Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Bordeaux Wealth Advisors LLC

Bordeaux Wealth Advisors LLC cut its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 16.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 194,967 shares of the information services provider's stock after selling 37,909 shares during the period. Alphabet comprises 5.6% of Bordeaux Wealth Advisors LLC's portfolio, making the stock its 4th biggest position. Bordeaux Wealth Advisors LLC's holdings in Alphabet were worth $30,460,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GOOG. Principia Wealth Advisory LLC increased its holdings in shares of Alphabet by 111.8% in the 1st quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock valued at $26,000 after acquiring an additional 85 shares during the period. LSV Asset Management purchased a new position in shares of Alphabet in the 4th quarter valued at $27,000. WealthTrak Capital Management LLC purchased a new position in shares of Alphabet in the 4th quarter valued at $38,000. Mountain Hill Investment Partners Corp. purchased a new position in shares of Alphabet in the 4th quarter valued at $39,000. Finally, Noble Wealth Management PBC purchased a new position in shares of Alphabet in the 4th quarter valued at $43,000. 27.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on GOOG shares. Citizens Jmp upgraded Alphabet from a "hold" rating to a "strong-buy" rating in a report on Thursday. UBS Group cut their price target on Alphabet from $209.00 to $173.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. BNP Paribas downgraded Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday. Cantor Fitzgerald reiterated a "neutral" rating and issued a $171.00 price target on shares of Alphabet in a report on Friday, April 25th. Finally, Scotiabank dropped their target price on Alphabet from $232.00 to $200.00 and set a "sector outperform" rating on the stock in a research note on Monday, April 21st. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and six have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $206.38.

Alphabet Stock Performance

Alphabet stock traded up $3.84 during trading hours on Friday, hitting $178.27. 73,956,281 shares of the stock traded hands, compared to its average volume of 20,984,165. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.77 and a quick ratio of 1.77. The firm's 50 day moving average price is $167.82 and its 200-day moving average price is $176.02. The stock has a market capitalization of $2.16 trillion, a price-to-earnings ratio of 19.87, a P/E/G ratio of 1.26 and a beta of 1.01. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $208.70.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.79. The business had revenue of $90.23 billion for the quarter, compared to the consensus estimate of $89.30 billion. Alphabet had a return on equity of 34.54% and a net margin of 30.86%. The company's quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.89 EPS. As a group, equities analysts expect that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 9th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend was Monday, June 9th. This is an increase from Alphabet's previous quarterly dividend of $0.20. Alphabet's payout ratio is presently 9.36%.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 673 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total transaction of $104,537.09. Following the sale, the chief accounting officer now owns 15,303 shares in the company, valued at approximately $2,377,014.99. The trade was a 4.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total value of $5,153,200.00. Following the sale, the chief executive officer now owns 2,717,696 shares in the company, valued at approximately $430,917,877.76. The trade was a 1.18% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 216,195 shares of company stock worth $35,764,898. 12.99% of the stock is currently owned by insiders.

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.