America First Investment Advisors LLC Sells 46,022 Shares of Alphabet Inc. (NASDAQ:GOOGL)

America First Investment Advisors LLC cut its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 24.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 139,599 shares of the information services provider’s stock after selling 46,022 shares during the quarter. Alphabet comprises about 6.3% of America First Investment Advisors LLC’s investment portfolio, making the stock its 4th largest position. America First Investment Advisors LLC’s holdings in Alphabet were worth $25,428,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Christopher J. Hasenberg Inc grew its stake in Alphabet by 75.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock valued at $26,000 after acquiring an additional 60 shares during the last quarter. Vermillion & White Wealth Management Group LLC acquired a new stake in Alphabet in the 4th quarter valued at about $30,000. Tributary Capital Management LLC acquired a new stake in Alphabet in the 1st quarter valued at about $30,000. Kings Path Partners LLC acquired a new stake in Alphabet in the 2nd quarter valued at about $36,000. Finally, Denver PWM LLC acquired a new stake in shares of Alphabet during the 2nd quarter worth about $41,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director John L. Hennessy sold 700 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $165.00, for a total value of $115,500.00. Following the sale, the director now directly owns 27,824 shares in the company, valued at $4,590,960. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Alphabet news, Director John L. Hennessy sold 700 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $165.00, for a total value of $115,500.00. Following the sale, the director now directly owns 27,824 shares in the company, valued at $4,590,960. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $160.63, for a total value of $3,614,175.00. Following the completion of the sale, the chief executive officer now owns 2,114,885 shares in the company, valued at $339,713,977.55. The disclosure for this sale can be found here. Over the last three months, insiders have sold 180,867 shares of company stock worth $29,878,106. 11.55% of the stock is owned by insiders.

Alphabet Stock Up 0.3 %

GOOGL stock opened at $162.29 on Wednesday. Alphabet Inc. has a twelve month low of $120.21 and a twelve month high of $191.75. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $2.01 trillion, a P/E ratio of 24.89, a PEG ratio of 1.13 and a beta of 1.04. The firm has a 50 day simple moving average of $163.80 and a 200-day simple moving average of $166.17.

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

Alphabet Dividend Announcement

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

Analyst Upgrades and Downgrades

GOOGL has been the topic of several analyst reports. Wedbush reaffirmed an “outperform” rating and set a $205.00 price target on shares of Alphabet in a research note on Thursday, September 5th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $181.00 price target on shares of Alphabet in a research note on Wednesday, July 24th. Morgan Stanley decreased their price target on shares of Alphabet from $205.00 to $190.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. BMO Capital Markets reaffirmed an “outperform” rating and set a $222.00 price target on shares of Alphabet in a research note on Monday, September 16th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $206.00 price target on shares of Alphabet in a research note on Thursday, August 29th. Eight 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $201.08.

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.