OneDigital Investment Advisors LLC Sells 5,156 Shares of Alphabet Inc. (NASDAQ:GOOG)

OneDigital Investment Advisors LLC cut its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 4.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 110,587 shares of the information services provider's stock after selling 5,156 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Alphabet were worth $17,277,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LSV Asset Management acquired a new position in shares of Alphabet during the 4th quarter worth about $27,000. Principia Wealth Advisory LLC lifted its holdings in Alphabet by 111.8% during the 1st quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock valued at $26,000 after purchasing an additional 85 shares during the last quarter. MorganRosel Wealth Management LLC acquired a new stake in Alphabet during the first quarter worth approximately $26,000. WealthTrak Capital Management LLC acquired a new stake in Alphabet during the 4th quarter worth approximately $38,000. Finally, Mountain Hill Investment Partners Corp. acquired a new stake in shares of Alphabet during the fourth quarter worth $39,000. Institutional investors and hedge funds own 27.26% of the company's stock.

Alphabet Stock Performance

NASDAQ GOOG traded down $2.99 during trading hours on Monday, reaching $177.56. 20,952,880 shares of the company were exchanged, compared to its average volume of 21,209,247. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.03. The business's 50 day simple moving average is $170.28 and its 200-day simple moving average is $175.29. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $208.70. The stock has a market capitalization of $2.15 trillion, a P/E ratio of 19.79, a P/E/G ratio of 1.27 and a beta of 1.01.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, topping the consensus estimate of $2.02 by $0.79. Alphabet had a net margin of 30.86% and a return on equity of 34.54%. The company had revenue of $90.23 billion during the quarter, compared to the consensus estimate of $89.30 billion. During the same period last year, the firm earned $1.89 EPS. Alphabet's revenue for the quarter was up 12.0% on a year-over-year basis. On average, equities research analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 9th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.47%. This is an increase from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, June 9th. Alphabet's dividend payout ratio (DPR) is presently 9.36%.

Insider Activity at Alphabet

In other news, Director Kavitark Ram Shriram sold 9,000 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total value of $1,575,000.00. Following the completion of the sale, the director directly owned 255,400 shares in the company, valued at approximately $44,695,000. The trade was a 3.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the business'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 completion of the sale, the chief executive officer owned 2,559,892 shares of the company's stock, valued at approximately $456,991,919.84. The trade was a 1.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 215,643 shares of company stock valued at $36,330,928. Company insiders own 12.99% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on GOOG shares. UBS Group lowered their price objective on shares of Alphabet from $209.00 to $173.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. BNP Paribas downgraded shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 26th. Citigroup reiterated a "sell" rating on shares of Alphabet in a report on Wednesday, April 23rd. Needham & Company LLC cut shares of Alphabet from a "buy" rating to a "cautious" rating in a report on Friday, May 2nd. Finally, Oppenheimer upped their price objective on shares of Alphabet from $185.00 to $200.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and six have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $206.38.

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.