Atlas Capital Advisors LLC Sells 19,262 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Atlas Capital Advisors LLC cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 51.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,941 shares of the information services provider’s stock after selling 19,262 shares during the period. Atlas Capital Advisors LLC’s holdings in Alphabet were worth $2,708,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Vermillion & White Wealth Management Group LLC purchased a new position in Alphabet in the fourth quarter worth $30,000. DiNuzzo Private Wealth Inc. purchased a new position in Alphabet during the 4th quarter worth $38,000. Meritage Group LP increased its position in Alphabet by 1,061.5% during the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock valued at $40,000 after buying an additional 276 shares in the last quarter. Armor Investment Advisors LLC raised its stake in Alphabet by 31.0% in the fourth quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock valued at $47,000 after buying an additional 80 shares during the last quarter. Finally, IAG Wealth Partners LLC boosted its holdings in Alphabet by 55.9% in the fourth quarter. IAG Wealth Partners LLC now owns 343 shares of the information services provider’s stock worth $48,000 after acquiring an additional 123 shares in the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Alphabet

In other Alphabet news, SVP Prabhakar Raghavan sold 3,258 shares of Alphabet stock in a transaction on Monday, April 1st. The stock was sold at an average price of $155.97, for a total value of $508,150.26. Following the sale, the senior vice president now owns 144,685 shares in the company, valued at $22,566,519.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director John L. Hennessy sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $177.92, for a total value of $266,880.00. Following the transaction, the director now directly owns 3,727 shares in the company, valued at approximately $663,107.84. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Prabhakar Raghavan sold 3,258 shares of Alphabet stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $155.97, for a total transaction of $508,150.26. Following the completion of the sale, the senior vice president now owns 144,685 shares of the company’s stock, valued at approximately $22,566,519.45. The disclosure for this sale can be found here. Over the last three months, insiders have sold 146,284 shares of company stock worth $24,534,393. Insiders own 11.55% of the company’s stock.

Alphabet Stock Up 0.8 %

GOOGL stock opened at $185.41 on Friday. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. The firm has a 50-day moving average of $171.70 and a two-hundred day moving average of $153.58. Alphabet Inc. has a 12 month low of $115.35 and a 12 month high of $186.05. The company has a market cap of $2.29 trillion, a price-to-earnings ratio of 28.44, a PEG ratio of 1.38 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The company had revenue of $80.54 billion for the quarter, compared to analyst estimates of $66.04 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. During the same quarter in the previous year, the company posted $1.17 earnings per share. As a group, analysts forecast that Alphabet Inc. will post 7.6 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 10th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend was Monday, June 10th. Alphabet’s payout ratio is presently 12.27%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on GOOGL shares. Rosenblatt Securities increased their price objective on shares of Alphabet from $172.00 to $182.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Robert W. Baird lifted their price objective on shares of Alphabet from $160.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Jefferies Financial Group upped their target price on Alphabet from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Wednesday. Raymond James lifted their price target on Alphabet from $160.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Finally, Tigress Financial increased their price objective on Alphabet from $176.00 to $210.00 and gave the company a “strong-buy” rating in a report on Friday, May 24th. Five equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $193.69.

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.