Realta Investment Advisors Decreases Position in Alphabet Inc. $GOOGL

Key Points

• Realta Investment Advisors has reduced its stake in Alphabet Inc. (GOOGL) by 11.0%, now holding approximately 10,868 shares worth about $1,915,000.
• Alphabet reported earnings per share of $2.31 for the last quarter, surpassing estimates, with a total revenue of $96.43 billion.
• The company has recently declared a quarterly dividend of $0.21 per share, resulting in an annualized yield of 0.4%.

Realta Investment Advisors cut its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 11.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,868 shares of the information services provider's stock after selling 1,350 shares during the quarter. Realta Investment Advisors' holdings in Alphabet were worth $1,915,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Missouri Trust & Investment Co boosted its position in shares of Alphabet by 0.3% during the second quarter. Missouri Trust & Investment Co now owns 16,916 shares of the information services provider's stock worth $2,981,000 after acquiring an additional 55 shares during the last quarter. AM Investment Strategies LLC boosted its position in shares of Alphabet by 0.9% during the second quarter. AM Investment Strategies LLC now owns 6,477 shares of the information services provider's stock worth $1,141,000 after acquiring an additional 57 shares during the last quarter. Bfsg LLC boosted its position in shares of Alphabet by 0.6% during the second quarter. Bfsg LLC now owns 10,428 shares of the information services provider's stock worth $1,838,000 after acquiring an additional 59 shares during the last quarter. Financial Council LLC boosted its position in shares of Alphabet by 1.0% during the second quarter. Financial Council LLC now owns 5,800 shares of the information services provider's stock worth $1,022,000 after acquiring an additional 60 shares during the last quarter. Finally, Enzi Wealth boosted its position in shares of Alphabet by 2.5% during the first quarter. Enzi Wealth now owns 2,561 shares of the information services provider's stock worth $408,000 after acquiring an additional 62 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Alphabet Trading Down 2.1%

Shares of GOOGL opened at $236.57 on Monday. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $256.00. The company has a market cap of $2.86 trillion, a P/E ratio of 25.19, a P/E/G ratio of 1.60 and a beta of 1.00. 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 company's fifty day simple moving average is $226.31 and its 200-day simple moving average is $188.84.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.16. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The business had revenue of $96.43 billion for the quarter, compared to the consensus estimate of $93.60 billion. As a group, analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Hsbc Global Res raised shares of Alphabet to a "strong-buy" rating in a research note on Tuesday, October 7th. Wedbush upped their price target on shares of Alphabet from $225.00 to $245.00 and gave the company an "outperform" rating in a research note on Wednesday, September 3rd. Stifel Nicolaus upped their price target on shares of Alphabet from $200.00 to $218.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. BNP Paribas downgraded shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 26th. Finally, BMO Capital Markets set a $294.00 price target on shares of Alphabet and gave the company an "outperform" rating in a research note on Thursday. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $245.88.

Insider Transactions at Alphabet

In other news, insider John Kent Walker sold 23,820 shares of the company'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 directly owned 42,999 shares in the company, valued at approximately $8,371,905.30. This represents a 35.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kavitark Ram Shriram sold 18,566 shares of the company's stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $185.76, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 276,338 shares of company stock worth $59,062,683. Insiders own 11.64% of the company's stock.

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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