Fiduciary Family Office LLC Buys Shares of 36,151 Alphabet Inc. $GOOGL

Key Points

• Fiduciary Family Office LLC has invested approximately $5.59 million in Alphabet Inc., acquiring 36,151 shares, making it the company's 5th largest position in their portfolio.
• Insider sales have occurred recently, with Director Kavitark Ram Shriram selling 15,000 shares and John Kent Walker selling 23,820 shares, indicating a decrease in insider ownership.
• Alphabet reported $2.31 EPS for the last quarter, surpassing analyst expectations, and announced a quarterly dividend of $0.21 per share, effective September 15th.

Fiduciary Family Office LLC bought a new stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 36,151 shares of the information services provider's stock, valued at approximately $5,590,000. Alphabet comprises about 1.9% of Fiduciary Family Office LLC's holdings, making the stock its 5th largest position.

A number of other large investors have also recently bought and sold shares of GOOGL. Mystic Asset Management Inc. boosted its position in Alphabet by 6.7% in the 1st quarter. Mystic Asset Management Inc. now owns 28,454 shares of the information services provider's stock worth $4,400,000 after purchasing an additional 1,791 shares in the last quarter. Harbour Trust & Investment Management Co boosted its position in Alphabet by 0.3% in the 1st quarter. Harbour Trust & Investment Management Co now owns 27,075 shares of the information services provider's stock worth $4,187,000 after purchasing an additional 80 shares in the last quarter. Rockbridge Capital Management LLC purchased a new stake in Alphabet in the 4th quarter worth approximately $3,119,000. Cypress Capital LLC boosted its position in Alphabet by 4.1% in the 1st quarter. Cypress Capital LLC now owns 14,310 shares of the information services provider's stock worth $2,213,000 after purchasing an additional 563 shares in the last quarter. Finally, Optivise Advisory Services LLC lifted its position in shares of Alphabet by 8.0% during the 4th quarter. Optivise Advisory Services LLC now owns 5,464 shares of the information services provider's stock valued at $1,035,000 after buying an additional 403 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

Insider Buying and Selling

In other Alphabet news, Director John L. Hennessy sold 600 shares of the firm's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $203.79, for a total value of $122,274.00. Following the completion of the sale, the director directly owned 6,316 shares of the company's stock, valued at $1,287,137.64. This trade represents a 8.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Kent Walker sold 23,820 shares of the firm's stock in a transaction 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 sale, the insider directly owned 42,999 shares of the company's stock, valued at $8,371,905.30. This trade represents a 35.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 274,819 shares of company stock valued at $49,796,547 over the last 90 days. Insiders own 11.64% of the company's stock.

Wall Street Analyst Weigh In

GOOGL has been the topic of a number of recent analyst reports. BNP Paribas lowered Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 26th. Susquehanna increased their target price on Alphabet from $220.00 to $225.00 and gave the company a "positive" rating in a research report on Thursday, July 24th. KeyCorp increased their target price on Alphabet from $215.00 to $230.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Morgan Stanley increased their target price on Alphabet from $185.00 to $205.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Finally, Barclays increased their target price on Alphabet from $220.00 to $235.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Four research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $211.53.

Alphabet Price Performance

NASDAQ GOOGL traded down $2.5860 during mid-day trading on Tuesday, hitting $200.9140. The stock had a trading volume of 7,863,548 shares, compared to its average volume of 36,374,398. The firm's 50 day moving average is $184.80 and its 200 day moving average is $173.00. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $207.05. 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 market capitalization of $2.43 trillion, a price-to-earnings ratio of 21.38, a PEG ratio of 1.37 and a beta of 1.01.

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

Alphabet Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 0.4%. Alphabet's dividend payout ratio (DPR) is 8.95%.

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.