Capital Counsel LLC NY Has $231.70 Million Position in Alphabet Inc. $GOOG

Capital Counsel LLC NY lowered its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,306,181 shares of the information services provider’s stock after selling 12,212 shares during the period. Alphabet comprises about 9.4% of Capital Counsel LLC NY’s portfolio, making the stock its 5th biggest position. Capital Counsel LLC NY’s holdings in Alphabet were worth $231,703,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GOOG. Brighton Jones LLC raised its stake in shares of Alphabet by 5.6% during the fourth quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock valued at $22,901,000 after acquiring an additional 6,410 shares during the last quarter. R Squared Ltd acquired a new stake in Alphabet in the first quarter valued at $337,000. Beta Wealth Group Inc. raised its position in Alphabet by 2.3% during the 1st quarter. Beta Wealth Group Inc. now owns 18,577 shares of the information services provider’s stock worth $2,902,000 after purchasing an additional 426 shares during the last quarter. Liberty Wealth Management LLC lifted its holdings in Alphabet by 2,100.2% during the 1st quarter. Liberty Wealth Management LLC now owns 346,793 shares of the information services provider’s stock worth $54,179,000 after buying an additional 331,031 shares during the period. Finally, Cheviot Value Management LLC grew its position in shares of Alphabet by 221.9% in the 1st quarter. Cheviot Value Management LLC now owns 4,298 shares of the information services provider’s stock valued at $714,000 after buying an additional 2,963 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Stock Down 0.1%

Shares of NASDAQ GOOG opened at $319.95 on Monday. The firm has a market cap of $3.86 trillion, a PE ratio of 31.55, a P/E/G ratio of 1.86 and a beta of 1.05. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $328.67. The company’s fifty day simple moving average is $269.82 and its 200 day simple moving average is $220.34. 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) last posted its quarterly earnings results on Thursday, October 30th. The information services provider reported $2.87 earnings per share for the quarter, beating 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 firm had revenue of $102.35 billion during the quarter, compared to the consensus estimate of $99.90 billion. During the same period in the previous year, the firm posted $2.12 earnings per share. The business’s revenue was up 15.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 8th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Monday, December 8th. Alphabet’s dividend payout ratio is 8.28%.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 2,778 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $250.05, for a total value of $694,638.90. Following the completion of the sale, the chief accounting officer owned 14,516 shares of the company’s stock, valued at approximately $3,629,725.80. This trade represents a 16.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible 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 stock was sold at an average price of $247.42, for a total value of $4,408,034.72. Following the transaction, the insider directly owned 42,985 shares in the company, valued at $10,635,348.70. The trade was a 29.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 227,850 shares of company stock worth $58,874,814. Corporate insiders own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Cowen restated a “buy” rating on shares of Alphabet in a research report on Thursday, October 30th. Citigroup restated a “market outperform” rating on shares of Alphabet in a research report on Monday, November 24th. HSBC reaffirmed a “buy” rating and issued a $335.00 price objective on shares of Alphabet in a research note on Thursday, October 30th. Sanford C. Bernstein lifted their target price on shares of Alphabet from $260.00 to $305.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Alphabet from $260.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, October 27th. Seven equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $304.62.

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.