Alphabet Inc. $GOOGL Shares Acquired by Mirador Capital Partners LP

Key Points

• Mirador Capital Partners LP increased its holdings in Alphabet Inc. by 3.3% in the 2nd quarter, owning 52,789 shares, which represents 1.5% of its portfolio.
• Alphabet recently declared a quarterly dividend of $0.21, yielding 0.3% annually, with a payout ratio of 8.95%.
• The company reported $2.31 earnings per share for the last quarter, outperforming the consensus estimate of $2.15 and generated revenues of $96.43 billion.

Mirador Capital Partners LP increased its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,789 shares of the information services provider's stock after purchasing an additional 1,670 shares during the period. Alphabet accounts for 1.5% of Mirador Capital Partners LP's investment portfolio, making the stock its 18th biggest position. Mirador Capital Partners LP's holdings in Alphabet were worth $9,303,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Enzi Wealth lifted its holdings in shares of Alphabet by 2.5% during the 1st quarter. Enzi Wealth now owns 2,561 shares of the information services provider's stock worth $408,000 after acquiring an additional 62 shares during the period. Wolff Financial Management LLC increased its position in Alphabet by 2.6% during the second quarter. Wolff Financial Management LLC now owns 2,632 shares of the information services provider's stock worth $464,000 after purchasing an additional 66 shares during the last quarter. Whipplewood Advisors LLC increased its position in Alphabet by 1.2% during the first quarter. Whipplewood Advisors LLC now owns 5,438 shares of the information services provider's stock worth $817,000 after purchasing an additional 67 shares during the last quarter. Aspire Capital Advisors LLC raised its stake in Alphabet by 1.0% during the first quarter. Aspire Capital Advisors LLC now owns 7,020 shares of the information services provider's stock worth $1,086,000 after purchasing an additional 67 shares during the period. Finally, Rainey & Randall Wealth Advisors Inc. boosted its holdings in shares of Alphabet by 2.1% in the 1st quarter. Rainey & Randall Wealth Advisors Inc. now owns 3,209 shares of the information services provider's stock valued at $496,000 after purchasing an additional 67 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Alphabet

In related news, insider John Kent Walker sold 23,820 shares of Alphabet stock in a transaction on Monday, August 4th. The shares were sold at an average price of $194.70, for a total transaction of $4,637,754.00. Following the sale, the insider owned 42,999 shares of the company's stock, valued at $8,371,905.30. The trade was a 35.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kavitark Ram Shriram sold 15,000 shares of the business's stock in a transaction on Friday, July 18th. The stock was sold at an average price of $185.76, for a total transaction of $2,786,400.00. Following the completion of the transaction, the director owned 240,400 shares in the company, valued at $44,656,704. This represents a 5.87% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 258,088 shares of company stock worth $52,405,304. 11.55% of the stock is currently owned by insiders.

Alphabet Stock Down 0.9%

Shares of NASDAQ GOOGL traded down $2.19 on Monday, hitting $252.53. The company had a trading volume of 32,240,768 shares, compared to its average volume of 38,953,800. 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 12-month low of $140.53 and a 12-month high of $256.00. The firm has a market capitalization of $3.05 trillion, a P/E ratio of 26.89, a PEG ratio of 1.72 and a beta of 1.01. The business has a 50 day moving average of $210.78 and a two-hundred day moving average of $180.96.

Alphabet (NASDAQ:GOOGL - 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 the consensus estimate of $2.15 by $0.16. The firm had revenue of $96.43 billion for the quarter, compared to analyst estimates of $93.60 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%. As a group, equities research analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 8th were issued 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 of this dividend was Monday, September 8th. Alphabet's dividend payout ratio (DPR) is presently 8.95%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GOOGL. Stifel Nicolaus boosted their price objective on shares of Alphabet from $200.00 to $218.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Wall Street Zen cut Alphabet from a "buy" rating to a "hold" rating in a report on Sunday. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Alphabet in a research note on Wednesday, September 3rd. Cantor Fitzgerald lifted their price objective on Alphabet from $196.00 to $201.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Finally, Sanford C. Bernstein boosted their target price on Alphabet from $185.00 to $195.00 and gave the stock a "market perform" rating in a report on Tuesday, July 22nd. Three analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Alphabet currently has an average rating of "Moderate Buy" and a consensus target price of $231.31.

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.