Werba Rubin Papier Wealth Management Has $1.92 Million Holdings in Alphabet Inc. (NASDAQ:GOOG)

Key Points

• Werba Rubin Papier Wealth Management reduced its holdings in Alphabet Inc. by 14.2% in Q1, owning 12,259 shares valued at approximately $1.92 million.
• Multiple institutional investors have increased their stakes in Alphabet, with Brighton Jones LLC, Bank Pictet & Cie, and Schroder Investment Management Group among those raising their positions significantly in the fourth quarter.
• Alphabet reported a Q2 earnings per share of $2.31, exceeding analyst estimates, and revealed a quarterly dividend of $0.21 per share set to be paid on September 15th.

Werba Rubin Papier Wealth Management cut its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 14.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,259 shares of the information services provider's stock after selling 2,030 shares during the quarter. Werba Rubin Papier Wealth Management's holdings in Alphabet were worth $1,915,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in 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 purchasing an additional 6,410 shares during the last quarter. Bank Pictet & Cie Europe AG increased its position in Alphabet by 4.3% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 506,535 shares of the information services provider's stock worth $96,465,000 after buying an additional 20,855 shares during the last quarter. Schroder Investment Management Group raised its stake in Alphabet by 13.1% in the fourth quarter. Schroder Investment Management Group now owns 2,607,560 shares of the information services provider's stock valued at $496,584,000 after buying an additional 302,288 shares during the period. Portland Global Advisors LLC lifted its position in shares of Alphabet by 2.1% in the fourth quarter. Portland Global Advisors LLC now owns 4,189 shares of the information services provider's stock valued at $798,000 after buying an additional 86 shares during the last quarter. Finally, RWA Wealth Partners LLC lifted its position in shares of Alphabet by 2.8% in the fourth quarter. RWA Wealth Partners LLC now owns 161,558 shares of the information services provider's stock valued at $30,767,000 after buying an additional 4,443 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GOOG has been the topic of a number of recent analyst reports. Oppenheimer reissued an "outperform" rating and set a $235.00 target price (up from $220.00) on shares of Alphabet in a report on Thursday. Cowen reaffirmed a "buy" rating on shares of Alphabet in a research report on Wednesday, July 9th. Wells Fargo & Company reiterated an "equal weight" rating on shares of Alphabet in a report on Wednesday, July 9th. Rosenblatt Securities upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Finally, Citigroup reaffirmed 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, six have assigned a hold rating, seventeen have assigned a buy rating and five have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $215.19.

Insiders Place Their Bets

In related news, Director Kavitark Ram Shriram sold 18,566 shares of the stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $185.76, for a total transaction of $3,448,820.16. Following the sale, the director owned 243,400 shares in the company, valued at approximately $45,213,984. This trade represents a 7.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $184.38, for a total transaction of $5,992,350.00. Following the transaction, the chief executive officer owned 2,527,392 shares of the company's stock, valued at approximately $466,000,536.96. This represents a 1.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 249,409 shares of company stock worth $43,523,710 over the last ninety days. Corporate insiders own 12.99% of the company's stock.

Alphabet Trading Up 0.5%

Shares of NASDAQ:GOOG opened at $194.08 on Monday. The business's 50 day simple moving average is $176.86 and its 200 day simple moving average is $174.38. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $208.70. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. The company has a market capitalization of $2.36 trillion, a P/E ratio of 20.67, a P/E/G ratio of 1.31 and a beta of 1.01.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, beating 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 firm had revenue of $96.43 billion during the quarter, compared to the consensus estimate of $93.67 billion. During the same period in the prior year, the company posted $1.89 EPS. The company's revenue was up 13.8% compared to the same quarter last year. On average, research analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 8th will be given a dividend of $0.21 per share. The ex-dividend date is Monday, September 8th. This represents a $0.84 annualized dividend and a yield of 0.43%. Alphabet's dividend payout ratio is 8.95%.

About Alphabet

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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