Financial Engines Advisors L.L.C. Has $9.25 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Key Points

• Financial Engines Advisors L.L.C. has reduced its stake in Alphabet Inc. by 3.7%, now holding 59,231 shares worth $9,253,000 after selling 2,253 shares in Q1.
• Alphabet recently announced a quarterly dividend of $0.21 per share, with the ex-dividend date set for September 8th, yielding an annualized rate of 0.4%.
• Equity analysts have a mixed outlook on Alphabet, with an average rating of "Moderate Buy" and a target price of $215.19, as three analysts have rated the stock as a sell, while five rated it a strong buy.

Financial Engines Advisors L.L.C. cut its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 3.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,231 shares of the information services provider's stock after selling 2,253 shares during the quarter. Financial Engines Advisors L.L.C.'s holdings in Alphabet were worth $9,253,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Alphabet by 2.4% in the first 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 during the period. JPMorgan Chase & Co. boosted its position in shares of Alphabet by 9.9% in the first 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 during the period. Capital International Investors boosted its position in shares of Alphabet by 6.7% in the fourth quarter. Capital International Investors now owns 91,236,069 shares of the information services provider's stock worth $17,376,706,000 after buying an additional 5,758,244 shares during the period. Northern Trust Corp boosted its position in shares of Alphabet by 16.1% in the fourth 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 during the period. Finally, Capital Research Global Investors boosted its position in shares of Alphabet by 0.8% in the fourth quarter. Capital Research Global Investors now owns 39,148,500 shares of the information services provider's stock worth $7,455,571,000 after buying an additional 294,556 shares during the period. 27.26% of the stock is owned by institutional investors.

Insider Transactions at Alphabet

In other news, Director Kavitark Ram Shriram sold 18,566 shares of Alphabet stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $185.76, for a total value of $3,448,820.16. Following the transaction, the director directly owned 243,400 shares in the company, valued at approximately $45,213,984. The trade was a 7.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Kent Walker sold 23,820 shares of Alphabet stock in a transaction dated 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 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. Over the last ninety days, insiders have sold 274,219 shares of company stock worth $49,674,273. Company insiders own 12.99% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on GOOG shares. Citigroup reaffirmed a "sell" rating on shares of Alphabet in a research report on Wednesday, April 23rd. Barclays reaffirmed a "buy" rating on shares of Alphabet in a research report on Wednesday, July 9th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $171.00 target price on shares of Alphabet in a research report on Friday, April 25th. Rosenblatt Securities upgraded Alphabet from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. Finally, Pivotal Research increased their price objective on Alphabet from $225.00 to $245.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and five have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Alphabet presently has an average rating of "Moderate Buy" and a consensus target price of $215.19.

Alphabet Stock Up 1.3%

NASDAQ GOOG traded up $2.53 during trading on Tuesday, hitting $204.16. 19,850,294 shares of the company traded hands, compared to its average volume of 24,512,336. Alphabet Inc. has a 12 month low of $142.66 and a 12 month high of $208.70. The business has a fifty day simple moving average of $183.25 and a 200 day simple moving average of $174.55. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $2.47 trillion, a P/E ratio of 21.74, a PEG ratio of 1.34 and a beta of 1.02.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.19. The company had revenue of $96.43 billion for the quarter, compared to analyst estimates of $93.67 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%. The business's revenue was up 13.8% compared to the same quarter last year. During the same period last year, the company earned $1.89 earnings per share. As a group, sell-side analysts predict 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 paid a $0.21 dividend. The ex-dividend date 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%.

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.