Alphabet Inc. (NASDAQ:GOOG) Shares Purchased by Invictus Private Wealth LLC

Key Points

• Invictus Private Wealth LLC increased its stake in Alphabet Inc. by 1.2% in Q1, holding 185,530 shares, valued at approximately $28.9 million.
• Insider trading activity included CEO Sundar Pichai selling 32,500 shares while corporate insiders have sold a total of 249,399 shares over the last three months.
• Alphabet declared a quarterly dividend of $0.21, to be paid on September 15th, contributing to an annualized dividend yield of 0.4%.

Invictus Private Wealth LLC increased its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 1.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,530 shares of the information services provider's stock after purchasing an additional 2,180 shares during the quarter. Alphabet makes up approximately 2.3% of Invictus Private Wealth LLC's holdings, making the stock its 13th largest holding. Invictus Private Wealth LLC's holdings in Alphabet were worth $28,985,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Elios Financial Group Inc. increased its position in Alphabet by 7.1% during the 1st quarter. Elios Financial Group Inc. now owns 1,501 shares of the information services provider's stock worth $234,000 after purchasing an additional 100 shares in the last quarter. Pasadena Private Wealth LLC increased its position in Alphabet by 24.3% during the 1st quarter. Pasadena Private Wealth LLC now owns 9,401 shares of the information services provider's stock worth $1,469,000 after purchasing an additional 1,835 shares in the last quarter. Coastal Bridge Advisors LLC increased its position in Alphabet by 3.6% during the 1st quarter. Coastal Bridge Advisors LLC now owns 8,821 shares of the information services provider's stock worth $1,378,000 after purchasing an additional 308 shares in the last quarter. US Financial Advisors LLC increased its position in Alphabet by 25.7% during the 1st quarter. US Financial Advisors LLC now owns 1,956 shares of the information services provider's stock worth $306,000 after purchasing an additional 400 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in Alphabet by 46.6% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 146,928 shares of the information services provider's stock valued at $22,955,000 after buying an additional 46,699 shares during the period. Hedge funds and other institutional investors own 27.26% of the company's stock.

Alphabet Stock Down 1.5%

Shares of Alphabet stock traded down $2.91 on Friday, hitting $189.95. 21,211,425 shares of the company's stock traded hands, compared to its average volume of 25,077,368. The stock has a market cap of $2.31 trillion, a P/E ratio of 20.23, a PEG ratio of 1.28 and a beta of 1.02. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. The firm's 50-day moving average is $179.37 and its 200 day moving average is $174.69. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $208.70.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, beating the consensus estimate of $2.12 by $0.19. The company had revenue of $96.43 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the prior year, the business posted $1.89 EPS. Equities analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current 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 paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, September 8th. Alphabet's dividend payout ratio is 8.95%.

Wall Street Analysts Forecast Growth

Several analysts have commented on GOOG shares. Raymond James Financial restated an "outperform" rating and issued a $210.00 price target (up previously from $185.00) on shares of Alphabet in a report on Thursday, July 24th. Wells Fargo & Company restated an "equal weight" rating on shares of Alphabet in a report on Wednesday, July 9th. Tigress Financial restated a "strong-buy" rating on shares of Alphabet in a report on Friday, May 2nd. Oppenheimer restated an "outperform" rating and issued a $235.00 price target (up previously from $220.00) on shares of Alphabet in a report on Thursday, July 24th. Finally, The Goldman Sachs Group restated a "buy" rating and issued a $220.00 price target on shares of Alphabet in a report on Monday, June 2nd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and five have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $215.19.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $178.52, for a total transaction of $5,801,900.00. Following the sale, the chief executive officer directly owned 2,559,892 shares of the company's stock, valued at approximately $456,991,919.84. This represents a 1.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kavitark Ram Shriram sold 18,566 shares of the company's stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $185.76, for a total value of $3,448,820.16. Following the sale, the director directly owned 243,400 shares in the company, valued at approximately $45,213,984. This represents a 7.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 249,399 shares of company stock valued at $43,525,794. Company insiders own 12.99% of the company's stock.

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.