Stonehage Fleming Financial Services Holdings Ltd reduced its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 3.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,172,852 shares of the information services provider's stock after selling 43,268 shares during the quarter. Alphabet comprises about 6.0% of Stonehage Fleming Financial Services Holdings Ltd's portfolio, making the stock its 6th biggest position. Stonehage Fleming Financial Services Holdings Ltd's holdings in Alphabet were worth $208,052,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of Alphabet by 5.6% in the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider's stock valued at $22,901,000 after acquiring an additional 6,410 shares during the period. Revisor Wealth Management LLC increased its holdings in shares of Alphabet by 107.9% in the 1st quarter. Revisor Wealth Management LLC now owns 3,659 shares of the information services provider's stock valued at $572,000 after acquiring an additional 1,899 shares during the period. GAMMA Investing LLC increased its holdings in shares of Alphabet by 19.5% in the 1st quarter. GAMMA Investing LLC now owns 91,681 shares of the information services provider's stock valued at $14,323,000 after acquiring an additional 14,931 shares during the period. Exchange Traded Concepts LLC increased its holdings in shares of Alphabet by 328.3% in the 1st quarter. Exchange Traded Concepts LLC now owns 28,308 shares of the information services provider's stock valued at $4,423,000 after acquiring an additional 21,699 shares during the period. Finally, Great Lakes Retirement Inc. increased its holdings in shares of Alphabet by 21.0% in the 1st quarter. Great Lakes Retirement Inc. now owns 1,878 shares of the information services provider's stock valued at $293,000 after acquiring an additional 326 shares during the period. 27.26% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on GOOG shares. Roth Capital reiterated a "buy" rating on shares of Alphabet in a report on Wednesday, July 9th. Hsbc Global Res upgraded Alphabet to a "strong-buy" rating in a report on Tuesday, October 7th. Scotiabank lifted their price target on Alphabet from $200.00 to $240.00 and gave the company a "sector outperform" rating in a report on Tuesday, July 22nd. Cowen restated a "buy" rating on shares of Alphabet in a research note on Wednesday, October 8th. Finally, Oppenheimer restated an "outperform" rating and set a $270.00 target price (up from $235.00) on shares of Alphabet in a research note on Wednesday, September 3rd. Six research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Alphabet has a consensus rating of "Moderate Buy" and an average target price of $241.00.
Check Out Our Latest Report on GOOG
Insider Buying and Selling
In other news, CAO Amie Thuener O'toole sold 2,778 shares of the business's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $245.00, for a total value of $680,610.00. Following the completion of the transaction, the chief accounting officer owned 17,293 shares of the company's stock, valued at $4,236,785. The trade was a 13.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kavitark Ram Shriram sold 18,566 shares of the business's stock in a transaction dated 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 directly owned 243,400 shares of the company's stock, valued at approximately $45,213,984. This trade represents a 7.09% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 243,838 shares of company stock worth $53,070,333. Corporate insiders own 12.99% of the company's stock.
Alphabet Stock Performance
Shares of GOOG stock opened at $246.19 on Wednesday. The stock has a market cap of $2.98 trillion, a PE ratio of 26.22, a price-to-earnings-growth ratio of 1.65 and a beta of 1.00. The business has a 50-day simple moving average of $228.96 and a 200-day simple moving average of $191.00. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $256.70.
Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.19. The business had revenue of $96.43 billion during the quarter, compared to analysts' expectations of $93.67 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.The company's revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.89 EPS. On average, equities analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.
Alphabet Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 8th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, September 8th. Alphabet's payout ratio is 8.95%.
Alphabet Company Profile
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Free Report)
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.
Further Reading
Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOG - Free Report).
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