Alphabet Inc. (NASDAQ:GOOG) Stock Position Reduced by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT lessened its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 189,988 shares of the information services provider’s stock after selling 4,225 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Alphabet were worth $34,848,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Financial & Tax Architects LLC increased its position in shares of Alphabet by 12.8% during the 2nd quarter. Financial & Tax Architects LLC now owns 8,033 shares of the information services provider’s stock valued at $1,473,000 after purchasing an additional 913 shares during the period. Axxcess Wealth Management LLC increased its position in shares of Alphabet by 2.3% during the 2nd quarter. Axxcess Wealth Management LLC now owns 131,407 shares of the information services provider’s stock valued at $23,385,000 after purchasing an additional 2,965 shares during the period. Fairway Wealth LLC acquired a new position in shares of Alphabet during the 2nd quarter valued at $70,000. Perennial Investment Advisors LLC increased its position in shares of Alphabet by 2.4% during the 2nd quarter. Perennial Investment Advisors LLC now owns 20,914 shares of the information services provider’s stock valued at $3,837,000 after purchasing an additional 487 shares during the period. Finally, Pitti Group Wealth Management LLC increased its position in shares of Alphabet by 3.9% during the 2nd quarter. Pitti Group Wealth Management LLC now owns 4,103 shares of the information services provider’s stock valued at $753,000 after purchasing an additional 155 shares during the period. Institutional investors own 27.26% of the company’s stock.

Alphabet Price Performance

GOOG opened at $160.81 on Thursday. The stock has a market cap of $1.99 trillion, a price-to-earnings ratio of 24.66, a PEG ratio of 1.13 and a beta of 1.04. Alphabet Inc. has a 1 year low of $121.46 and a 1 year high of $193.31. 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 stock has a fifty day moving average price of $167.19 and a 200 day moving average price of $166.60.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (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 firm had revenue of $84.74 billion during the quarter, compared to analysts’ expectations of $84.22 billion. During the same quarter last year, the firm earned $1.44 earnings per share. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. Analysts forecast that Alphabet Inc. will post 7.63 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders 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 0.50%. Alphabet’s dividend payout ratio is currently 12.27%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $183.47, for a total value of $125,126.54. Following the completion of the sale, the chief accounting officer now owns 30,650 shares of the company’s stock, valued at $5,623,355.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Alphabet news, SVP Prabhakar Raghavan sold 34,257 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $162.60, for a total value 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 approximately $50,765,346. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $183.47, for a total value of $125,126.54. Following the completion of the transaction, the chief accounting officer now directly owns 30,650 shares of the company’s stock, valued at approximately $5,623,355.50. The disclosure for this sale can be found here. Insiders sold 202,667 shares of company stock valued at $33,964,256 over the last quarter. Insiders own 12.99% of the company’s stock.

Alphabet 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.