Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Windward Capital Management Co. CA

Key Points

• Windward Capital Management Co. CA reduced its holdings in Alphabet Inc. (GOOG) by 3.4%, decreasing to 288,537 shares after selling 10,286 shares in Q1, now representing 3.9% of their portfolio.
• CEO Sundar Pichai sold 32,500 shares of Alphabet, reducing his ownership by 1.29%, while insiders collectively sold 274,819 shares over the last 90 days.
• Alphabet announced a quarterly dividend of $0.21 per share, set to be paid on September 15th, reflecting an annualized yield of 0.4% with a payout ratio of 8.95%.

Windward Capital Management Co. CA decreased its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 3.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 288,537 shares of the information services provider's stock after selling 10,286 shares during the period. Alphabet comprises approximately 3.9% of Windward Capital Management Co. CA's portfolio, making the stock its 6th largest position. Windward Capital Management Co. CA's holdings in Alphabet were worth $45,078,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of GOOG. Principia Wealth Advisory LLC increased its stake in Alphabet by 111.8% in the first 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 period. MorganRosel Wealth Management LLC acquired a new position in Alphabet in the first quarter valued at $26,000. Greykasell Wealth Strategies Inc. acquired a new position in Alphabet in the first quarter valued at $32,000. Goodman Advisory Group LLC acquired a new position in Alphabet in the first quarter valued at $32,000. Finally, Ball & Co Wealth Management Inc. acquired a new position in Alphabet in the fourth quarter valued at $53,000. Institutional investors and hedge funds own 27.26% of the company's stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $196.23, for a total value of $6,377,475.00. Following the sale, the chief executive officer owned 2,494,892 shares of the company's stock, valued at $489,572,657.16. This represents a 1.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John L. Hennessy sold 600 shares of the company's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $203.79, for a total transaction of $122,274.00. Following the completion of the sale, the director directly owned 6,316 shares in the company, valued at $1,287,137.64. This trade represents a 8.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold 274,819 shares of company stock worth $49,796,547 over the last ninety days. 12.99% of the stock is currently owned by company insiders.

Analyst Ratings Changes

GOOG has been the topic of a number of recent research reports. The Goldman Sachs Group restated a "buy" rating and issued a $220.00 price objective on shares of Alphabet in a research note on Monday, June 2nd. Cantor Fitzgerald restated a "neutral" rating and issued a $171.00 price objective on shares of Alphabet in a research note on Friday, April 25th. Susquehanna reiterated a "positive" rating on shares of Alphabet in a research note on Friday, May 2nd. JPMorgan Chase & Co. boosted their price target on shares of Alphabet from $200.00 to $232.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Finally, Raymond James Financial reiterated an "outperform" rating and set a $210.00 price target (up from $185.00) on shares of Alphabet in a research note on Thursday, July 24th. 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $215.19.

Alphabet Trading Up 0.5%

Shares of GOOG opened at $204.91 on Friday. 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's 50-day moving average is $185.21 and its two-hundred day moving average is $174.72. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $208.70. The firm has a market capitalization of $2.48 trillion, a P/E ratio of 21.82, a PEG ratio of 1.36 and a beta of 1.02.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (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 for the quarter, compared to the consensus estimate of $93.67 billion. During the same quarter in the prior year, the firm earned $1.89 earnings per share. The company's revenue for the quarter was up 13.8% compared to the same quarter last year. On average, research analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 8th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, September 8th. Alphabet's dividend payout ratio is 8.95%.

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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