Kintegral Advisory LLC Sells 27,855 Shares of Alphabet Inc. (NASDAQ:GOOG)

Kintegral Advisory LLC reduced its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 32.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 56,795 shares of the information services provider's stock after selling 27,855 shares during the period. Alphabet comprises about 1.3% of Kintegral Advisory LLC's investment portfolio, making the stock its 12th biggest position. Kintegral Advisory LLC's holdings in Alphabet were worth $8,873,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in GOOG. ARQ Wealth Advisors LLC boosted its position in Alphabet by 39.3% in the fourth quarter. ARQ Wealth Advisors LLC now owns 4,964 shares of the information services provider's stock valued at $945,000 after buying an additional 1,400 shares in the last quarter. Independence Bank of Kentucky raised its stake in shares of Alphabet by 10.2% in the first quarter. Independence Bank of Kentucky now owns 14,907 shares of the information services provider's stock worth $2,329,000 after acquiring an additional 1,376 shares during the last quarter. Harvest Investment Services LLC raised its stake in shares of Alphabet by 3.3% in the fourth quarter. Harvest Investment Services LLC now owns 4,329 shares of the information services provider's stock worth $824,000 after acquiring an additional 138 shares during the last quarter. North Forty Two & Co. bought a new position in shares of Alphabet in the fourth quarter worth about $281,000. Finally, Fermata Advisors LLC raised its stake in shares of Alphabet by 2.7% in the first quarter. Fermata Advisors LLC now owns 9,771 shares of the information services provider's stock worth $1,527,000 after acquiring an additional 259 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Performance

GOOG traded up $0.46 during midday trading on Friday, reaching $180.22. The company had a trading volume of 13,287,389 shares, compared to its average volume of 21,210,158. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $208.70. The business has a 50-day moving average price of $169.97 and a two-hundred day moving average price of $175.49. The stock has a market cap of $2.19 trillion, a PE ratio of 20.09, a P/E/G ratio of 1.27 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.77 and a current ratio of 1.77.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 EPS 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%. Alphabet's revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.89 earnings per share. On average, sell-side analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Increases Dividend

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

Insider Activity at Alphabet

In related news, Director Kavitark Ram Shriram sold 10,500 shares of the stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total value of $1,837,500.00. Following the transaction, the director owned 261,966 shares of the company's stock, valued at $45,844,050. This represents a 3.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $170.87, for a total transaction of $5,553,275.00. Following the sale, the chief executive officer owned 2,620,196 shares of the company's stock, valued at approximately $447,712,890.52. The trade was a 1.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 215,643 shares of company stock valued at $36,330,928 over the last 90 days. 12.99% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Needham & Company LLC downgraded shares of Alphabet from a "buy" rating to a "cautious" rating in a research note on Friday, May 2nd. UBS Group dropped their target price on shares of Alphabet from $209.00 to $173.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Westpark Capital reaffirmed a "buy" rating and issued a $210.00 target price on shares of Alphabet in a research note on Friday, April 25th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $171.00 target price on shares of Alphabet in a research note on Friday, April 25th. Finally, BNP Paribas downgraded shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 26th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and six have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Alphabet has a consensus rating of "Moderate Buy" and a consensus price target of $206.38.

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.