Grey Fox Wealth Advisors LLC Sells 196 Shares of Alphabet Inc. (NASDAQ:GOOG)

Grey Fox Wealth Advisors LLC lessened its holdings in Alphabet Inc. (NASDAQ:GOOG) by 5.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,480 shares of the information services provider’s stock after selling 196 shares during the period. Grey Fox Wealth Advisors LLC’s holdings in Alphabet were worth $530,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. RFG Advisory LLC grew its holdings in shares of Alphabet by 14.2% during the first quarter. RFG Advisory LLC now owns 27,558 shares of the information services provider’s stock worth $4,196,000 after purchasing an additional 3,424 shares during the last quarter. Boston Standard Wealth Management LLC bought a new stake in shares of Alphabet during the first quarter worth about $254,000. MCIA Inc bought a new stake in shares of Alphabet during the first quarter worth about $237,000. Shilanski & Associates Inc. grew its holdings in shares of Alphabet by 5.5% during the first quarter. Shilanski & Associates Inc. now owns 1,761 shares of the information services provider’s stock worth $268,000 after purchasing an additional 92 shares during the last quarter. Finally, Daymark Wealth Partners LLC grew its holdings in shares of Alphabet by 2.6% during the first quarter. Daymark Wealth Partners LLC now owns 102,719 shares of the information services provider’s stock worth $15,640,000 after purchasing an additional 2,598 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on GOOG shares. Stifel Nicolaus lifted their price objective on Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Morgan Stanley reissued an “overweight” rating and issued a $165.00 price target on shares of Alphabet in a research note on Thursday, April 11th. Finally, Oppenheimer boosted their price target on Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, Alphabet has a consensus rating of “Buy” and a consensus price target of $165.67.

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $180.26 on Friday. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a twelve month low of $115.83 and a twelve month high of $182.51. The stock’s 50 day moving average is $171.61 and its 200-day moving average is $153.96. The firm has a market capitalization of $2.23 trillion, a price-to-earnings ratio of 27.65, a PEG ratio of 1.33 and a beta of 1.01.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.38. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The company had revenue of $80.54 billion for the quarter, compared to analyst estimates of $78.75 billion. During the same period in the prior year, the firm earned $1.17 earnings per share. Alphabet’s revenue for the quarter was up 15.4% on a year-over-year basis. Sell-side analysts forecast that Alphabet Inc. will post 7.6 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently declared a — dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 10th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 10th. Alphabet’s dividend payout ratio (DPR) is currently 12.27%.

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $154.79, for a total transaction of $105,566.78. Following the completion of the sale, the chief accounting officer now owns 29,284 shares in the company, valued at $4,532,870.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Alphabet news, insider John Kent Walker sold 12,084 shares of the company’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $151.19, for a total value of $1,826,979.96. Following the completion of the transaction, the insider now owns 48,717 shares in the company, valued at approximately $7,365,523.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $154.79, for a total value of $105,566.78. Following the completion of the transaction, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at approximately $4,532,870.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 135,958 shares of company stock worth $22,383,553. 12.99% of the stock is owned by corporate insiders.

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.