Hofer and Associates. Inc buys 257 shares of Alphabet Inc. (NASDAQ:GOOGL)

Hofer and Associates. Inc increased its position in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 6.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,503 shares of the information services provider’s stock after acquiring an additional 257 shares during the period. Alphabet comprises about 0.6% of Hofer & Associates. Inc. Portfolio, making the stock its 29th largest holding. Hofer and Associates. Holdings Inc. holdings in Alphabet were worth $820,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of GOOGL. Tributary Capital Management LLC purchased a new stake in shares of Alphabet in the first quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Alphabet during the fourth quarter valued at $30,000. DiNuzzo Private Wealth Inc. bought a new position in shares of Alphabet in the fourth quarter valued at $38,000. CarsonAllaria Wealth Management Ltd. boosted its position in shares of Alphabet by 59.2% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 293 shares of the information services provider’s stock valued at $44,000 after purchasing an additional 109 shares in the last quarter. Finally, Richardson Capital Management LLC raised its stake in shares of Alphabet by 87.5% in the first quarter. Richardson Capital Management LLC now owns 300 shares of the information services provider’s stock valued at $45,000 after buying an additional 140 shares during the period. 40.03% of shares are held by institutional investors.

Insider trading at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $167.66, for a total transaction of $3,772,350.00. Following the completion of the transaction, the chief executive officer now owns 2,159,885 shares of the company’s stock, valued at approximately $362,126,319.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. In other news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $167.66, for a total transaction of $3,772,350.00. Following the transaction, the chief executive officer now directly owns 2,159,885 shares of the company’s stock, valued at $362,126,319.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this link. Also, SVP Prabhakar Raghavan sold 34,257 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $162.60, for a total value of $5,570,188.20. Following the completion of the sale, the senior vice president now directly owns 312,210 shares of the company’s stock, valued at approximately $50,765,346. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 156,565 shares of company stock worth $26,823,893. Company insiders own 11.55% of the company’s shares.

Alphabet stock fell 1.2%

GOOGL opened at $163.80 on Friday. The company has a market cap of $2.02 trillion, a P/E ratio of 25.12, a P/E/G ratio of 1.28 and a beta of 1.05. Alphabet Inc. it has a 12-month low of $120.21 and a 12-month high of $191.75. The company’s 50-day moving average price is $174.96 and its 200-day moving average price is $162.89. The company has a current ratio of 2.08, a quick ratio of 2.08, and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOGL – Get Free Report ) last announced its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.04. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The firm had revenue of $84.74 billion during the quarter, compared to the consensus estimate of $70.60 billion. In the same quarter last year, the company posted earnings per share of $1.44. On average, equities analysts expect that Alphabet Inc. to post 7.62 EPS for the current year.

Alphabetical announcement of dividends

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Monday, September 9th will be paid a dividend of $0.20 per share. This represents an annualized dividend of $0.80 and a dividend yield of 0.49%. The ex-dividend date is Monday, September 9. Alphabet’s dividend payout ratio (DPR) is 12.27%.

Analyst upgrades and downgrades

Several research analysts have commented on GOOGL shares. Susquehanna upped their target price on Alphabet from $170.00 to $225.00 and gave the stock a “positive” rating in a research note on Monday, April 29th. Guggenheim upped their price objective on shares of Alphabet from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Wells Fargo & Company upped their target price on shares of Alphabet from $187.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Jefferies Financial Group boosted their target price on shares of Alphabet from $215.00 to $220.00 in a report on Tuesday, July 9th. Finally, Sanford C. Bernstein upped their target price on shares of Alphabet from $165.00 to $180.00 and gave the stock a “market perform” rating in a report on Friday, April 26th . Six investment analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Moderate Buy” and a consensus price target of $203.74, according to MarketBeat.com.

Get the latest analysis on GOOGL

About Alphabet

(Free report)

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, Asia-Pacific, Canada and Latin America. It works through Google services, Google Cloud and other betting segments. The Google Services segment offers products and services, including advertising, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search and YouTube.

Featured stories

Want to see what other hedge funds own GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Alphabet Inc. (NASDAQ:GOOGL – Free Report).

Get news and reviews for Alphabet Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Alphabet and related companies with MarketBeat.com’s FREE daily email newsletter.