Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Alley Investment Management Company LLC

Alley Investment Management Company LLC lowered its stake in Alphabet Inc. (NASDAQ:GOOGL) by 7.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 97,410 shares of the information services provider’s stock after selling 8,150 shares during the quarter. Alphabet comprises about 2.4% of Alley Investment Management Company LLC’s portfolio, making the stock its 12th biggest holding. Alley Investment Management Company LLC’s holdings in Alphabet were worth $17,743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Personal CFO Solutions LLC increased its stake in Alphabet by 4.6% during the fourth quarter. Personal CFO Solutions LLC now owns 58,906 shares of the information services provider’s stock worth $8,229,000 after purchasing an additional 2,592 shares during the period. Natixis Investment Managers International increased its stake in Alphabet by 13.4% during the fourth quarter. Natixis Investment Managers International now owns 323,823 shares of the information services provider’s stock worth $45,235,000 after purchasing an additional 38,371 shares during the period. OLD Point Trust & Financial Services N A increased its stake in Alphabet by 256.6% during the fourth quarter. OLD Point Trust & Financial Services N A now owns 7,560 shares of the information services provider’s stock worth $1,056,000 after purchasing an additional 5,440 shares during the period. Infusive Asset Management Inc. increased its stake in Alphabet by 13.2% during the fourth quarter. Infusive Asset Management Inc. now owns 134,268 shares of the information services provider’s stock worth $18,756,000 after purchasing an additional 15,632 shares during the period. Finally, Mosley Wealth Management purchased a new stake in Alphabet during the fourth quarter worth about $555,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 1,367 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $168.84, for a total value of $230,804.28. Following the completion of the sale, the chief accounting officer now owns 29,183 shares of the company’s stock, valued at approximately $4,927,257.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $185.85, for a total value of $278,775.00. Following the completion of the transaction, the director now owns 30,824 shares of the company’s stock, valued at approximately $5,728,640.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $168.84, for a total transaction of $230,804.28. Following the completion of the transaction, the chief accounting officer now directly owns 29,183 shares of the company’s stock, valued at $4,927,257.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 217,592 shares of company stock valued at $35,922,911. 11.55% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on GOOGL shares. Tigress Financial boosted their price target on shares of Alphabet from $210.00 to $220.00 and gave the stock a “strong-buy” rating in a research note on Thursday, September 26th. Needham & Company LLC restated a “buy” rating and set a $210.00 target price on shares of Alphabet in a research note on Friday, August 30th. Citigroup upped their target price on shares of Alphabet from $190.00 to $212.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. JMP Securities restated a “market outperform” rating and set a $200.00 target price on shares of Alphabet in a research note on Wednesday, September 25th. Finally, Rosenblatt Securities restated a “neutral” rating and set a $181.00 target price on shares of Alphabet in a research note on Wednesday, July 24th. Eight equities research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $201.14.

Alphabet Price Performance

Alphabet stock opened at $162.98 on Tuesday. Alphabet Inc. has a one year low of $120.21 and a one year high of $191.75. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08. The business has a fifty day moving average of $162.06 and a two-hundred day moving average of $167.41. The company has a market cap of $2.01 trillion, a P/E ratio of 25.00, a price-to-earnings-growth ratio of 1.21 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 EPS for the quarter, beating 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 company had revenue of $84.74 billion during the quarter, compared to the consensus estimate of $70.60 billion. During the same quarter last year, the company earned $1.44 earnings per share. As a group, analysts predict that Alphabet Inc. will post 7.63 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 9th were issued 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 dividend payout ratio (DPR) 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.