Capstone Triton Financial Group LLC Has $4.10 Million Position in Alphabet Inc. (NASDAQ:GOOG)

Capstone Triton Financial Group LLC reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,369 shares of the information services provider’s stock after selling 69 shares during the quarter. Alphabet accounts for 2.9% of Capstone Triton Financial Group LLC’s holdings, making the stock its 5th biggest holding. Capstone Triton Financial Group LLC’s holdings in Alphabet were worth $4,103,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Thrivent Financial for Lutherans increased its stake in Alphabet by 3.9% in the second quarter. Thrivent Financial for Lutherans now owns 5,053,888 shares of the information services provider’s stock valued at $927,000,000 after acquiring an additional 189,067 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Alphabet by 6.4% in the 2nd quarter. Sei Investments Co. now owns 3,101,712 shares of the information services provider’s stock valued at $568,915,000 after purchasing an additional 186,120 shares in the last quarter. MAS Advisors LLC bought a new position in shares of Alphabet in the 2nd quarter valued at $224,000. Ranch Capital Advisors Inc. increased its stake in shares of Alphabet by 67.7% in the 2nd quarter. Ranch Capital Advisors Inc. now owns 2,259 shares of the information services provider’s stock valued at $414,000 after purchasing an additional 912 shares during the last quarter. Finally, AE Wealth Management LLC lifted its position in shares of Alphabet by 19.4% during the 2nd quarter. AE Wealth Management LLC now owns 95,295 shares of the information services provider’s stock worth $17,479,000 after buying an additional 15,496 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.

Alphabet Stock Performance

Shares of Alphabet stock opened at $164.64 on Friday. The stock has a market cap of $2.03 trillion, a price-to-earnings ratio of 25.25, a P/E/G ratio of 1.13 and a beta of 1.04. Alphabet Inc. has a twelve month low of $121.46 and a twelve month high of $193.31. The company’s fifty day moving average is $166.26 and its 200 day moving average is $166.79. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.04. The company had revenue of $84.74 billion during the quarter, compared to analysts’ expectations of $84.22 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The business’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.44 earnings per share. Sell-side analysts forecast that Alphabet Inc. will post 7.63 EPS for the current year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 9th were given a $0.20 dividend. The ex-dividend date was Monday, September 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.49%. Alphabet’s dividend payout ratio (DPR) is currently 12.27%.

Insider Activity

In related news, SVP Prabhakar Raghavan sold 34,257 shares of Alphabet stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the completion of the transaction, the senior vice president now owns 312,210 shares of the company’s stock, valued at $50,765,346. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $160.63, for a total transaction of $3,614,175.00. Following the transaction, the chief executive officer now owns 2,114,885 shares in the company, valued at $339,713,977.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Prabhakar Raghavan sold 34,257 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the transaction, the senior vice president now directly owns 312,210 shares in the company, valued at approximately $50,765,346. The disclosure for this sale can be found here. In the last three months, insiders have sold 202,667 shares of company stock valued at $33,964,256. 12.99% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have commented on GOOG shares. Wolfe Research raised Alphabet to a “strong-buy” rating in a research note on Tuesday, July 16th. TD Cowen lifted their price target on shares of Alphabet from $200.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Rosenblatt Securities downgraded shares of Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price objective for the company. in a research note on Friday, June 28th. DA Davidson raised shares of Alphabet to a “hold” rating in a research note on Tuesday, September 10th. Finally, Cantor Fitzgerald upgraded shares of Alphabet to a “hold” rating in a report on Thursday, September 5th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $182.86.

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.