Alphabet Inc. $GOOG Shares Sold by One Wealth Advisors LLC

One Wealth Advisors LLC cut its position in Alphabet Inc. (NASDAQ:GOOG) by 10.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,034 shares of the information services provider’s stock after selling 3,462 shares during the period. One Wealth Advisors LLC’s holdings in Alphabet were worth $5,328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Trivium Point Advisory LLC boosted its stake in Alphabet by 3.6% during the second quarter. Trivium Point Advisory LLC now owns 47,820 shares of the information services provider’s stock worth $8,483,000 after buying an additional 1,647 shares during the last quarter. Emerald Advisors LLC boosted its stake in Alphabet by 3.2% during the second quarter. Emerald Advisors LLC now owns 14,099 shares of the information services provider’s stock worth $2,501,000 after buying an additional 440 shares during the last quarter. Eagle Wealth Strategies LLC boosted its stake in Alphabet by 2.1% during the second quarter. Eagle Wealth Strategies LLC now owns 4,955 shares of the information services provider’s stock worth $879,000 after buying an additional 101 shares during the last quarter. Robbins Farley boosted its stake in Alphabet by 60.0% during the second quarter. Robbins Farley now owns 160 shares of the information services provider’s stock worth $28,000 after buying an additional 60 shares during the last quarter. Finally, Mainsail Financial Group LLC boosted its stake in Alphabet by 4.1% during the second quarter. Mainsail Financial Group LLC now owns 10,073 shares of the information services provider’s stock worth $1,844,000 after buying an additional 401 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Price Performance

GOOG stock opened at $245.54 on Thursday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $2.97 trillion, a PE ratio of 26.15, a P/E/G ratio of 1.64 and a beta of 1.00. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $256.70. The business’s fifty day moving average price is $219.78 and its 200 day moving average price is $185.88.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.19. The firm had revenue of $96.43 billion for the quarter, compared to the consensus estimate of $93.67 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.The company’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.89 EPS. On average, sell-side analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 8th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, September 8th. Alphabet’s payout ratio is currently 8.95%.

Insider Transactions at Alphabet

In other Alphabet news, insider John Kent Walker sold 17,816 shares of the company’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $247.42, for a total transaction of $4,408,034.72. Following the sale, the insider owned 42,985 shares in the company, valued at $10,635,348.70. This represents a 29.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Amie Thuener O’toole sold 2,778 shares of the company’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $245.00, for a total value of $680,610.00. Following the sale, the chief accounting officer owned 17,293 shares in the company, valued at approximately $4,236,785. This trade represents a 13.84% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 243,285 shares of company stock worth $50,994,787. 12.99% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GOOG. Roth Capital reissued a “buy” rating on shares of Alphabet in a research note on Wednesday, July 9th. Barclays reissued a “buy” rating on shares of Alphabet in a research note on Wednesday, July 9th. JPMorgan Chase & Co. lifted their target price on Alphabet from $232.00 to $260.00 and gave the company an “overweight” rating in a research report on Wednesday, September 3rd. Robert W. Baird lifted their target price on Alphabet from $215.00 to $275.00 and gave the company an “outperform” rating in a research report on Monday, September 22nd. Finally, BNP Paribas downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 26th. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $230.35.

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.