Alphabet Inc. $GOOG is Westwind Capital's 10th Largest Position

Key Points

• Westwind Capital increased its stake in Alphabet Inc. (NASDAQ:GOOG) by 1.3% in Q2, owning a total of 124,836 shares valued at approximately $22.1 million.
• Several other institutional investors have also raised their holdings in Alphabet, contributing to 27.26% of the company's stock currently owned by institutional investors.
• Alphabet recently declared a quarterly dividend of $0.21 per share, with an annualized yield of 0.3% as of the ex-dividend date of September 8th.

Westwind Capital grew its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 124,836 shares of the information services provider's stock after purchasing an additional 1,612 shares during the quarter. Alphabet comprises approximately 4.5% of Westwind Capital's investment portfolio, making the stock its 10th biggest position. Westwind Capital's holdings in Alphabet were worth $22,145,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GOOG. Principia Wealth Advisory LLC lifted its stake in Alphabet by 111.8% during the first quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock worth $26,000 after purchasing an additional 85 shares during the last quarter. MorganRosel Wealth Management LLC bought a new position in shares of Alphabet in the 1st quarter valued at $26,000. Goodman Advisory Group LLC bought a new position in shares of Alphabet in the 1st quarter valued at $32,000. Greykasell Wealth Strategies Inc. bought a new position in Alphabet during the 1st quarter worth $32,000. Finally, Elevate Wealth Advisory Inc. bought a new position in Alphabet during the 1st quarter worth $34,000. Institutional investors and hedge funds own 27.26% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Raymond James Financial restated an "outperform" rating and set a $210.00 price objective (up previously from $185.00) on shares of Alphabet in a report on Thursday, July 24th. Wells Fargo & Company reiterated an "equal weight" rating on shares of Alphabet in a research note on Wednesday, July 9th. Roth Capital reiterated a "buy" rating on shares of Alphabet in a research note on Wednesday, July 9th. BNP Paribas downgraded Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 26th. Finally, Robert W. Baird increased their target price on Alphabet from $215.00 to $275.00 and gave the stock an "outperform" rating in a research report on Monday. Four analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, Alphabet presently has an average rating of "Moderate Buy" and a consensus target price of $230.35.

Alphabet Trading Down 0.3%

Shares of Alphabet stock traded down $0.64 during trading on Tuesday, reaching $252.24. 8,767,584 shares of the stock were exchanged, compared to its average volume of 23,933,424. 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 1 year low of $142.66 and a 1 year high of $256.70. The stock's fifty day moving average is $211.48 and its 200 day moving average is $182.24. The firm has a market cap of $3.05 trillion, a price-to-earnings ratio of 26.87, a price-to-earnings-growth ratio of 1.72 and a beta of 1.01.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, topping the consensus estimate of $2.12 by $0.19. 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 analyst estimates of $93.67 billion. During the same period last year, the business posted $1.89 earnings per share. Alphabet's quarterly revenue was up 13.8% compared to the same quarter last year. As a group, equities research analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

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

Insider Activity

In related news, insider John Kent Walker sold 23,820 shares of Alphabet stock in a transaction on Monday, August 4th. The shares were sold at an average price of $194.70, for a total transaction of $4,637,754.00. Following the transaction, the insider owned 42,999 shares in the company, valued at approximately $8,371,905.30. The trade was a 35.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amie Thuener O'toole sold 2,778 shares of the business's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $245.00, for a total transaction of $680,610.00. Following the completion of the sale, the chief accounting officer owned 17,293 shares in the company, valued at approximately $4,236,785. The trade was a 13.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 258,088 shares of company stock worth $52,405,304 in the last quarter. Corporate insiders own 12.99% of the company's stock.

Alphabet 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.