Alphabet Inc. $GOOG Shares Sold by WJ Wealth Management LLC

Key Points

• WJ Wealth Management LLC reduced its stake in Alphabet Inc. by 21.1% in Q2, after selling 4,744 shares, leaving it with a total of 17,762 shares valued at approximately $3.15 million.
• Alphabet reported an EPS of $2.31 for the last quarter, surpassing the consensus estimate of $2.12, with revenue of $96.43 billion, a 13.8% increase year-over-year.
• The company declared a quarterly dividend of $0.21 per share, representing a 0.3% yield, with an 8.95% payout ratio.

WJ Wealth Management LLC decreased its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 21.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,762 shares of the information services provider's stock after selling 4,744 shares during the period. Alphabet makes up approximately 1.0% of WJ Wealth Management LLC's investment portfolio, making the stock its 29th largest position. WJ Wealth Management LLC's holdings in Alphabet were worth $3,151,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. MorganRosel Wealth Management LLC acquired a new stake in shares of Alphabet during the 1st quarter worth approximately $26,000. IFS Advisors LLC increased its holdings in shares of Alphabet by 400.0% during the 2nd quarter. IFS Advisors LLC now owns 150 shares of the information services provider's stock worth $27,000 after buying an additional 120 shares during the last quarter. Robbins Farley increased its holdings in shares of Alphabet by 60.0% during the 2nd quarter. Robbins Farley now owns 160 shares of the information services provider's stock worth $28,000 after buying an additional 60 shares during the last quarter. WestEnd Advisors LLC increased its holdings in shares of Alphabet by 58.7% during the 2nd quarter. WestEnd Advisors LLC now owns 165 shares of the information services provider's stock worth $29,000 after buying an additional 61 shares during the last quarter. Finally, Fairman Group LLC increased its holdings in shares of Alphabet by 121.3% during the 2nd quarter. Fairman Group LLC now owns 177 shares of the information services provider's stock worth $31,000 after buying an additional 97 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company's stock.

Alphabet Stock Performance

Shares of GOOG stock opened at $253.79 on Friday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $257.58. The stock has a market capitalization of $3.07 trillion, a PE ratio of 27.03, a P/E/G ratio of 1.71 and a beta of 1.00. The firm has a 50 day moving average of $232.18 and a two-hundred day moving average of $192.97.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, beating the consensus estimate of $2.12 by $0.19. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The company had revenue of $96.43 billion during the quarter, compared to analysts' expectations of $93.67 billion. During the same quarter last year, the company posted $1.89 EPS. The firm's revenue was up 13.8% compared to the same quarter last year. On average, research analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on GOOG shares. Lake Street Capital restated a "buy" rating on shares of Alphabet in a report on Wednesday, July 9th. KeyCorp set a $265.00 target price on shares of Alphabet in a report on Wednesday, September 3rd. Citizens Jmp upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a report on Thursday, June 26th. Morgan Stanley lifted their target price on shares of Alphabet from $210.00 to $270.00 and gave the company an "overweight" rating in a report on Thursday, October 2nd. Finally, Barclays reiterated a "buy" rating on shares of Alphabet in a report on Wednesday, July 9th. Six analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $244.68.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $200.00, for a total value of $200,000.00. Following the completion of the transaction, the director owned 6,916 shares of the company's stock, valued at $1,383,200. This trade represents a 12.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider John Kent Walker sold 23,820 shares of the business's 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 transaction, the insider owned 42,999 shares of the company's stock, valued at approximately $8,371,905.30. The trade was a 35.65% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 243,372 shares of company stock worth $55,110,740. 12.99% of the stock is currently owned by corporate 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.

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