YHB Investment Advisors Inc. Has $25.37 Million Stock Holdings in Alphabet Inc. $GOOG

Key Points

• YHB Investment Advisors Inc. has decreased its holdings in Alphabet Inc. by 1.6%, owning 143,042 shares after selling 2,355 shares in the second quarter, making it the 10th largest position in their portfolio.
• Several large firms, including Vanguard Group Inc. and JPMorgan Chase & Co., increased their stakes in Alphabet during the first quarter, indicating confidence among institutional investors.
• Alphabet's recent earnings report showed an EPS of $2.31, exceeding estimates, and a year-over-year revenue growth of 13.8%, highlighting positive financial performance.

YHB Investment Advisors Inc. lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 1.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 143,042 shares of the information services provider's stock after selling 2,355 shares during the quarter. Alphabet comprises approximately 2.0% of YHB Investment Advisors Inc.'s portfolio, making the stock its 10th biggest holding. YHB Investment Advisors Inc.'s holdings in Alphabet were worth $25,374,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of GOOG. NCM Capital Management LLC grew its stake in Alphabet by 2.2% in the 1st quarter. NCM Capital Management LLC now owns 2,802 shares of the information services provider's stock valued at $438,000 after buying an additional 60 shares in the last quarter. Legacy Private Trust Co. raised its stake in shares of Alphabet by 0.6% during the 2nd quarter. Legacy Private Trust Co. now owns 9,956 shares of the information services provider's stock valued at $1,766,000 after purchasing an additional 60 shares during the period. Faithward Advisors LLC lifted its holdings in Alphabet by 2.5% during the 1st quarter. Faithward Advisors LLC now owns 2,505 shares of the information services provider's stock worth $391,000 after purchasing an additional 61 shares in the last quarter. SK Wealth Management LLC boosted its stake in Alphabet by 4.4% in the 2nd quarter. SK Wealth Management LLC now owns 1,436 shares of the information services provider's stock worth $255,000 after purchasing an additional 61 shares during the period. Finally, Objectivity Squared LLC grew its holdings in Alphabet by 0.4% during the 1st quarter. Objectivity Squared LLC now owns 16,342 shares of the information services provider's stock valued at $2,605,000 after buying an additional 62 shares in the last quarter. Institutional investors own 27.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GOOG. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of Alphabet in a research note on Wednesday, July 9th. Piper Sandler reiterated a "neutral" rating on shares of Alphabet in a research report on Wednesday, July 9th. BNP Paribas cut Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 26th. Citizens Jmp raised Alphabet from a "hold" rating to a "strong-buy" rating in a report on Thursday, June 26th. Finally, Robert W. Baird boosted their price objective on Alphabet from $215.00 to $275.00 and gave the stock an "outperform" rating in a report on Monday. Four analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $230.35.

Alphabet Price Performance

Shares of NASDAQ GOOG traded down $3.35 during trading hours on Monday, reaching $251.89. 14,156,217 shares of the stock traded hands, compared to its average volume of 23,983,736. The company's 50-day simple moving average is $210.08 and its two-hundred day simple moving average is $181.70. The company has a market capitalization of $3.05 trillion, a P/E ratio of 26.85, a price-to-earnings-growth ratio of 1.72 and a beta of 1.01. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $256.70. 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 (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $96.43 billion for the quarter, compared to the consensus estimate of $93.67 billion. During the same period last year, the firm posted $1.89 earnings per share. The business's revenue was up 13.8% compared to the same quarter last year. Equities research analysts forecast that Alphabet Inc. will post 8.89 EPS for the current 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 paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis 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%.

Insider Activity at Alphabet

In other Alphabet news, insider John Kent Walker sold 23,820 shares of the business's stock in a transaction dated 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 owned 42,999 shares in the company, valued at approximately $8,371,905.30. The trade was a 35.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer owned 2,397,392 shares in the company, valued at approximately $598,149,304. This represents a 1.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 258,088 shares of company stock worth $52,405,304 over the last three months. 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.