CYBER HORNET ETFs LLC Has $2.42 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

CYBER HORNET ETFs LLC reduced its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,651 shares of the information services provider’s stock after selling 174 shares during the period. Alphabet accounts for approximately 2.5% of CYBER HORNET ETFs LLC’s holdings, making the stock its 7th biggest position. CYBER HORNET ETFs LLC’s holdings in Alphabet were worth $2,420,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Macroview Investment Management LLC boosted its stake in Alphabet by 4.2% during the 4th quarter. Macroview Investment Management LLC now owns 1,293 shares of the information services provider’s stock worth $245,000 after acquiring an additional 52 shares during the last quarter. Addison Advisors LLC lifted its stake in Alphabet by 0.7% in the fourth quarter. Addison Advisors LLC now owns 7,527 shares of the information services provider’s stock valued at $1,425,000 after buying an additional 53 shares in the last quarter. Burt Wealth Advisors lifted its stake in Alphabet by 1.0% in the fourth quarter. Burt Wealth Advisors now owns 5,307 shares of the information services provider’s stock valued at $1,005,000 after buying an additional 54 shares in the last quarter. Perritt Capital Management Inc lifted its stake in Alphabet by 10.4% in the fourth quarter. Perritt Capital Management Inc now owns 618 shares of the information services provider’s stock valued at $117,000 after buying an additional 58 shares in the last quarter. Finally, Nia Impact Advisors LLC lifted its stake in Alphabet by 0.3% in the fourth quarter. Nia Impact Advisors LLC now owns 17,161 shares of the information services provider’s stock valued at $3,249,000 after buying an additional 59 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Alphabet Stock Up 2.3%

Alphabet stock opened at $170.68 on Thursday. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.03. The firm’s fifty day moving average price is $165.45 and its two-hundred day moving average price is $174.58. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $207.05. The firm has a market capitalization of $2.07 trillion, a price-to-earnings ratio of 19.03, a price-to-earnings-growth ratio of 1.06 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, beating the consensus estimate 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 $76.49 billion for the quarter, compared to analysts’ expectations of $89.30 billion. During the same period in the prior year, the business posted $1.89 earnings per share. On average, equities research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 9th were paid a $0.21 dividend. This is an increase from Alphabet’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date was Monday, June 9th. Alphabet’s dividend payout ratio (DPR) is currently 9.36%.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 673 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total transaction of $104,537.09. Following the transaction, the chief accounting officer now directly owns 15,303 shares in the company, valued at $2,377,014.99. This trade represents a 4.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $161.90, for a total transaction of $32,380.00. Following the completion of the transaction, the director now owns 7,613 shares in the company, valued at $1,232,544.70. This represents a 2.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 216,306 shares of company stock valued at $35,782,927 over the last three months. 11.64% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on GOOGL shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $200.00 price objective on shares of Alphabet in a report on Wednesday, April 23rd. Bank of America boosted their target price on shares of Alphabet from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, April 25th. DA Davidson lowered their target price on shares of Alphabet from $200.00 to $160.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Needham & Company LLC restated a “buy” rating and set a $178.00 target price on shares of Alphabet in a report on Friday, April 25th. Finally, Jefferies Financial Group lowered their target price on shares of Alphabet from $235.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Ten analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and an average price target of $200.17.

Alphabet 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.