Vanguard Capital Wealth Advisors Reduces Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Vanguard Capital Wealth Advisors decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,033 shares of the information services provider’s stock after selling 200 shares during the period. Vanguard Capital Wealth Advisors’ holdings in Alphabet were worth $760,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Pegasus Partners Ltd. increased its stake in Alphabet by 6.1% in the 3rd quarter. Pegasus Partners Ltd. now owns 30,567 shares of the information services provider’s stock worth $4,000,000 after buying an additional 1,757 shares during the period. Parkside Financial Bank & Trust grew its stake in Alphabet by 3.4% in the 3rd quarter. Parkside Financial Bank & Trust now owns 19,763 shares of the information services provider’s stock worth $2,586,000 after acquiring an additional 647 shares in the last quarter. Paragon Private Wealth Management LLC raised its stake in shares of Alphabet by 1.6% during the third quarter. Paragon Private Wealth Management LLC now owns 21,739 shares of the information services provider’s stock valued at $2,845,000 after acquiring an additional 341 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of Alphabet by 14.9% during the third quarter. O Shaughnessy Asset Management LLC now owns 408,922 shares of the information services provider’s stock valued at $53,512,000 after acquiring an additional 53,123 shares in the last quarter. Finally, O ROURKE & COMPANY Inc grew its stake in Alphabet by 4.7% in the third quarter. O ROURKE & COMPANY Inc now owns 17,823 shares of the information services provider’s stock worth $2,332,000 after purchasing an additional 793 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Activity at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $177.92, for a total transaction of $266,880.00. Following the completion of the transaction, the director now owns 3,727 shares in the company, valued at approximately $663,107.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $177.92, for a total transaction of $266,880.00. Following the completion of the transaction, the director now directly owns 3,727 shares of the company’s stock, valued at approximately $663,107.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $177.40, for a total transaction of $3,991,500.00. Following the completion of the transaction, the chief executive officer now owns 2,213,011 shares of the company’s stock, valued at $392,588,151.40. The disclosure for this sale can be found here. Insiders sold 146,284 shares of company stock worth $24,534,393 over the last three months. Company insiders own 11.55% of the company’s stock.

Alphabet Stock Down 1.8 %

Shares of GOOGL stock opened at $182.15 on Friday. Alphabet Inc. has a fifty-two week low of $115.35 and a fifty-two week high of $186.05. The firm has a market capitalization of $2.25 trillion, a PE ratio of 27.94, a P/E/G ratio of 1.39 and a beta of 1.01. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15. The stock’s 50-day simple moving average is $172.85 and its 200-day simple moving average is $154.29.

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

Alphabet Announces Dividend

The firm also recently announced 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 of this dividend was Monday, June 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.44%. Alphabet’s dividend payout ratio (DPR) is presently 12.27%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on GOOGL. Piper Sandler reaffirmed an “overweight” rating and set a $200.00 target price (up from $160.00) on shares of Alphabet in a research report on Friday, April 26th. Argus lifted their price objective on Alphabet from $170.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. JMP Securities reaffirmed a “market outperform” rating and issued a $200.00 price objective on shares of Alphabet in a research note on Wednesday, May 15th. Evercore ISI raised their target price on shares of Alphabet from $220.00 to $225.00 and gave the company an “outperform” rating in a research report on Tuesday, June 11th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $181.00 price target (down previously from $182.00) on shares of Alphabet in a research report on Friday. Six research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $193.66.

Alphabet Company 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.