Krilogy Financial LLC Has $7.42 Million Stake in Alphabet Inc. $GOOG

Key Points

• Krilogy Financial LLC has reduced its stake in Alphabet Inc. by 11.3%, now holding valued shares at approximately $7.42 million after selling 5,301 shares during the second quarter.
• Alphabet reported a revenue of $96.43 billion in its latest earnings call, exceeding expectations and marking a 13.8% increase compared to the previous year.
• The company has declared a quarterly dividend of $0.21 per share, leading to an annualized yield of 0.3%, with a low dividend payout ratio of 8.95%.

Krilogy Financial LLC reduced its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 11.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,803 shares of the information services provider's stock after selling 5,301 shares during the quarter. Krilogy Financial LLC's holdings in Alphabet were worth $7,415,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in GOOG. Principia Wealth Advisory LLC raised its position in Alphabet by 111.8% in the 1st quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock valued at $26,000 after buying an additional 85 shares during the last quarter. MorganRosel Wealth Management LLC bought a new position in shares of Alphabet during the 1st quarter worth approximately $26,000. Goodman Advisory Group LLC acquired a new stake in shares of Alphabet in the first quarter valued at approximately $32,000. Greykasell Wealth Strategies Inc. bought a new stake in shares of Alphabet in the first quarter worth $32,000. Finally, Elevate Wealth Advisory Inc. acquired a new position in Alphabet during the first quarter worth $34,000. Institutional investors own 27.26% of the company's stock.

Insider Transactions at Alphabet

In related news, Director Kavitark Ram Shriram sold 18,566 shares of the business's 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 completion of the transaction, the director owned 243,400 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available through this link. Also, insider John Kent Walker sold 23,820 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $194.70, for a total transaction of $4,637,754.00. Following the sale, 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 three months, insiders sold 225,588 shares of company stock worth $44,296,554. Corporate insiders own 12.99% of the company's stock.

Alphabet Trading Down 0.1%

GOOG stock opened at $251.42 on Wednesday. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $253.23. The company has a market capitalization of $3.04 trillion, a PE ratio of 26.78, a price-to-earnings-growth ratio of 1.69 and a beta of 1.01. The company's 50-day simple moving average is $205.68 and its 200 day simple moving average is $179.98. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90.

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

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 8th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, September 8th. Alphabet's dividend payout ratio (DPR) is 8.95%.

Analyst Upgrades and Downgrades

GOOG has been the topic of several recent research reports. Raymond James Financial reiterated an "outperform" rating and issued a $210.00 price target (up from $185.00) on shares of Alphabet in a research note on Thursday, July 24th. JPMorgan Chase & Co. lifted their target price on Alphabet from $232.00 to $260.00 and gave the company an "overweight" rating in a research report on Wednesday, September 3rd. Scotiabank upped their target price on Alphabet from $200.00 to $240.00 and gave the stock a "sector outperform" rating in a report on Tuesday, July 22nd. BNP Paribas downgraded Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 26th. Finally, Piper Sandler reaffirmed a "neutral" rating on shares of Alphabet in a research report on Wednesday, July 9th. Four research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, five have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $227.56.

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.

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