Alphabet Inc. $GOOG Stock Holdings Lifted by RPG Investment Advisory LLC

Key Points

• RPG Investment Advisory LLC significantly increased its holdings in Alphabet Inc. by 100.5%, now owning 329,086 shares, which represents 3.7% of its portfolio valued at approximately $51.4 million.
• In recent insider trading, Director John L. Hennessy and CEO Sundar Pichai sold shares, with Hennessy selling 600 shares and Pichai selling 32,500 shares, leading to decreases in their ownership stakes.
• Alphabet's recent earnings report showed an EPS of $2.31 surpassing estimates, with revenue of $96.43 billion, reflecting a year-over-year increase of 13.8%.

RPG Investment Advisory LLC raised its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 100.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 329,086 shares of the information services provider's stock after purchasing an additional 164,948 shares during the quarter. Alphabet accounts for 3.7% of RPG Investment Advisory LLC's portfolio, making the stock its 3rd largest position. RPG Investment Advisory LLC's holdings in Alphabet were worth $51,413,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Principia Wealth Advisory LLC grew its stake in Alphabet by 111.8% during the 1st quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock valued at $26,000 after purchasing an additional 85 shares during the last quarter. MorganRosel Wealth Management LLC purchased a new stake in Alphabet during the 1st quarter valued at about $26,000. Goodman Advisory Group LLC purchased a new stake in Alphabet during the 1st quarter valued at about $32,000. Greykasell Wealth Strategies Inc. purchased a new stake in Alphabet during the 1st quarter valued at about $32,000. Finally, Elevate Wealth Advisory Inc. purchased a new stake in Alphabet during the 1st quarter valued at about $34,000. Hedge funds and other institutional investors own 27.26% of the company's stock.

Insider Buying and Selling

In other news, Director John L. Hennessy sold 600 shares of the 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 sale, the director directly owned 6,316 shares in the company, valued at approximately $1,287,137.64. This trade represents a 8.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $199.92, for a total value of $6,497,400.00. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders have sold a total of 254,719 shares of company stock valued at $47,223,172 in the last three months. 12.99% of the stock is currently owned by insiders.

Alphabet Stock Up 0.2%

NASDAQ:GOOG opened at $200.62 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. The stock's fifty day moving average is $187.09 and its two-hundred day moving average is $174.87. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $208.70. The stock has a market capitalization of $2.43 trillion, a price-to-earnings ratio of 21.37, a price-to-earnings-growth ratio of 1.35 and a beta of 1.02.

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

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 8th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, September 8th. Alphabet's dividend payout ratio (DPR) is presently 8.95%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Barclays reiterated a "buy" rating on shares of Alphabet in a research note on Wednesday, July 9th. Susquehanna reissued a "positive" rating on shares of Alphabet in a report on Friday, May 2nd. Tigress Financial reissued a "strong-buy" rating on shares of Alphabet in a report on Friday, May 2nd. Lake Street Capital reissued a "buy" rating on shares of Alphabet in a report on Wednesday, July 9th. Finally, 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 report on Thursday, July 24th. Five equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $215.19.

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.

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