GSG Advisors LLC Sells 601 Shares of Alphabet Inc. (NASDAQ:GOOGL)

GSG Advisors LLC lessened its stake in Alphabet Inc. (NASDAQ:GOOGL) by 9.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,641 shares of the information services provider’s stock after selling 601 shares during the quarter. GSG Advisors LLC’s holdings in Alphabet were worth $874,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Alphabet by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 493,810,251 shares of the information services provider’s stock valued at $68,980,354,000 after acquiring an additional 6,374,756 shares during the last quarter. FMR LLC increased its position in shares of Alphabet by 5.6% during the third quarter. FMR LLC now owns 227,317,469 shares of the information services provider’s stock valued at $29,746,764,000 after acquiring an additional 12,070,681 shares during the last quarter. Norges Bank purchased a new stake in shares of Alphabet during the fourth quarter valued at approximately $15,441,917,000. Northern Trust Corp increased its position in shares of Alphabet by 3.7% during the third quarter. Northern Trust Corp now owns 67,684,197 shares of the information services provider’s stock valued at $8,857,154,000 after acquiring an additional 2,416,328 shares during the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of Alphabet by 3.4% during the fourth quarter. Fisher Asset Management LLC now owns 45,220,857 shares of the information services provider’s stock valued at $6,316,902,000 after acquiring an additional 1,472,043 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Up 1.9 %

GOOGL opened at $179.63 on Monday. The company has a market cap of $2.22 trillion, a P/E ratio of 27.55, a P/E/G ratio of 1.32 and a beta of 1.01. The business’s 50-day moving average price is $170.05 and its 200-day moving average price is $152.72. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 12 month low of $115.35 and a 12 month high of $180.85.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The firm had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $66.04 billion. During the same quarter in the previous year, the business earned $1.17 earnings per share. On average, equities analysts expect that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly 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 was Monday, June 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.45%. Alphabet’s dividend payout ratio is presently 12.27%.

Insider Activity at Alphabet

In related news, insider John Kent Walker sold 12,084 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $151.19, for a total transaction of $1,826,979.96. Following 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 document filed with the SEC, which can be accessed through the SEC website. In other Alphabet news, insider John Kent Walker sold 12,084 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $151.19, for a total transaction of $1,826,979.96. Following the transaction, the insider now owns 48,717 shares in the company, valued at approximately $7,365,523.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $177.92, for a total value of $266,880.00. Following the transaction, the director now owns 3,727 shares in the company, valued at approximately $663,107.84. The disclosure for this sale can be found here. Insiders have sold a total of 135,958 shares of company stock worth $22,383,553 in the last 90 days. Company insiders own 11.55% of the company’s stock.

Analyst Ratings Changes

GOOGL has been the subject of a number of recent research reports. Roth Mkm raised their target price on Alphabet from $164.00 to $202.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Bank of America reissued a “buy” rating and issued a $200.00 target price on shares of Alphabet in a research report on Tuesday, June 11th. Evercore ISI raised their target price on Alphabet from $220.00 to $225.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 11th. Jefferies Financial Group raised their target price on Alphabet from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, KeyCorp raised their target price on Alphabet from $165.00 to $175.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Five equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $193.26.

About Alphabet

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.