V2 Financial group LLC Has $1.15 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

V2 Financial group LLC decreased its stake in Alphabet Inc. (NASDAQ:GOOGL) by 1.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,800 shares of the information services provider’s stock after selling 84 shares during the period. Alphabet accounts for about 0.8% of V2 Financial group LLC’s holdings, making the stock its 20th biggest holding. V2 Financial group LLC’s holdings in Alphabet were worth $1,153,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. J. W. Coons Advisors LLC increased its stake in shares of Alphabet by 0.7% in the second quarter. J. W. Coons Advisors LLC now owns 36,557 shares of the information services provider’s stock valued at $6,659,000 after buying an additional 242 shares during the period. IFG Advisory LLC boosted its position in shares of Alphabet by 4.9% during the 2nd quarter. IFG Advisory LLC now owns 44,099 shares of the information services provider’s stock valued at $8,033,000 after purchasing an additional 2,045 shares in the last quarter. BCGM Wealth Management LLC boosted its position in shares of Alphabet by 8.0% during the 2nd quarter. BCGM Wealth Management LLC now owns 2,700 shares of the information services provider’s stock valued at $492,000 after purchasing an additional 200 shares in the last quarter. Private Ocean LLC boosted its position in shares of Alphabet by 109.3% during the 2nd quarter. Private Ocean LLC now owns 7,524 shares of the information services provider’s stock valued at $1,371,000 after purchasing an additional 3,930 shares in the last quarter. Finally, Solano Wealth Management Inc. boosted its position in shares of Alphabet by 2.2% during the 2nd quarter. Solano Wealth Management Inc. now owns 4,394 shares of the information services provider’s stock valued at $800,000 after purchasing an additional 94 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Amie Thuener O’toole sold 2,835 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $151.53, for a total value of $429,587.55. Following the completion of the transaction, the chief accounting officer now directly owns 29,182 shares of the company’s stock, valued at $4,421,948.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Amie Thuener O’toole sold 2,835 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $151.53, for a total transaction of $429,587.55. Following the sale, the chief accounting officer now owns 29,182 shares of the company’s stock, valued at approximately $4,421,948.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $158.68, for a total value of $3,570,300.00. Following the transaction, the chief executive officer now directly owns 2,137,385 shares of the company’s stock, valued at approximately $339,160,251.80. The disclosure for this sale can be found here. Insiders sold 179,367 shares of company stock valued at $30,016,931 over the last ninety days. 11.55% of the stock is currently owned by insiders.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $151.16 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08. The business has a fifty day simple moving average of $168.75 and a two-hundred day simple moving average of $164.42. Alphabet Inc. has a 1 year low of $120.21 and a 1 year high of $191.75. The company has a market capitalization of $1.86 trillion, a P/E ratio of 23.18, a P/E/G ratio of 1.13 and a beta of 1.04.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.04. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The business had revenue of $84.74 billion during the quarter, compared to the consensus estimate of $70.60 billion. During the same period last year, the business posted $1.44 earnings per share. On average, analysts expect that Alphabet Inc. will post 7.64 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, September 9th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend is Monday, September 9th. Alphabet’s dividend payout ratio is currently 12.27%.

Analyst Ratings Changes

GOOGL has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their target price on Alphabet from $200.00 to $208.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Rosenblatt Securities restated a “neutral” rating and set a $181.00 target price on shares of Alphabet in a research report on Wednesday, July 24th. Argus upped their target price on Alphabet from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Wolfe Research assumed coverage on Alphabet in a report on Tuesday, July 16th. They issued an “outperform” rating and a $240.00 price target on the stock. Finally, Guggenheim increased their price target on Alphabet from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Eight equities research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and a consensus target price of $201.76.

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.