Alphabet Inc. $GOOGL Stock Position Lowered by American Institute for Advanced Investment Management LLP

American Institute for Advanced Investment Management LLP lessened its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 4.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,832 shares of the information services provider’s stock after selling 193 shares during the period. American Institute for Advanced Investment Management LLP’s holdings in Alphabet were worth $667,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Sumitomo Life Insurance Co. boosted its holdings in shares of Alphabet by 3.2% during the second quarter. Sumitomo Life Insurance Co. now owns 184,544 shares of the information services provider’s stock worth $32,522,000 after purchasing an additional 5,750 shares during the period. GHP Investment Advisors Inc. boosted its stake in shares of Alphabet by 1.0% during the 2nd quarter. GHP Investment Advisors Inc. now owns 26,096 shares of the information services provider’s stock valued at $4,599,000 after buying an additional 246 shares during the period. Plato Investment Management Ltd grew its holdings in shares of Alphabet by 2.4% during the 2nd quarter. Plato Investment Management Ltd now owns 131,412 shares of the information services provider’s stock valued at $23,074,000 after acquiring an additional 3,105 shares in the last quarter. Atlas Private Wealth Advisors increased its stake in shares of Alphabet by 4.2% in the second quarter. Atlas Private Wealth Advisors now owns 9,161 shares of the information services provider’s stock worth $1,614,000 after acquiring an additional 367 shares during the last quarter. Finally, Kesler Norman & Wride LLC raised its holdings in shares of Alphabet by 2.9% during the second quarter. Kesler Norman & Wride LLC now owns 25,745 shares of the information services provider’s stock worth $4,537,000 after acquiring an additional 729 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $278.57 on Friday. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $292.01. The company has a market cap of $3.36 trillion, a P/E ratio of 27.47, a P/E/G ratio of 1.86 and a beta of 1.05. The business’s 50 day moving average is $256.42 and its two-hundred day moving average is $207.79. 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:GOOGL) last announced its quarterly earnings data on Wednesday, October 29th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.58. Alphabet had a net margin of 32.23% and a return on equity of 36.08%. The business had revenue of $102.35 billion for the quarter, compared to the consensus estimate of $99.90 billion. On average, equities analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 8th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, December 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 8.28%.

Insiders Place Their Bets

In related news, Director John L. Hennessy sold 600 shares of Alphabet stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $242.92, for a total transaction of $145,752.00. Following the sale, the director directly owned 5,116 shares of the company’s stock, valued at $1,242,778.72. This trade represents a 10.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Kent Walker sold 17,816 shares of the company’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $247.42, for a total value of $4,408,034.72. Following the completion of the transaction, the insider directly owned 42,985 shares of the company’s stock, valued at approximately $10,635,348.70. This trade represents a 29.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 221,796 shares of company stock valued at $53,983,001 in the last quarter. 11.55% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on GOOGL shares. New Street Research boosted their target price on Alphabet from $275.00 to $295.00 in a research note on Friday, October 24th. Sanford C. Bernstein boosted their price target on Alphabet from $260.00 to $305.00 and gave the company a “market perform” rating in a research note on Thursday, October 30th. Moffett Nathanson raised their price objective on shares of Alphabet from $295.00 to $305.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Citizens Jmp boosted their target price on shares of Alphabet from $250.00 to $290.00 and gave the stock an “outperform” rating in a research report on Friday, September 19th. Finally, HSBC raised their price target on shares of Alphabet from $295.00 to $335.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $304.10.

Alphabet Company 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.