Alphabet Inc. $GOOG Shares Sold by State of Wyoming

State of Wyoming trimmed its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 6.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,178 shares of the information services provider’s stock after selling 2,073 shares during the quarter. Alphabet accounts for 0.6% of State of Wyoming’s holdings, making the stock its 13th largest holding. State of Wyoming’s holdings in Alphabet were worth $4,998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of GOOG. Brighton Jones LLC increased its position in shares of Alphabet by 5.6% in the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock valued at $22,901,000 after purchasing an additional 6,410 shares during the last quarter. Nicholas Hoffman & Company LLC. grew its stake in shares of Alphabet by 4.0% during the first quarter. Nicholas Hoffman & Company LLC. now owns 25,146 shares of the information services provider’s stock worth $3,929,000 after purchasing an additional 976 shares in the last quarter. Boston Partners increased its holdings in Alphabet by 7.5% in the first quarter. Boston Partners now owns 18,582 shares of the information services provider’s stock valued at $2,903,000 after buying an additional 1,292 shares during the last quarter. Vestmark Advisory Solutions Inc. raised its stake in Alphabet by 49.0% in the first quarter. Vestmark Advisory Solutions Inc. now owns 23,889 shares of the information services provider’s stock valued at $3,732,000 after buying an additional 7,856 shares in the last quarter. Finally, Fox Run Management L.L.C. lifted its holdings in Alphabet by 31.4% during the 1st quarter. Fox Run Management L.L.C. now owns 4,961 shares of the information services provider’s stock worth $775,000 after buying an additional 1,185 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Stock Performance

Shares of Alphabet stock opened at $310.52 on Friday. The firm’s fifty day simple moving average is $283.75 and its 200-day simple moving average is $230.33. Alphabet Inc. has a 12 month low of $142.66 and a 12 month high of $328.67. The stock has a market capitalization of $3.75 trillion, a price-to-earnings ratio of 30.62, a PEG ratio of 1.80 and a beta of 1.07. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.75.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, October 30th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.58. The company had revenue of $102.35 billion for the quarter, compared to the consensus estimate of $99.90 billion. Alphabet had a net margin of 32.23% and a return on equity of 35.00%. Alphabet’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the firm posted $2.12 EPS. As a group, equities analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 8th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.3%. The ex-dividend date is Monday, December 8th. Alphabet’s payout ratio is 8.28%.

Analyst Upgrades and Downgrades

GOOG has been the topic of several research analyst reports. Piper Sandler raised their target price on Alphabet from $285.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Wolfe Research raised their price objective on shares of Alphabet from $290.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a research report on Wednesday, October 8th. Hsbc Global Res raised shares of Alphabet to a “strong-buy” rating in a research report on Tuesday, October 7th. Finally, KeyCorp reiterated an “overweight” rating and set a $330.00 price target on shares of Alphabet in a research note on Thursday, October 30th. Seven investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $313.04.

Insider Buying and Selling

In other Alphabet news, Director John L. Hennessy sold 600 shares of the stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $280.06, for a total transaction of $168,036.00. Following the completion of the sale, the director directly owned 4,516 shares of the company’s stock, valued at approximately $1,264,750.96. This trade represents a 11.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frances Arnold sold 102 shares of Alphabet stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $317.66, for a total value of $32,401.32. Following the completion of the transaction, the director owned 18,104 shares in the company, valued at $5,750,916.64. This trade represents a 0.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 228,906 shares of company stock valued at $62,127,158 in the last quarter. 12.99% of the stock is currently owned by insiders.

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.