Values Added Financial LLC boosted its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 15.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,585 shares of the information services provider's stock after buying an additional 1,545 shares during the quarter. Alphabet accounts for about 1.0% of Values Added Financial LLC's investment portfolio, making the stock its 27th largest position. Values Added Financial LLC's holdings in Alphabet were worth $2,055,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in GOOG. Brighton Jones LLC boosted its stake in Alphabet by 5.6% in the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider's stock worth $22,901,000 after purchasing an additional 6,410 shares during the period. Revisor Wealth Management LLC boosted its stake in Alphabet by 107.9% in the 1st quarter. Revisor Wealth Management LLC now owns 3,659 shares of the information services provider's stock worth $572,000 after purchasing an additional 1,899 shares during the period. GAMMA Investing LLC boosted its stake in Alphabet by 19.5% in the 1st quarter. GAMMA Investing LLC now owns 91,681 shares of the information services provider's stock worth $14,323,000 after purchasing an additional 14,931 shares during the period. Krilogy Financial LLC boosted its stake in Alphabet by 3.2% in the 1st quarter. Krilogy Financial LLC now owns 47,104 shares of the information services provider's stock worth $7,359,000 after purchasing an additional 1,439 shares during the period. Finally, Ipswich Investment Management Co. Inc. boosted its stake in Alphabet by 3.3% in the 1st quarter. Ipswich Investment Management Co. Inc. now owns 15,752 shares of the information services provider's stock worth $2,461,000 after purchasing an additional 505 shares during the period. Institutional investors and hedge funds own 27.26% of the company's stock.
Insider Buying and Selling
In related news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $184.38, for a total value of $5,992,350.00. Following the transaction, the chief executive officer owned 2,527,392 shares in the company, valued at $466,000,536.96. This trade represents a 1.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John Kent Walker sold 23,820 shares of Alphabet stock in a transaction 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 completion of the transaction, the insider owned 42,999 shares in the company, valued at $8,371,905.30. This trade represents a 35.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 276,738 shares of company stock worth $59,135,475 in the last quarter. 12.99% of the stock is currently owned by company insiders.
Alphabet Stock Down 1.9%
GOOG stock opened at $237.49 on Friday. The firm has a market cap of $2.87 trillion, a PE ratio of 25.29, a PEG ratio of 1.60 and a beta of 1.00. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $256.70. 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 fifty day simple moving average of $226.97 and a 200 day simple moving average of $189.81.
Alphabet (NASDAQ:GOOG - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, topping 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 net margin of 31.12% and a return on equity of 34.31%. The business's quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.89 EPS. Sell-side analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current fiscal year.
Alphabet Announces Dividend
The company also recently announced 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 yield of 0.4%. The ex-dividend date was Monday, September 8th. Alphabet's dividend payout ratio (DPR) is 8.95%.
Wall Street Analyst Weigh In
GOOG has been the subject of a number of recent analyst reports. Jefferies Financial Group raised their price objective on shares of Alphabet from $230.00 to $285.00 and gave the stock a "buy" rating in a research note on Thursday, October 2nd. Hsbc Global Res raised shares of Alphabet to a "strong-buy" rating in a research note on Tuesday, October 7th. Wells Fargo & Company reissued an "equal weight" rating on shares of Alphabet in a research note on Wednesday, July 9th. Mizuho raised shares of Alphabet to a "strong-buy" rating in a research note on Monday, September 29th. Finally, Phillip Securities lowered shares of Alphabet from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, September 8th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $241.00.
View Our Latest Report on GOOG
About Alphabet
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOG - Free Report).
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