Realta Investment Advisors Has $4.63 Million Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Realta Investment Advisors cut its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 6.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,657 shares of the information services provider's stock after selling 1,945 shares during the quarter. Alphabet comprises about 2.1% of Realta Investment Advisors' portfolio, making the stock its 7th biggest holding. Realta Investment Advisors' holdings in Alphabet were worth $4,633,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in Alphabet in the 4th quarter valued at $5,166,070,000. GAMMA Investing LLC raised its holdings in Alphabet by 18,562.3% in the 1st quarter. GAMMA Investing LLC now owns 14,323,323 shares of the information services provider's stock valued at $2,237,733,000 after acquiring an additional 14,246,573 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Alphabet in the 4th quarter valued at $1,551,533,000. Northern Trust Corp raised its holdings in Alphabet by 16.1% in the 4th quarter. Northern Trust Corp now owns 57,098,042 shares of the information services provider's stock valued at $10,873,751,000 after acquiring an additional 7,917,625 shares in the last quarter. Finally, GQG Partners LLC raised its holdings in Alphabet by 181,679.1% in the 4th quarter. GQG Partners LLC now owns 7,225,721 shares of the information services provider's stock valued at $1,376,066,000 after acquiring an additional 7,221,746 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $178.52, for a total value of $5,801,900.00. Following the sale, the chief executive officer owned 2,559,892 shares in the company, valued at approximately $456,991,919.84. The trade was a 1.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kavitark Ram Shriram sold 9,000 shares of the company's stock in a transaction dated 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 sale, the director owned 255,400 shares in the company, valued at approximately $44,695,000. The trade was a 3.40% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 215,643 shares of company stock worth $36,330,928. Insiders own 12.99% of the company's stock.

Alphabet Trading Up 1.5%

NASDAQ GOOG opened at $181.31 on Friday. The business's 50-day moving average price is $171.50 and its two-hundred day moving average price is $175.07. Alphabet Inc. has a 12 month low of $142.66 and a 12 month high of $208.70. The firm has a market capitalization of $2.20 trillion, a PE ratio of 20.21, a price-to-earnings-growth ratio of 1.26 and a beta of 1.01. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.03.

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

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 9th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date was Monday, June 9th. This is a positive change from Alphabet's previous quarterly dividend of $0.20. Alphabet's payout ratio is 9.36%.

Analysts Set New Price Targets

Several brokerages have weighed in on GOOG. Rosenblatt Securities raised Alphabet from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. Oppenheimer reissued an "outperform" rating and set a $220.00 price target (up previously from $200.00) on shares of Alphabet in a report on Wednesday. BNP Paribas cut Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 26th. Westpark Capital reissued a "buy" rating and set a $210.00 price target on shares of Alphabet in a report on Friday, April 25th. Finally, Citigroup reissued a "sell" rating on shares of Alphabet in a report on Wednesday, April 23rd. Three research analysts have rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and six have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $207.13.

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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