Alphabet Inc. $GOOG Shares Acquired by Trivium Point Advisory LLC

Key Points

• Trivium Point Advisory LLC increased its holdings in Alphabet Inc. by 3.6%, owning a total of 47,820 shares valued at approximately $8.48 million at the end of Q2.
• Insiders at Alphabet sold a total of 243,285 shares valued at nearly $51 million in the past three months, resulting in significant decreases in their ownership stakes.
• The company reported $2.31 EPS for Q2, exceeding estimates, alongside a 13.8% increase in revenue year-over-year, totaling $96.43 billion.

Trivium Point Advisory LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 3.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,820 shares of the information services provider's stock after purchasing an additional 1,647 shares during the quarter. Alphabet comprises about 0.9% of Trivium Point Advisory LLC's holdings, making the stock its 21st biggest holding. Trivium Point Advisory LLC's holdings in Alphabet were worth $8,483,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in GOOG. Robbins Farley raised its holdings in Alphabet by 60.0% in the second quarter. Robbins Farley now owns 160 shares of the information services provider's stock valued at $28,000 after acquiring an additional 60 shares in the last quarter. Principia Wealth Advisory LLC raised its holdings in 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 acquiring an additional 85 shares in the last quarter. MorganRosel Wealth Management LLC acquired a new stake in Alphabet in the first quarter valued at approximately $26,000. Greykasell Wealth Strategies Inc. acquired a new stake in Alphabet in the first quarter valued at approximately $32,000. Finally, Goodman Advisory Group LLC acquired a new stake in Alphabet in the first quarter valued at approximately $32,000. Institutional investors and hedge funds own 27.26% of the company's stock.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O'toole sold 2,778 shares of the firm's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $245.00, for a total transaction of $680,610.00. Following the transaction, the chief accounting officer directly owned 17,293 shares in the company, valued at approximately $4,236,785. This trade represents a 13.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John Kent Walker sold 23,820 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $194.70, for a total transaction of $4,637,754.00. Following the transaction, the insider owned 42,999 shares in the company, valued at approximately $8,371,905.30. This trade represents a 35.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 243,285 shares of company stock valued at $50,994,787. 12.99% of the stock is currently owned by insiders.

Alphabet Stock Performance

Shares of GOOG 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 firm has a market cap of $2.97 trillion, a PE ratio of 26.15, a price-to-earnings-growth ratio of 1.64 and a beta of 1.00. The company's 50 day simple moving average is $219.78 and its 200-day simple moving average is $185.88. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $256.70.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.12 by $0.19. The business had revenue of $96.43 billion for the quarter, compared to analyst estimates of $93.67 billion. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The company's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period last year, the firm posted $1.89 earnings per share. As a group, equities analysts predict that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 8th were given a dividend of $0.21 per share. The ex-dividend date was Monday, September 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet's dividend payout ratio (DPR) is 8.95%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on GOOG shares. Roth Capital reaffirmed a "buy" rating on shares of Alphabet in a report on Wednesday, July 9th. JPMorgan Chase & Co. raised their target price on shares of Alphabet from $232.00 to $260.00 and gave the company an "overweight" rating in a report on Wednesday, September 3rd. Robert W. Baird raised their target price on shares of Alphabet from $215.00 to $275.00 and gave the company an "outperform" rating in a report on Monday, September 22nd. Pivotal Research raised their price objective on shares of Alphabet from $245.00 to $300.00 and gave the stock a "buy" rating in a report on Wednesday, September 3rd. Finally, BNP Paribas cut shares of Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 26th. Five research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $230.35.

About Alphabet

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.

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