SJS Investment Consulting Inc. Sells 2,121 Shares of Alphabet Inc. $GOOGL

Key Points

• SJS Investment Consulting Inc. has reduced its holdings in Alphabet Inc. by 16.1%, selling 2,121 shares and now owning 11,034 shares valued at approximately $1,945,000.
• Alphabet's recent earnings report showed an EPS of $2.31, exceeding estimates, with a revenue of $96.43 billion for the quarter.
• The company recently declared a quarterly dividend of $0.21 per share, reflecting an annual yield of 0.3%, with an 8.95% payout ratio.

SJS Investment Consulting Inc. lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 16.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,034 shares of the information services provider's stock after selling 2,121 shares during the period. Alphabet makes up 0.3% of SJS Investment Consulting Inc.'s investment portfolio, making the stock its 28th largest holding. SJS Investment Consulting Inc.'s holdings in Alphabet were worth $1,945,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Bfsg LLC boosted its stake in 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 in the last quarter. Enzi Wealth lifted its stake in shares of Alphabet by 2.5% in the first quarter. Enzi Wealth now owns 2,561 shares of the information services provider's stock worth $408,000 after buying an additional 62 shares in the last quarter. Park Capital Management LLC WI lifted its stake in shares of Alphabet by 1.1% in the second quarter. Park Capital Management LLC WI now owns 6,005 shares of the information services provider's stock worth $1,058,000 after buying an additional 65 shares in the last quarter. Wolff Financial Management LLC lifted its stake in shares of Alphabet by 2.6% in the second quarter. Wolff Financial Management LLC now owns 2,632 shares of the information services provider's stock worth $464,000 after buying an additional 66 shares in the last quarter. Finally, Whipplewood Advisors LLC lifted its stake in shares of Alphabet by 1.2% in the first quarter. Whipplewood Advisors LLC now owns 5,438 shares of the information services provider's stock worth $817,000 after buying an additional 67 shares in the last quarter. Institutional investors own 40.03% of the company's stock.

Alphabet Stock Up 0.3%

Shares of GOOGL stock opened at $246.54 on Friday. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $256.00. The stock has a market cap of $2.98 trillion, a P/E ratio of 26.26, a P/E/G ratio of 1.66 and a beta of 1.01. 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 has a 50 day simple moving average of $215.93 and a two-hundred day simple moving average of $183.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $93.60 billion. On average, research analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Canaccord Genuity Group upped their target price on shares of Alphabet from $230.00 to $270.00 and gave the stock a "buy" rating in a research note on Thursday, September 4th. KeyCorp upped their target price on shares of Alphabet from $230.00 to $265.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 3rd. Phillip Securities downgraded shares of Alphabet from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, September 8th. Melius Research upped their target price on shares of Alphabet from $220.00 to $255.00 in a research note on Thursday. Finally, Moffett Nathanson upped their target price on shares of Alphabet from $230.00 to $295.00 and gave the stock a "buy" rating in a research note on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $233.44.

Insider Buying and Selling at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $249.50, for a total value of $8,108,750.00. Following the completion of the sale, the chief executive officer directly owned 2,397,392 shares of the company's stock, valued at $598,149,304. This represents a 1.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John Kent Walker sold 23,820 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $194.70, for a total transaction of $4,637,754.00. Following the completion of the sale, the insider directly owned 42,999 shares of the company's stock, valued at approximately $8,371,905.30. This trade represents a 35.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 258,088 shares of company stock valued at $52,405,304 in the last quarter. 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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