Quattro Financial Advisors LLC Has $5.97 Million Stake in Alphabet Inc. $GOOGL

Key Points

• Quattro Financial Advisors LLC reduced its stake in Alphabet Inc. by 13.3% in the second quarter, now holding 33,870 shares valued at approximately $5.97 million.
• Alphabet reported a quarterly revenue of $96.43 billion with an EPS of $2.31, exceeding analysts' expectations of $2.15.
• The company declared a quarterly dividend of $0.21, equating to an annualized dividend of $0.84 and a yield of 0.4%.

Quattro Financial Advisors LLC trimmed its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 13.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,870 shares of the information services provider's stock after selling 5,213 shares during the period. Alphabet comprises about 2.1% of Quattro Financial Advisors LLC's investment portfolio, making the stock its 15th largest holding. Quattro Financial Advisors LLC's holdings in Alphabet were worth $5,969,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Guardian Wealth Management Inc. boosted its position in shares of Alphabet by 242.9% during the first quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider's stock worth $26,000 after buying an additional 119 shares during the period. von Borstel & Associates Inc. acquired a new position in shares of Alphabet during the first quarter worth about $28,000. IMA Advisory Services Inc. acquired a new position in shares of Alphabet during the first quarter worth about $28,000. NBZ Investment Advisors LLC boosted its position in shares of Alphabet by 85.7% during the first quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider's stock worth $30,000 after buying an additional 90 shares during the period. Finally, Financial Gravity Asset Management Inc. acquired a new position in shares of Alphabet during the first quarter worth about $39,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $236.57 on Friday. The business's 50 day moving average is $226.31 and its 200-day moving average is $188.49. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $256.00. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. The firm has a market cap of $2.86 trillion, a P/E ratio of 25.19, a price-to-earnings-growth ratio of 1.63 and a beta of 1.00.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, topping analysts' consensus estimates of $2.15 by $0.16. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.The firm had revenue of $96.43 billion for the quarter, compared to analyst estimates of $93.60 billion. Equities research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

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

Insider Activity

In other news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $184.38, for a total value of $5,992,350.00. Following the transaction, the chief executive officer owned 2,527,392 shares in the company, valued at approximately $466,000,536.96. This trade represents a 1.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kavitark Ram Shriram sold 18,566 shares of Alphabet stock in a transaction 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 completion of the transaction, the director owned 243,400 shares in the company, valued at approximately $45,213,984. The trade was a 7.09% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 276,738 shares of company stock worth $59,135,475. Insiders own 11.64% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on GOOGL. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Alphabet in a research report on Wednesday. Guggenheim upped their price objective on Alphabet from $190.00 to $210.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Citigroup upped their price objective on Alphabet from $225.00 to $280.00 and gave the stock a "buy" rating in a research report on Monday, September 15th. Wolfe Research increased their price target on Alphabet from $220.00 to $290.00 in a research report on Tuesday, September 30th. Finally, Loop Capital reissued a "hold" rating and set a $190.00 price target (up from $165.00) on shares of Alphabet in a research report on Tuesday, August 5th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Alphabet has a consensus rating of "Moderate Buy" and a consensus target price of $245.88.

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.

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