LaSalle St. Investment Advisors LLC Decreases Stake in Alphabet Inc. (NASDAQ:GOOG)

LaSalle St. Investment Advisors LLC reduced its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 10.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,178 shares of the information services provider's stock after selling 1,773 shares during the period. LaSalle St. Investment Advisors LLC's holdings in Alphabet were worth $2,371,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Principia Wealth Advisory LLC raised its stake in shares of Alphabet by 111.8% during the 1st quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock worth $26,000 after buying an additional 85 shares during the last quarter. MorganRosel Wealth Management LLC purchased a new stake in Alphabet during the first quarter valued at about $26,000. LSV Asset Management purchased a new position in shares of Alphabet in the 4th quarter valued at $27,000. Goodman Advisory Group LLC purchased a new position in Alphabet in the 1st quarter worth approximately $32,000. Finally, Greykasell Wealth Strategies Inc. purchased a new stake in shares of Alphabet during the first quarter worth about $32,000. Institutional investors and hedge funds own 27.26% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GOOG. Susquehanna reissued a "positive" rating on shares of Alphabet in a report on Friday, May 2nd. UBS Group boosted their target price on shares of Alphabet from $186.00 to $192.00 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. Roth Capital reiterated a "buy" rating on shares of Alphabet in a research report on Wednesday, July 9th. The Goldman Sachs Group reiterated a "buy" rating and set a $220.00 price target on shares of Alphabet in a research report on Monday, June 2nd. Finally, Rosenblatt Securities raised Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and five have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $215.19.

Insiders Place Their Bets

In other Alphabet news, insider John Kent Walker sold 23,820 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $194.70, for a total value of $4,637,754.00. Following the transaction, the insider owned 42,999 shares in the company, valued at approximately $8,371,905.30. The trade was a 35.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 400 shares of the firm's stock in a transaction on Monday, July 14th. The stock was sold at an average price of $181.98, for a total value of $72,792.00. Following the completion of the sale, the director directly owned 6,013 shares of the company's stock, valued at $1,094,245.74. The trade was a 6.24% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 273,219 shares of company stock worth $49,474,273. Insiders own 12.99% of the company's stock.

Alphabet Stock Performance

Alphabet stock opened at $197.28 on Friday. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $208.70. 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 company has a market capitalization of $2.39 trillion, a P/E ratio of 21.01, a P/E/G ratio of 1.31 and a beta of 1.02. The business has a 50 day moving average of $181.28 and a 200-day moving average of $174.68.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (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 analyst estimates of $93.67 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%. Alphabet's quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.89 earnings per share. On average, equities research analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 8th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Monday, September 8th. Alphabet's dividend payout ratio (DPR) is 8.95%.

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.

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