Blue Rock Wealth Management LLC Has $872,000 Stock Holdings in Alphabet Inc. $GOOG

Key Points

• Blue Rock Wealth Management LLC has increased its holdings in Alphabet Inc. to $872,000, acquiring 2,200 additional shares in the first quarter, which represents a 65.1% increase in its investment.
• Alphabet recently announced a quarterly dividend of $0.21 per share, payable on September 15th, with a yield of 0.4% and a dividend payout ratio (DPR) of 8.95%.
• The company's stock has seen significant insider selling, with 254,710 shares sold by insiders in the past 90 days, which is valued at approximately $49.2 million.

Blue Rock Wealth Management LLC grew its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 65.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,581 shares of the information services provider's stock after buying an additional 2,200 shares during the period. Blue Rock Wealth Management LLC's holdings in Alphabet were worth $872,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Principia Wealth Advisory LLC increased its stake in shares of 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 purchasing an additional 85 shares during the period. MorganRosel Wealth Management LLC bought a new position in shares of Alphabet in the first quarter worth about $26,000. Goodman Advisory Group LLC bought a new position in shares of Alphabet in the first quarter worth about $32,000. Greykasell Wealth Strategies Inc. bought a new position in shares of Alphabet in the first quarter worth about $32,000. Finally, Elevate Wealth Advisory Inc. bought a new position in shares of Alphabet in the first quarter worth about $34,000. Institutional investors and hedge funds own 27.26% of the company's stock.

Insiders Place Their Bets

In other news, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $199.92, for a total value of $6,497,400.00. Following the transaction, the chief executive officer directly owned 2,462,392 shares of the company's stock, valued at $492,281,408.64. The trade was a 1.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Kent Walker sold 23,820 shares of the business's stock in a transaction that occurred on Monday, August 4th. The stock was 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 directly owned 42,999 shares in the company, valued at $8,371,905.30. The trade was a 35.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 254,710 shares of company stock valued at $49,208,380 over the last quarter. 12.99% of the stock is owned by insiders.

Alphabet Price Performance

Shares of GOOG traded up $0.60 on Friday, hitting $241.38. The company's stock had a trading volume of 14,519,054 shares, compared to its average volume of 22,624,780. The company has a market capitalization of $2.92 trillion, a PE ratio of 25.71, a PEG ratio of 1.62 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. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $242.57. The company has a 50 day moving average price of $202.67 and a 200 day moving average price of $178.83.

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

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders 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 0.3%. The ex-dividend date of this dividend is Monday, September 8th. Alphabet's payout ratio is presently 8.95%.

Analyst Ratings Changes

A number of research firms have recently commented on GOOG. BNP Paribas lowered Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 26th. Roth Capital restated a "buy" rating on shares of Alphabet in a research note on Wednesday, July 9th. JPMorgan Chase & Co. boosted their price target on Alphabet from $232.00 to $260.00 and gave the company an "overweight" rating in a research note on Wednesday, September 3rd. Phillip Securities lowered Alphabet from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, September 8th. Finally, Pivotal Research boosted their price target on Alphabet from $245.00 to $300.00 and gave the company a "buy" rating in a research note on Wednesday, September 3rd. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $227.56.

Alphabet 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.