Certuity LLC Sells 2,137 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Certuity LLC trimmed its position in Alphabet Inc. (NASDAQ:GOOGL) by 3.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 60,694 shares of the information services provider’s stock after selling 2,137 shares during the period. Alphabet comprises 0.9% of Certuity LLC’s portfolio, making the stock its 26th biggest holding. Certuity LLC’s holdings in Alphabet were worth $11,055,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Christopher J. Hasenberg Inc increased its stake in shares of Alphabet by 75.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock worth $26,000 after purchasing an additional 60 shares in the last quarter. Vermillion & White Wealth Management Group LLC bought a new stake in Alphabet during the fourth quarter valued at about $30,000. Tributary Capital Management LLC purchased a new stake in Alphabet in the first quarter worth about $30,000. Kings Path Partners LLC bought a new position in shares of Alphabet in the second quarter worth about $36,000. Finally, Denver PWM LLC purchased a new position in shares of Alphabet during the 2nd quarter valued at about $41,000. 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 3,262 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $183.99, for a total value of $600,175.38. Following the sale, the senior vice president now owns 9 shares in the company, valued at $1,655.91. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $160.63, for a total value of $3,614,175.00. Following the transaction, the chief executive officer now owns 2,114,885 shares of the company’s stock, valued at $339,713,977.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Prabhakar Raghavan sold 3,262 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $183.99, for a total value of $600,175.38. Following the completion of the transaction, the senior vice president now directly owns 9 shares in the company, valued at approximately $1,655.91. The disclosure for this sale can be found here. Insiders sold a total of 180,167 shares of company stock worth $29,762,606 in the last quarter. 11.55% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on GOOGL. Jefferies Financial Group increased their target price on shares of Alphabet from $215.00 to $220.00 in a report on Tuesday, July 9th. Wells Fargo & Company increased their price objective on shares of Alphabet from $187.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Evercore ISI lowered their target price on shares of Alphabet from $225.00 to $200.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. JMP Securities reaffirmed a “market outperform” rating and issued a $200.00 target price on shares of Alphabet in a report on Monday, September 16th. Finally, Mizuho raised their price target on Alphabet from $205.00 to $210.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Eight equities research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus target price of $201.08.

Alphabet Trading Up 0.9 %

Shares of GOOGL opened at $163.59 on Friday. The company’s fifty day simple moving average is $164.72 and its 200-day simple moving average is $165.55. The company has a market cap of $2.02 trillion, a P/E ratio of 25.09, a P/E/G ratio of 1.13 and a beta of 1.04. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a twelve month low of $120.21 and a twelve month high of $191.75.

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

Alphabet Dividend Announcement

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

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.