shares during the period. Smith Anglin Financial LLC grew its holdings in Alphabet by 2.0% in the first quarter. Smith Anglin Financial LLC now owns 3,223 shares of the information services provider’s stock worth $491,000 after purchasing an additional 64 shares during the period. Biechele Royce Advisors grew its holdings in shares of Alphabet by 3.0% during the first quarter. Biechele Royce Advisors now owns 2,260 shares of the information services provider’s stock valued at $345,000 after buying an additional 65 shares during the last quarter. Finally, Fiduciary Alliance LLC grew its holdings in shares of Alphabet by 1.4% during the first quarter. Fiduciary Alliance LLC now owns 4,867 shares of the information services provider’s stock valued at $762,000 after buying an additional 67 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on GOOG. TD Cowen raised their price target on shares of Alphabet from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday. Morgan Stanley reissued an “overweight” rating and issued a $165.00 price target on shares of Alphabet in a research report on Thursday, April 11th. Stifel Nicolaus boosted their price objective on shares of Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Oppenheimer boosted their price target on shares of Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Finally, Rosenblatt Securities cut shares of Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price objective for the company. in a research note on Friday, June 28th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and an average target price of $174.38.

Insider Buying and Selling

In other news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $186.74, for a total transaction of $4,201,650.00. Following the completion of the sale, the chief executive officer now owns 2,227,385 shares in the company, valued at $415,941,874.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $186.74, for a total value of $4,201,650.00. Following the sale, the chief executive officer now directly owns 2,227,385 shares in the company, valued at $415,941,874.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $166.67, for a total value of $113,668.94. Following the transaction, the chief accounting officer now owns 29,284 shares in the company, valued at $4,880,764.28. The disclosure for this sale can be found here. Insiders sold a total of 145,488 shares of company stock worth $25,217,405 over the last 90 days. 12.99% of the stock is owned by insiders.

Alphabet Stock Performance

Alphabet stock traded down $0.52 during mid-day trading on Friday, hitting $186.78. The company had a trading volume of 14,432,879 shares, compared to its average volume of 20,708,404. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $2.31 trillion, a price-to-earnings ratio of 28.86, a P/E/G ratio of 1.45 and a beta of 1.05. The company’s fifty day moving average is $178.83 and its 200-day moving average is $158.76. Alphabet Inc. has a 12-month low of $118.68 and a 12-month high of $193.31.

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

Alphabet Dividend Announcement

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

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.