Annis Gardner Whiting Capital Advisors LLC Sells 10,485 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Annis Gardner Whiting Capital Advisors LLC decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 34.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,687 shares of the information services provider's stock after selling 10,485 shares during the quarter. Alphabet comprises about 1.3% of Annis Gardner Whiting Capital Advisors LLC's investment portfolio, making the stock its 11th largest position. Annis Gardner Whiting Capital Advisors LLC's holdings in Alphabet were worth $3,044,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Investment Counsel Co. of Nevada bought a new stake in Alphabet in the first quarter worth $155,000. Leisure Capital Management raised its stake in shares of Alphabet by 2.5% in the first quarter. Leisure Capital Management now owns 16,539 shares of the information services provider's stock valued at $2,558,000 after acquiring an additional 399 shares during the period. Keener Financial Planning LLC lifted its holdings in shares of Alphabet by 14.7% in the 1st quarter. Keener Financial Planning LLC now owns 2,134 shares of the information services provider's stock worth $330,000 after acquiring an additional 274 shares during the last quarter. West Michigan Advisors LLC boosted its stake in shares of Alphabet by 19.4% during the 1st quarter. West Michigan Advisors LLC now owns 7,512 shares of the information services provider's stock worth $1,162,000 after purchasing an additional 1,223 shares during the period. Finally, Associated Banc Corp grew its holdings in Alphabet by 1.6% during the 1st quarter. Associated Banc Corp now owns 748,336 shares of the information services provider's stock valued at $115,723,000 after purchasing an additional 11,704 shares during the last quarter. Institutional investors own 40.03% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Bank of America upped their target price on Alphabet from $210.00 to $217.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Loop Capital reaffirmed a "hold" rating and issued a $190.00 price objective (up previously from $165.00) on shares of Alphabet in a research report on Tuesday, August 5th. Barclays lifted their target price on Alphabet from $220.00 to $235.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Piper Sandler upped their price target on shares of Alphabet from $195.00 to $220.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Finally, Cantor Fitzgerald raised their price target on shares of Alphabet from $196.00 to $201.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, Alphabet currently has a consensus rating of "Moderate Buy" and an average price target of $211.53.

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $196.23, for a total transaction of $6,377,475.00. Following the completion of the sale, the chief executive officer directly owned 2,494,892 shares in the company, valued at approximately $489,572,657.16. The trade was a 1.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 1,000 shares of the firm's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $200.00, for a total value of $200,000.00. Following the completion of the transaction, the director owned 6,916 shares in the company, valued at $1,383,200. The trade was a 12.63% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 274,219 shares of company stock valued at $49,674,273. 11.55% of the stock is currently owned by corporate insiders.

Alphabet Trading Up 1.2%

Shares of GOOGL stock opened at $203.34 on Wednesday. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $207.05. The company has a market cap of $2.46 trillion, a price-to-earnings ratio of 21.65, a PEG ratio of 1.36 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 1.90. The stock has a 50 day simple moving average of $182.27 and a 200-day simple moving average of $173.02.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, topping analysts' consensus estimates of $2.15 by $0.16. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The company had revenue of $96,428,000 billion during the quarter, compared to analysts' expectations of $93.60 billion. On average, equities research analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Monday, September 8th. This represents a $0.84 dividend on an annualized basis and a yield of 0.4%. Alphabet's dividend payout ratio (DPR) is currently 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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