All Terrain Financial Advisors LLC Buys 3,468 Shares of Alphabet Inc. $GOOG

Key Points

• All Terrain Financial Advisors LLC increased its stake in Alphabet Inc. by 79.1% in Q1, bringing its holdings to 7,855 shares worth approximately $1.23 million.
• Alphabet recently announced a quarterly dividend of $0.21 per share, set to be paid on September 15th, indicating a yield of 0.4% and a payout ratio of 8.95%.
• In its latest earnings report, Alphabet outperformed expectations, reporting $2.31 EPS against a consensus estimate of $2.12, with a revenue of $96.43 billion for the quarter, a 13.8% increase year-over-year.

All Terrain Financial Advisors LLC raised its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 79.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,855 shares of the information services provider's stock after buying an additional 3,468 shares during the period. All Terrain Financial Advisors LLC's holdings in Alphabet were worth $1,227,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in GOOG. Principia Wealth Advisory LLC boosted its stake in shares of Alphabet by 111.8% in the first quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock valued at $26,000 after buying an additional 85 shares during the period. MorganRosel Wealth Management LLC bought a new stake in shares of Alphabet during the first quarter worth $26,000. Goodman Advisory Group LLC acquired a new position in shares of Alphabet during the first quarter worth $32,000. Greykasell Wealth Strategies Inc. acquired a new position in shares of Alphabet during the first quarter worth $32,000. Finally, Elevate Wealth Advisory Inc. bought a new position in Alphabet during the first quarter worth $34,000. Institutional investors and hedge funds own 27.26% of the company's stock.

Insider Transactions at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $199.92, for a total transaction of $6,497,400.00. Following the completion of the transaction, the chief executive officer owned 2,462,392 shares in the company, valued at approximately $492,281,408.64. The trade was a 1.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 600 shares of Alphabet stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $203.79, for a total value of $122,274.00. Following the completion of the sale, the director directly owned 6,316 shares of the company's stock, valued at approximately $1,287,137.64. The trade was a 8.68% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 254,710 shares of company stock valued at $47,225,230. Company insiders own 12.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on GOOG. BNP Paribas cut shares of Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 26th. Cowen reiterated a "buy" rating on shares of Alphabet in a report on Wednesday, July 9th. Citizens Jmp upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Thursday, June 26th. Lake Street Capital reaffirmed a "buy" rating on shares of Alphabet in a report on Wednesday, July 9th. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $235.00 price objective (up from $220.00) on shares of Alphabet in a report on Thursday, July 24th. Five research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Alphabet has a consensus rating of "Moderate Buy" and an average price target of $215.19.

Alphabet Trading Down 2.4%

Shares of NASDAQ GOOG traded down $5.17 during mid-day trading on Tuesday, hitting $208.36. The stock had a trading volume of 9,609,689 shares, compared to its average volume of 23,576,951. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $215.34. The business has a 50 day moving average price of $192.27 and a two-hundred day moving average price of $175.60. The firm has a market cap of $2.52 trillion, a P/E ratio of 22.18, a price-to-earnings-growth ratio of 1.44 and a beta of 1.01.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its earnings results 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. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.The firm had revenue of $96.43 billion for the quarter, compared to analysts' expectations of $93.67 billion. During the same period in the previous year, the firm earned $1.89 earnings per share. The business's revenue was up 13.8% compared to the same quarter last year. On average, equities analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 8th will be given a dividend of $0.21 per share. The ex-dividend date is Monday, September 8th. This represents a $0.84 annualized dividend and a dividend yield of 0.4%. Alphabet's payout ratio is currently 8.95%.

Alphabet Company 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.