Eagle Global Advisors LLC decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 180,397 shares of the information services provider's stock after selling 1,855 shares during the quarter. Alphabet makes up about 1.3% of Eagle Global Advisors LLC's portfolio, making the stock its 19th biggest holding. Eagle Global Advisors LLC's holdings in Alphabet were worth $31,791,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Guardian Wealth Management Inc. lifted its position in Alphabet by 242.9% in the first quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider's stock valued at $26,000 after buying an additional 119 shares during the last quarter. IMA Advisory Services Inc. acquired a new position in Alphabet in the first quarter valued at about $28,000. von Borstel & Associates Inc. acquired a new position in Alphabet in the first quarter valued at about $28,000. NBZ Investment Advisors LLC lifted its position in Alphabet by 85.7% in the first quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider's stock valued at $30,000 after buying an additional 90 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. acquired a new stake in shares of Alphabet during the first quarter worth about $39,000. Institutional investors and hedge funds own 40.03% of the company's stock.
Insider Activity
In related news, insider John Kent Walker sold 23,820 shares of the 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 sale, the insider directly owned 42,999 shares of the company's stock, valued at $8,371,905.30. This trade represents a 35.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $249.50, for a total value of $8,108,750.00. Following the sale, the chief executive officer directly owned 2,397,392 shares of the company's stock, valued at approximately $598,149,304. This represents a 1.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 225,469 shares of company stock valued at $46,586,752. 11.55% of the stock is currently owned by company insiders.
Alphabet Stock Performance
Shares of GOOGL opened at $243.10 on Wednesday. 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 firm has a market cap of $2.94 trillion, a PE ratio of 25.89, a price-to-earnings-growth ratio of 1.65 and a beta of 1.01. The company's 50 day simple moving average is $218.05 and its 200-day simple moving average is $184.24. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $256.00.
Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.15 by $0.16. The business had revenue of $96.43 billion for the quarter, compared to analyst estimates of $93.60 billion. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. As a group, equities analysts predict that Alphabet Inc. will post 8.9 EPS for the current year.
Alphabet Dividend Announcement
The business 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. The ex-dividend date of this dividend was Monday, September 8th. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. Alphabet's dividend payout ratio (DPR) is currently 8.95%.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on GOOGL shares. BNP Paribas Exane reissued a "neutral" rating and set a $172.00 price target on shares of Alphabet in a research report on Friday, June 27th. JPMorgan Chase & Co. increased their price target on shares of Alphabet from $200.00 to $232.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Alphabet in a research report on Wednesday, September 3rd. UBS Group increased their price target on shares of Alphabet from $192.00 to $202.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Finally, Stifel Nicolaus increased their price target on shares of Alphabet from $200.00 to $218.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Three research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $235.63.
Check Out Our Latest Stock Analysis on GOOGL
Alphabet Company Profile
(
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.
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