Alphabet Inc. $GOOG Shares Sold by SJS Investment Consulting Inc.

Key Points

• SJS Investment Consulting Inc. decreased its stake in Alphabet Inc. by 11.9%, selling 1,654 shares and now holding 12,262 shares worth approximately $2,175,000.
• Alphabet's recent insider activity includes CEO Sundar Pichai selling 32,500 shares for $7,466,225, representing a 1.32% decrease in his ownership.
• The company announced a quarterly dividend of $0.21 per share, with a yield of 0.3%, reflecting a dividend payout ratio of 8.95%.

SJS Investment Consulting Inc. decreased its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 11.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,262 shares of the information services provider's stock after selling 1,654 shares during the period. Alphabet accounts for 0.3% of SJS Investment Consulting Inc.'s portfolio, making the stock its 26th largest position. SJS Investment Consulting Inc.'s holdings in Alphabet were worth $2,175,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of GOOG. Brighton Jones LLC increased its position in Alphabet by 5.6% during the fourth 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 last quarter. Wood Tarver Financial Group LLC acquired a new position in Alphabet during the fourth quarter worth approximately $241,000. Copia Wealth Management acquired a new stake in shares of Alphabet in the fourth quarter worth $68,000. Mattson Financial Services LLC increased its position in shares of Alphabet by 8.7% in the fourth quarter. Mattson Financial Services LLC now owns 44,709 shares of the information services provider's stock worth $8,514,000 after acquiring an additional 3,578 shares in the last quarter. Finally, Old North State Trust LLC increased its position in shares of Alphabet by 9.5% in the fourth quarter. Old North State Trust LLC now owns 4,040 shares of the information services provider's stock worth $769,000 after acquiring an additional 350 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company's stock.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 2,778 shares of the stock in a transaction 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 $4,236,785. This represents a 13.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $229.73, for a total transaction of $7,466,225.00. Following the transaction, the chief executive officer owned 2,429,892 shares in the company, valued at $558,219,089.16. This trade represents a 1.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 258,088 shares of company stock valued at $52,405,304. 12.99% of the stock is owned by insiders.

Alphabet Price Performance

Shares of GOOG stock opened at $247.83 on Thursday. The company has a market capitalization of $3.00 trillion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 1.70 and a beta of 1.01. The firm has a fifty day simple moving average of $214.14 and a 200-day simple moving average of $183.18. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. Alphabet Inc. has a twelve month low of $142.66 and a twelve 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 for the quarter, beating the consensus estimate of $2.12 by $0.19. The business had revenue of $96.43 billion during 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.89 earnings per share. Equities research analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Announces Dividend

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

Analysts Set New Price Targets

GOOG has been the subject of several recent research reports. Raymond James Financial reissued an "outperform" rating and issued a $210.00 price objective (up previously from $185.00) on shares of Alphabet in a research report on Thursday, July 24th. Wells Fargo & Company reissued an "equal weight" rating on shares of Alphabet in a research report on Wednesday, July 9th. Piper Sandler reissued a "neutral" rating on shares of Alphabet in a research report on Wednesday, July 9th. Barclays reissued a "buy" rating on shares of Alphabet in a research report on Wednesday, July 9th. Finally, Oppenheimer reissued an "outperform" rating and issued a $270.00 price objective (up previously from $235.00) on shares of Alphabet in a research report on Wednesday, September 3rd. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Alphabet currently has a consensus rating of "Moderate Buy" and a consensus 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.

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