Oak Family Advisors LLC Sells 5,296 Shares of Alphabet Inc. (NASDAQ:GOOG)

Oak Family Advisors LLC reduced its holdings in shares of Alphabet Inc. (NASDAQ:GOOGFree Report) by 23.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,595 shares of the information services provider’s stock after selling 5,296 shares during the quarter. Oak Family Advisors LLC’s holdings in Alphabet were worth $2,679,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in GOOG. Norges Bank bought a new stake in Alphabet in the 4th quarter valued at $4,101,040,000. JPMorgan Chase & Co. boosted its stake in Alphabet by 11.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 95,941,129 shares of the information services provider’s stock valued at $12,649,838,000 after purchasing an additional 9,703,425 shares during the period. International Assets Investment Management LLC bought a new stake in Alphabet in the 4th quarter valued at $11,600,970,000. FMR LLC boosted its stake in Alphabet by 3.8% in the 3rd quarter. FMR LLC now owns 120,234,117 shares of the information services provider’s stock valued at $15,852,868,000 after purchasing an additional 4,348,188 shares during the period. Finally, Cerity Partners LLC boosted its stake in Alphabet by 198.7% in the 4th quarter. Cerity Partners LLC now owns 3,882,882 shares of the information services provider’s stock valued at $547,215,000 after purchasing an additional 2,583,128 shares during the period. 27.26% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total value of $2,985,750.00. Following the completion of the transaction, the chief executive officer now owns 2,332,691 shares of the company’s stock, valued at approximately $309,548,095.70. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total value of $2,985,750.00. Following the completion of the transaction, the chief executive officer now owns 2,332,691 shares of the company’s stock, valued at approximately $309,548,095.70. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John L. Hennessy sold 1,500 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $168.08, for a total value of $252,120.00. Following the completion of the sale, the director now owns 4,391 shares in the company, valued at approximately $738,039.28. The disclosure for this sale can be found here. Insiders sold a total of 228,435 shares of company stock valued at $34,398,287 in the last 90 days. Corporate insiders own 12.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GOOG. Susquehanna boosted their price target on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. Raymond James lifted their price objective on Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Morgan Stanley reaffirmed an “overweight” rating and issued a $165.00 price objective on shares of Alphabet in a report on Thursday, April 11th. Oppenheimer lifted their price objective on Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Finally, Stifel Nicolaus lifted their price objective on Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $165.67.

Check Out Our Latest Stock Report on GOOG

Alphabet Price Performance

Shares of Alphabet stock traded up $1.08 during trading on Tuesday, reaching $179.54. 14,699,066 shares of the company’s stock were exchanged, compared to its average volume of 22,156,553. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15. Alphabet Inc. has a 1-year low of $115.83 and a 1-year high of $179.95. The company has a market cap of $2.22 trillion, a P/E ratio of 27.54, a PEG ratio of 1.32 and a beta of 1.02. The firm’s 50-day moving average price is $160.23 and its 200 day moving average price is $147.39.

Alphabet (NASDAQ:GOOGGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.38. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The company had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $78.75 billion. During the same quarter in the previous year, the firm earned $1.17 EPS. Alphabet’s revenue was up 15.4% on a year-over-year basis. As a group, research analysts anticipate that Alphabet Inc. will post 7.7 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently announced a — dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 10th.

About Alphabet

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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