Walden Wealth Partners LLC Trims Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Walden Wealth Partners LLC cut its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 3.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,716 shares of the information services provider’s stock after selling 650 shares during the period. Alphabet makes up 1.6% of Walden Wealth Partners LLC’s holdings, making the stock its 16th biggest holding. Walden Wealth Partners LLC’s holdings in Alphabet were worth $2,692,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Partnership Wealth Management LLC acquired a new stake in shares of Alphabet during the fourth quarter valued at about $26,000. Bruce G. Allen Investments LLC acquired a new stake in shares of Alphabet during the fourth quarter valued at about $26,000. Equitec Proprietary Markets LLC acquired a new position in shares of Alphabet in the fourth quarter valued at approximately $28,000. DiNuzzo Private Wealth Inc. acquired a new position in shares of Alphabet in the fourth quarter valued at approximately $32,000. Finally, Richardson Financial Services Inc. acquired a new position in shares of Alphabet in the fourth quarter valued at approximately $34,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were 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 approximately $4,532,870.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were 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 approximately $4,532,870.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John L. Hennessy sold 800 shares of the company’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $159.56, for a total transaction of $127,648.00. Following the completion of the sale, the director now owns 7,991 shares of the company’s stock, valued at approximately $1,275,043.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 135,958 shares of company stock worth $22,383,553. 12.99% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

Alphabet Trading Up 1.4 %

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 52 week low of $115.83 and a 52 week high of $182.51. The stock has a market capitalization of $2.23 trillion, a PE ratio of 27.65, a price-to-earnings-growth ratio of 1.33 and a beta of 1.01. The firm has a 50 day moving average of $171.61 and a two-hundred day moving average of $153.96.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.51 by $0.38. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The company had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $78.75 billion. During the same quarter in the previous year, the business posted $1.17 EPS. The firm’s revenue was up 15.4% on a year-over-year basis. As a group, research analysts expect that Alphabet Inc. will post 7.6 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

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.