Strategic Investment Solutions Inc. IL Sells 2,105 Shares of Alphabet Inc. (NASDAQ:GOOG)

Key Points

• Strategic Investment Solutions Inc. IL reduced its holdings in Alphabet Inc. (NASDAQ:GOOG) by 57.5% in the first quarter, now owning 1,557 shares valued at $243,000.
• Insider trading activity includes Director John L. Hennessy selling 400 shares and Director Kavitark Ram Shriram selling 18,566 shares, leading to a combined decrease in their holdings.
• Alphabet's most recent earnings report shows $2.31 earnings per share, surpassing estimates, with quarterly revenue of $96.43 billion reflecting a 13.8% year-over-year increase.

Strategic Investment Solutions Inc. IL lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 57.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,557 shares of the information services provider's stock after selling 2,105 shares during the period. Strategic Investment Solutions Inc. IL's holdings in Alphabet were worth $243,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of GOOG. GAMMA Investing LLC grew its stake in Alphabet by 18,562.3% during the 1st quarter. GAMMA Investing LLC now owns 14,323,323 shares of the information services provider's stock valued at $2,237,733,000 after acquiring an additional 14,246,573 shares in the last quarter. Northern Trust Corp grew its stake in Alphabet by 16.1% during the 4th quarter. Northern Trust Corp now owns 57,098,042 shares of the information services provider's stock valued at $10,873,751,000 after acquiring an additional 7,917,625 shares in the last quarter. Capital International Investors grew its stake in Alphabet by 6.7% during the 4th quarter. Capital International Investors now owns 91,236,069 shares of the information services provider's stock valued at $17,376,706,000 after acquiring an additional 5,758,244 shares in the last quarter. Sanders Capital LLC grew its stake in Alphabet by 14.5% during the 4th quarter. Sanders Capital LLC now owns 33,504,543 shares of the information services provider's stock valued at $6,380,605,000 after acquiring an additional 4,247,379 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Alphabet during the 4th quarter valued at about $786,942,000. Institutional investors and hedge funds own 27.26% of the company's stock.

Alphabet Stock Performance

Shares of NASDAQ GOOG traded up $2.25 during trading hours on Tuesday, reaching $198.00. The stock had a trading volume of 4,977,430 shares, compared to its average volume of 24,188,002. The business's fifty day moving average is $179.89 and its two-hundred day moving average is $174.38. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. The company has a market cap of $2.39 trillion, a price-to-earnings ratio of 21.08, a PEG ratio of 1.26 and a beta of 1.02. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $208.70.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, beating analysts' consensus estimates of $2.12 by $0.19. The business had revenue of $96.43 billion during the quarter, compared to analyst estimates of $93.67 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%. Alphabet's revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.89 earnings per share. As a group, research analysts expect 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. Shareholders of record on Monday, September 8th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.4%. The ex-dividend date is Monday, September 8th. Alphabet's dividend payout ratio is currently 8.95%.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Kavitark Ram Shriram sold 18,566 shares of the stock in a transaction on Friday, July 18th. The stock was sold at an average price of $185.76, for a total transaction of $3,448,820.16. Following the completion of the transaction, the director directly owned 243,400 shares in the company, valued at $45,213,984. This represents a 7.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $178.52, for a total value of $5,801,900.00. Following the transaction, the chief executive officer owned 2,559,892 shares of the company's stock, valued at $456,991,919.84. This represents a 1.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 249,399 shares of company stock valued at $43,525,794 over the last quarter. Corporate insiders own 12.99% of the company's stock.

Analysts Set New Price Targets

GOOG has been the topic of several research analyst reports. Cowen reaffirmed a "buy" rating on shares of Alphabet in a research note on Wednesday, July 9th. Citizens Jmp raised Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Thursday, June 26th. Scotiabank boosted their price target on Alphabet from $200.00 to $240.00 and gave the company a "sector outperform" rating in a research note on Tuesday, July 22nd. The Goldman Sachs Group reissued a "buy" rating and issued a $220.00 price target on shares of Alphabet in a research note on Monday, June 2nd. Finally, Roth Capital reissued a "buy" rating on shares of Alphabet in a research note on Wednesday, July 9th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and five have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average 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.