AWH Capital L.P. Trims Position in Alphabet Inc. $GOOG

Key Points

• AWH Capital L.P. reduced its shareholding in Alphabet Inc. by 14.3%, selling 7,006 shares, and now holds 41,859 shares worth $6.54 million, making it the firm's second-largest position.
• Insider transactions have occurred recently, with John Kent Walker selling 23,820 shares and a total of 254,710 shares sold by insiders in the last 90 days.
• Alphabet has announced a quarterly dividend of $0.21 per share, with the record date set for September 8th, reflecting a 0.4% annual yield.

AWH Capital L.P. reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 14.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,859 shares of the information services provider's stock after selling 7,006 shares during the quarter. Alphabet accounts for approximately 9.5% of AWH Capital L.P.'s portfolio, making the stock its 2nd largest holding. AWH Capital L.P.'s holdings in Alphabet were worth $6,540,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of GOOG. Principia Wealth Advisory LLC lifted its holdings in Alphabet by 111.8% in the first quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock worth $26,000 after buying an additional 85 shares during the period. MorganRosel Wealth Management LLC purchased a new position in shares of Alphabet during the first quarter valued at approximately $26,000. Greykasell Wealth Strategies Inc. purchased a new position in shares of Alphabet during the first quarter valued at approximately $32,000. Goodman Advisory Group LLC purchased a new position in shares of Alphabet during the first quarter valued at approximately $32,000. Finally, Elevate Wealth Advisory Inc. purchased a new position in shares of Alphabet during the first quarter valued at approximately $34,000. 27.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

GOOG has been the subject of several recent research reports. Scotiabank lifted their target price on shares of Alphabet from $200.00 to $240.00 and gave the company a "sector outperform" rating in a report on Tuesday, July 22nd. Pivotal Research boosted their price objective on shares of Alphabet from $245.00 to $300.00 and gave the stock a "buy" rating in a report on Wednesday. KeyCorp set a $265.00 price objective on shares of Alphabet in a report on Wednesday. Barclays restated a "buy" rating on shares of Alphabet in a report on Wednesday, July 9th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Alphabet from $232.00 to $260.00 and gave the stock an "overweight" rating in a report on Wednesday. Five investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $227.56.

Alphabet Stock Performance

Shares of GOOG stock traded up $19.11 during mid-day trading on Wednesday, reaching $231.10. 70,779,743 shares of the company's stock traded hands, compared to its average volume of 17,654,292. Alphabet Inc. has a 12 month low of $142.66 and a 12 month high of $231.80. The firm has a 50 day moving average price of $193.15 and a two-hundred day moving average price of $175.85. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a market capitalization of $2.79 trillion, a PE ratio of 22.74, a price-to-earnings-growth ratio of 1.44 and a beta of 1.01.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.12 by $0.19. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The firm had revenue of $96.43 billion during the quarter, compared to the consensus estimate of $93.67 billion. During the same quarter in the previous year, the firm posted $1.89 EPS. The company's revenue for the quarter was up 13.8% compared to the same quarter last year. On average, research analysts forecast that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 8th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, September 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.4%. Alphabet's payout ratio is presently 8.95%.

Insider Activity

In related news, insider John Kent Walker sold 23,820 shares of the company's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $194.70, for a total value of $4,637,754.00. Following the completion of the transaction, the insider owned 42,999 shares of the company's stock, valued at approximately $8,371,905.30. This represents a 35.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kavitark Ram Shriram sold 18,566 shares of the company's 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 of the company's stock, valued at $45,213,984. This represents a 7.09% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 222,210 shares of company stock worth $41,742,155. 12.99% of the stock is currently owned by corporate insiders.

About Alphabet

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.