Alphabet Inc. $GOOGL Shares Sold by Values Added Financial LLC

Values Added Financial LLC decreased its position in Alphabet Inc. (NASDAQ:GOOGL) by 5.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,657 shares of the information services provider’s stock after selling 611 shares during the quarter. Alphabet comprises approximately 0.9% of Values Added Financial LLC’s holdings, making the stock its 29th largest position. Values Added Financial LLC’s holdings in Alphabet were worth $1,878,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of GOOGL. Brighton Jones LLC lifted its holdings in shares of Alphabet by 3.9% in the fourth quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock valued at $20,886,000 after buying an additional 4,110 shares during the period. Revolve Wealth Partners LLC lifted its holdings in shares of Alphabet by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock valued at $2,826,000 after buying an additional 506 shares during the period. GAMMA Investing LLC raised its position in shares of Alphabet by 10.5% during the first quarter. GAMMA Investing LLC now owns 103,870 shares of the information services provider’s stock worth $16,062,000 after purchasing an additional 9,900 shares during the period. Insigneo Advisory Services LLC raised its position in shares of Alphabet by 7.6% during the first quarter. Insigneo Advisory Services LLC now owns 109,493 shares of the information services provider’s stock worth $16,932,000 after purchasing an additional 7,733 shares during the period. Finally, Rakuten Securities Inc. raised its position in shares of Alphabet by 22.5% during the first quarter. Rakuten Securities Inc. now owns 13,400 shares of the information services provider’s stock worth $2,072,000 after purchasing an additional 2,458 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Stock Performance

Shares of GOOGL stock opened at $253.30 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $256.96. The stock’s 50-day moving average is $231.55 and its two-hundred day moving average is $191.61. The firm has a market cap of $3.06 trillion, a P/E ratio of 26.98, a PEG ratio of 1.70 and a beta of 1.00.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.16. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.The company had revenue of $96.43 billion for the quarter, compared to analyst estimates of $93.60 billion. Analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

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 dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, September 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet’s dividend payout ratio is currently 8.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Citizens Jmp boosted their target price on Alphabet from $250.00 to $290.00 and gave the stock an “outperform” rating in a research report on Friday, September 19th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $288.00 target price on shares of Alphabet in a research report on Tuesday. Wedbush boosted their target price on Alphabet from $225.00 to $245.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 3rd. HSBC assumed coverage on Alphabet in a research report on Tuesday, October 7th. They set a “buy” rating and a $285.00 target price on the stock. Finally, UBS Group boosted their target price on Alphabet from $237.00 to $255.00 and gave the stock a “neutral” rating in a research report on Thursday, October 9th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $252.24.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 2,778 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $245.00, for a total transaction of $680,610.00. Following the transaction, the chief accounting officer owned 17,293 shares of the company’s stock, valued at approximately $4,236,785. This represents a 13.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John Kent Walker sold 23,820 shares of the 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 directly owned 42,999 shares in the company, valued at approximately $8,371,905.30. This represents a 35.65% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 246,150 shares of company stock valued at $55,805,379. Insiders own 11.64% 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.