Wolff Wiese Magana LLC Sells 258 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Wolff Wiese Magana LLC cut its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,108 shares of the information services provider’s stock after selling 258 shares during the quarter. Wolff Wiese Magana LLC’s holdings in Alphabet were worth $1,375,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GOOGL. Vanguard Group Inc. raised its holdings in shares of Alphabet by 1.3% in 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 buying an additional 6,374,756 shares during the last quarter. Norges Bank bought a new position in shares of Alphabet in the fourth quarter valued at about $15,441,917,000. Fisher Asset Management LLC raised its holdings in shares of Alphabet by 3.4% in 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 buying an additional 1,472,043 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Alphabet by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 34,910,194 shares of the information services provider’s stock valued at $4,876,605,000 after buying an additional 874,919 shares during the last quarter. Finally, Capital International Investors raised its holdings in shares of Alphabet by 2.3% in the fourth quarter. Capital International Investors now owns 30,408,933 shares of the information services provider’s stock valued at $4,247,868,000 after buying an additional 686,514 shares during the last quarter. 40.03% of the stock is owned by institutional investors.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $183.47, for a total value of $125,126.54. Following the sale, the chief accounting officer now owns 30,650 shares in the company, valued at approximately $5,623,355.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $183.47, for a total value of $125,126.54. Following the sale, the chief accounting officer now owns 30,650 shares in the company, valued at approximately $5,623,355.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $157.41, for a total value of $3,541,725.00. Following the sale, the chief executive officer now owns 2,303,011 shares in the company, valued at approximately $362,516,961.51. The disclosure for this sale can be found here. In the last quarter, insiders have sold 123,788 shares of company stock worth $21,143,403. Corporate insiders own 11.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on GOOGL shares. Sanford C. Bernstein lifted their price target on Alphabet from $165.00 to $180.00 and gave the company a “market perform” rating in a report on Friday, April 26th. Morgan Stanley reaffirmed an “overweight” rating and issued a $195.00 price target on shares of Alphabet in a report on Wednesday, May 15th. Raymond James lifted their price objective on Alphabet from $160.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Jefferies Financial Group lifted their price objective on Alphabet from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Finally, Susquehanna lifted their price objective on Alphabet from $170.00 to $225.00 and gave the stock a “positive” rating in a research report on Monday, April 29th. Six analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and a consensus price target of $193.66.

Alphabet Trading Up 0.3 %

NASDAQ:GOOGL opened at $185.82 on Friday. Alphabet Inc. has a fifty-two week low of $115.35 and a fifty-two week high of $186.09. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.15. The stock has a market capitalization of $2.30 trillion, a PE ratio of 28.50, a price-to-earnings-growth ratio of 1.39 and a beta of 1.05. The business’s 50-day simple moving average is $174.46 and its 200-day simple moving average is $155.39.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.49 by $0.40. The firm had revenue of $80.54 billion for the quarter, compared to analysts’ expectations 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 business posted $1.17 EPS. Sell-side analysts expect that Alphabet Inc. will post 7.6 earnings per share for the current fiscal year.

Alphabet Announces Dividend

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

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.