Advisor OS LLC Has $5.23 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

Key Points

• Advisor OS LLC has reduced its holdings in Alphabet Inc. by 3.9%, retaining 33,815 shares, which is worth approximately $5.23 million.
• Insider transactions at Alphabet included John L. Hennessy selling 400 shares and Kavitark Ram Shriram selling 18,566 shares, representing a 6.24% and 7.09% decrease in their ownership, respectively.
• Alphabet's stock has a consensus rating of "Moderate Buy" with a price target averaging $211.39 following recent analyst evaluations.

Advisor OS LLC lowered its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,815 shares of the information services provider's stock after selling 1,363 shares during the period. Alphabet comprises about 0.6% of Advisor OS LLC's investment portfolio, making the stock its 29th biggest holding. Advisor OS LLC's holdings in Alphabet were worth $5,229,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of GOOGL. SFE Investment Counsel raised its holdings in shares of Alphabet by 3.6% during the first quarter. SFE Investment Counsel now owns 44,605 shares of the information services provider's stock valued at $6,898,000 after buying an additional 1,563 shares during the last quarter. Holistic Financial Partners raised its holdings in shares of Alphabet by 4.3% during the first quarter. Holistic Financial Partners now owns 3,799 shares of the information services provider's stock valued at $587,000 after buying an additional 158 shares during the last quarter. AJ Advisors LLC raised its holdings in shares of Alphabet by 22.1% during the first quarter. AJ Advisors LLC now owns 4,445 shares of the information services provider's stock valued at $687,000 after buying an additional 806 shares during the last quarter. Carnegie Investment Counsel raised its holdings in shares of Alphabet by 55.5% during the first quarter. Carnegie Investment Counsel now owns 651,792 shares of the information services provider's stock valued at $97,345,000 after buying an additional 232,673 shares during the last quarter. Finally, Mendel Money Management raised its holdings in shares of Alphabet by 1.5% during the first quarter. Mendel Money Management now owns 18,529 shares of the information services provider's stock valued at $2,865,000 after buying an additional 275 shares during the last quarter. Institutional investors own 40.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GOOGL. Stifel Nicolaus boosted their target price on Alphabet from $200.00 to $218.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. UBS Group boosted their target price on Alphabet from $192.00 to $202.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Wedbush boosted their target price on Alphabet from $200.00 to $225.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Rosenblatt Securities boosted their target price on Alphabet from $189.00 to $191.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Finally, Roth Capital boosted their target price on Alphabet from $205.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Ten analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $211.39.

Alphabet Stock Down 1.4%

Shares of Alphabet stock traded down $2.77 on Friday, hitting $189.13. 34,777,882 shares of the company traded hands, compared to its average volume of 38,669,572. The company has a 50-day moving average price of $178.32 and a 200 day moving average price of $173.12. 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 $207.05. The company has a market cap of $2.30 trillion, a PE ratio of 20.14, a PEG ratio of 1.30 and a beta of 1.01.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 8th will be paid 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 payout ratio is presently 8.95%.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $184.38, for a total value of $5,992,350.00. Following the completion of the sale, the chief executive officer owned 2,527,392 shares of the company's stock, valued at approximately $466,000,536.96. The trade was a 1.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kavitark Ram Shriram sold 18,566 shares of Alphabet stock in a transaction on Friday, July 18th. The shares were sold at an average price of $185.76, for a total transaction of $3,448,820.16. Following the completion of the sale, the director directly owned 243,400 shares of the company's stock, valued at approximately $45,213,984. The trade was a 7.09% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 249,399 shares of company stock valued at $43,525,794. Insiders own 11.64% of the company's stock.

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.