Compound Planning Inc. Trims Stake in Alphabet Inc. $GOOG

Key Points

• Compound Planning Inc. reduced its holdings in Alphabet Inc. by 4.8% in Q1, owning 187,302 shares valued at approximately $29.26 million, making it their 14th largest position.
• Securities research analysts have given Alphabet a mixed rating, with five providing a "Strong Buy," 17 a "Buy," while three have issued a "Sell" rating; the average target price is $215.19.
• Alphabet recently announced a quarterly dividend of $0.21, payable September 15th, reflecting an annualized yield of 0.4% and a payout ratio of 8.95%.

Compound Planning Inc. trimmed its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 4.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 187,302 shares of the information services provider's stock after selling 9,490 shares during the period. Alphabet accounts for approximately 1.3% of Compound Planning Inc.'s holdings, making the stock its 14th largest position. Compound Planning Inc.'s holdings in Alphabet were worth $29,262,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in Alphabet by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 411,570,922 shares of the information services provider's stock worth $64,299,725,000 after buying an additional 9,687,855 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Alphabet by 9.9% in the 1st quarter. JPMorgan Chase & Co. now owns 102,232,997 shares of the information services provider's stock worth $15,971,861,000 after buying an additional 9,243,959 shares in the last quarter. Northern Trust Corp increased its stake in Alphabet by 16.1% in the 4th quarter. Northern Trust Corp now owns 57,098,042 shares of the information services provider's stock worth $10,873,751,000 after buying an additional 7,917,625 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Alphabet by 2.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 34,103,417 shares of the information services provider's stock worth $6,494,655,000 after buying an additional 769,335 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in Alphabet by 5.0% in the 4th quarter. Janus Henderson Group PLC now owns 30,827,999 shares of the information services provider's stock worth $5,870,944,000 after buying an additional 1,467,805 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on GOOG shares. Citizens Jmp upgraded Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Thursday, June 26th. Susquehanna reissued a "positive" rating on shares of Alphabet in a report on Friday, May 2nd. Wells Fargo & Company reissued an "equal weight" rating on shares of Alphabet in a report on Wednesday, July 9th. JPMorgan Chase & Co. increased their price objective on shares of Alphabet from $200.00 to $232.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Finally, Roth Capital reissued a "buy" rating on shares of Alphabet in a report on Wednesday, July 9th. Five equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $215.19.

Insider Activity

In other Alphabet news, Director John L. Hennessy sold 600 shares of the firm's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $203.79, for a total value of $122,274.00. Following the completion of the sale, the director owned 6,316 shares of the company's stock, valued at $1,287,137.64. This trade represents a 8.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kavitark Ram Shriram sold 15,000 shares of the firm's stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $185.76, for a total transaction of $2,786,400.00. Following the completion of the sale, the director directly owned 240,400 shares of the company's stock, valued at approximately $44,656,704. The trade was a 5.87% decrease in their position. The disclosure for this sale can be found here. Insiders sold 254,719 shares of company stock worth $47,223,172 in the last ninety days. 12.99% of the stock is currently owned by company insiders.

Alphabet Stock Up 0.2%

Shares of NASDAQ:GOOG opened at $200.62 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. Alphabet Inc. has a 12 month low of $142.66 and a 12 month high of $208.70. The company has a 50-day moving average price of $187.09 and a 200 day moving average price of $174.87. The company has a market cap of $2.43 trillion, a price-to-earnings ratio of 21.37, a PEG ratio of 1.35 and a beta of 1.02.

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

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders 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 annualized dividend and a yield of 0.4%. Alphabet's dividend payout ratio (DPR) is presently 8.95%.

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.

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