Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Roundview Capital LLC

Roundview Capital LLC reduced its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 4.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 251,487 shares of the information services provider's stock after selling 10,862 shares during the period. Alphabet accounts for about 2.8% of Roundview Capital LLC's portfolio, making the stock its 5th largest position. Roundview Capital LLC's holdings in Alphabet were worth $39,290,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Venturi Wealth Management LLC boosted its holdings in shares of Alphabet by 10.8% in the 1st quarter. Venturi Wealth Management LLC now owns 21,947 shares of the information services provider's stock valued at $3,429,000 after buying an additional 2,139 shares in the last quarter. Gratus Wealth Advisors LLC boosted its holdings in shares of Alphabet by 0.9% in the 1st quarter. Gratus Wealth Advisors LLC now owns 32,033 shares of the information services provider's stock valued at $5,005,000 after buying an additional 294 shares in the last quarter. Accredited Investors Inc. boosted its holdings in shares of Alphabet by 2.3% in the 1st quarter. Accredited Investors Inc. now owns 31,698 shares of the information services provider's stock valued at $4,952,000 after buying an additional 701 shares in the last quarter. Somerville Kurt F raised its position in shares of Alphabet by 205.3% in the 1st quarter. Somerville Kurt F now owns 4,417 shares of the information services provider's stock valued at $690,000 after purchasing an additional 2,970 shares during the last quarter. Finally, Quadrant Private Wealth Management LLC raised its position in shares of Alphabet by 2.1% in the 1st quarter. Quadrant Private Wealth Management LLC now owns 49,750 shares of the information services provider's stock valued at $7,772,000 after purchasing an additional 1,034 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of Alphabet in a research report on Wednesday, July 9th. Citizens Jmp raised shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Thursday, June 26th. Roth Capital reaffirmed a "buy" rating on shares of Alphabet in a research report on Wednesday, July 9th. Needham & Company LLC lowered shares of Alphabet from a "buy" rating to a "cautious" rating in a research report on Friday, May 2nd. Finally, UBS Group raised their price target on shares of Alphabet from $186.00 to $192.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 16th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and five have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $215.19.

Insider Buying and Selling at Alphabet

In other news, 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 completion of the transaction, the chief executive officer directly owned 2,559,892 shares in the company, valued at approximately $456,991,919.84. This represents a 1.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kavitark Ram Shriram sold 18,566 shares of the stock in a transaction on Friday, July 18th. The shares were sold at an average price of $185.76, for a total value of $3,448,820.16. Following the completion of the transaction, the director owned 243,400 shares of the company's stock, valued at $45,213,984. The trade was a 7.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 249,409 shares of company stock worth $43,523,710. Corporate insiders own 12.99% of the company's stock.

Alphabet Stock Performance

NASDAQ GOOG traded up $0.88 during trading on Friday, reaching $194.08. 31,074,800 shares of the company's stock were exchanged, compared to its average volume of 27,020,362. The business has a 50 day moving average price of $176.86 and a 200-day moving average price of $174.67. The stock has a market capitalization of $2.36 trillion, a P/E ratio of 20.67, a PEG ratio of 1.32 and a beta of 1.01. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.77. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $208.70.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued 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. The business had revenue of $96.43 billion during the quarter, compared to analysts' expectations of $93.67 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%. The firm's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.89 earnings per share. Sell-side analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Monday, September 8th. This represents a $0.84 annualized dividend and a dividend yield of 0.43%. Alphabet's 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.