Roundview Capital LLC Has $44.19 Million Holdings in Alphabet Inc. $GOOG

Key Points

• Roundview Capital LLC reduced its stake in Alphabet Inc. by 0.9%, holding 249,125 shares valued at approximately $44.19 million, making it the firm’s 6th biggest position.
• Alphabet's stock has received various analyst ratings, with six analysts giving it a Strong Buy rating and a consensus price target of $241.00.
• Alphabet recently announced a quarterly dividend of $0.21 per share, giving it a dividend yield of 0.3% and a payout ratio of 8.95%.

Roundview Capital LLC reduced its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 0.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 249,125 shares of the information services provider's stock after selling 2,362 shares during the quarter. Alphabet accounts for approximately 3.0% of Roundview Capital LLC's holdings, making the stock its 6th biggest position. Roundview Capital LLC's holdings in Alphabet were worth $44,192,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in GOOG. Kingstone Capital Partners Texas LLC lifted its position in shares of Alphabet by 580,897.4% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 135,087,705 shares of the information services provider's stock valued at $23,963,208,000 after buying an additional 135,064,454 shares in the last quarter. Nuveen LLC purchased a new position in shares of Alphabet during the 1st quarter valued at about $2,622,943,000. Vanguard Group Inc. lifted its position in shares of Alphabet by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 411,570,922 shares of the information services provider's stock valued at $64,299,725,000 after buying an additional 9,687,855 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Alphabet by 9.9% during the 1st quarter. JPMorgan Chase & Co. now owns 102,232,997 shares of the information services provider's stock valued at $15,971,861,000 after buying an additional 9,243,959 shares in the last quarter. Finally, Strs Ohio purchased a new position in shares of Alphabet during the 1st quarter valued at about $369,713,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Barclays reissued a "buy" rating on shares of Alphabet in a research note on Wednesday, July 9th. Phillip Securities downgraded Alphabet from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, September 8th. Robert W. Baird lifted their target price on Alphabet from $215.00 to $275.00 and gave the company an "outperform" rating in a research note on Monday, September 22nd. Lake Street Capital reissued a "buy" rating on shares of Alphabet in a research note on Wednesday, July 9th. Finally, Roth Capital reissued a "buy" rating on shares of Alphabet in a research note on Wednesday, July 9th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, Alphabet currently has an average rating of "Moderate Buy" and a consensus price target of $241.00.

Alphabet Stock Performance

NASDAQ:GOOG opened at $242.21 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $256.70. The stock's 50 day simple moving average is $226.01 and its two-hundred day simple moving average is $189.21. The company has a market cap of $2.93 trillion, a price-to-earnings ratio of 25.79, a PEG ratio of 1.66 and a beta of 1.00.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.12 by $0.19. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.The business had revenue of $96.43 billion for the quarter, compared to the consensus estimate of $93.67 billion. During the same quarter in the previous year, the company posted $1.89 EPS. The company's revenue was up 13.8% compared to the same quarter last year. As a group, equities analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 8th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, September 8th. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. Alphabet's payout ratio is currently 8.95%.

Insider Activity

In other news, Director Kavitark Ram Shriram sold 18,566 shares of the business's stock in a transaction that occurred on 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 transaction, the director owned 243,400 shares of the company's stock, valued at approximately $45,213,984. The trade was a 7.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John Kent Walker sold 23,820 shares of the business's stock in a transaction that occurred on 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 276,738 shares of company stock valued at $59,135,475. 12.99% of the stock is currently owned by insiders.

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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