Alphabet Inc. (NASDAQ:GOOGL) Holdings Decreased by Brio Consultants LLC

Brio Consultants LLC reduced its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 36.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,360 shares of the information services provider’s stock after selling 3,038 shares during the period. Brio Consultants LLC’s holdings in Alphabet were worth $829,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Carrera Capital Advisors raised its position in shares of Alphabet by 9.5% during the 1st quarter. Carrera Capital Advisors now owns 4,693 shares of the information services provider’s stock worth $726,000 after purchasing an additional 406 shares during the period. Schulhoff & Co. Inc. boosted its position in Alphabet by 23.1% during the 1st quarter. Schulhoff & Co. Inc. now owns 14,684 shares of the information services provider’s stock valued at $2,271,000 after purchasing an additional 2,753 shares during the period. Richards Merrill & Peterson Inc. grew its stake in Alphabet by 5.8% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 17,548 shares of the information services provider’s stock worth $2,714,000 after buying an additional 965 shares during the last quarter. Bryce Point Capital LLC acquired a new stake in Alphabet in the first quarter worth $869,000. Finally, Metis Global Partners LLC lifted its stake in Alphabet by 11.4% in the first quarter. Metis Global Partners LLC now owns 325,883 shares of the information services provider’s stock valued at $50,395,000 after buying an additional 33,275 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Alphabet Stock Down 0.2%

Shares of GOOGL opened at $194.67 on Wednesday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. The company has a 50-day moving average price of $179.29 and a two-hundred day moving average price of $172.97. The stock has a market cap of $2.35 trillion, a price-to-earnings ratio of 20.73, a P/E/G ratio of 1.32 and a beta of 1.01. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $207.05.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, topping the consensus estimate of $2.15 by $0.16. The business had revenue of $96,428,000 billion during the quarter, compared to the consensus estimate of $93.60 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%. Equities analysts predict that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 8th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Monday, September 8th. Alphabet’s dividend payout ratio (DPR) is currently 8.95%.

Wall Street Analyst Weigh In

GOOGL has been the subject of several recent research reports. Cantor Fitzgerald upped their price target on shares of Alphabet from $196.00 to $201.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Piper Sandler upped their target price on shares of Alphabet from $195.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Wells Fargo & Company raised their price target on shares of Alphabet from $184.00 to $187.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. Mizuho reduced their price objective on Alphabet from $230.00 to $205.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Finally, Bank of America increased their price objective on Alphabet from $210.00 to $217.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $211.53.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $178.52, for a total transaction of $5,801,900.00. Following the completion of the sale, the chief executive officer directly owned 2,559,892 shares of the company’s stock, valued at $456,991,919.84. This trade represents a 1.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John L. Hennessy sold 600 shares of the business’s stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total value of $105,000.00. Following the completion of the transaction, the director directly owned 6,813 shares in the company, valued at approximately $1,192,275. This represents a 8.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold 216,899 shares of company stock valued at $38,459,044 in the last ninety days. Insiders own 11.55% 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.