One Day In July LLC Sells 145 Shares of Alphabet Inc. (NASDAQ:GOOG)

One Day In July LLC decreased its position in Alphabet Inc. (NASDAQ:GOOG) by 1.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,481 shares of the information services provider’s stock after selling 145 shares during the quarter. One Day In July LLC’s holdings in Alphabet were worth $1,325,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Principia Wealth Advisory LLC raised its holdings in Alphabet by 111.8% in the first quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider’s stock worth $26,000 after purchasing an additional 85 shares in the last quarter. MorganRosel Wealth Management LLC bought a new position in shares of Alphabet during the first quarter valued at $26,000. LSV Asset Management bought a new position in shares of Alphabet during the fourth quarter valued at $27,000. Goodman Advisory Group LLC bought a new position in shares of Alphabet during the first quarter valued at $32,000. Finally, WealthTrak Capital Management LLC bought a new position in shares of Alphabet during the fourth quarter valued at $38,000. Institutional investors own 27.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on GOOG shares. Scotiabank reduced their price target on Alphabet from $232.00 to $200.00 and set a “sector outperform” rating for the company in a report on Monday, April 21st. Tigress Financial restated a “strong-buy” rating on shares of Alphabet in a report on Friday, May 2nd. Westpark Capital restated a “buy” rating and set a $210.00 price target on shares of Alphabet in a report on Friday, April 25th. Susquehanna restated a “positive” rating on shares of Alphabet in a report on Friday, May 2nd. Finally, The Goldman Sachs Group restated a “buy” rating and set a $220.00 price target on shares of Alphabet in a report on Monday, June 2nd. Three analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and six have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $206.38.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Kavitark Ram Shriram sold 9,000 shares of the business’s stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total transaction of $1,575,000.00. Following the completion of the sale, the director directly owned 255,400 shares in the company, valued at $44,695,000. The trade was a 3.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $178.52, for a total value of $5,801,900.00. Following the sale, the chief executive officer owned 2,559,892 shares of the company’s stock, valued at approximately $456,991,919.84. This represents a 1.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 215,643 shares of company stock worth $36,330,928 in the last three months. 12.99% of the stock is currently owned by company insiders.

Alphabet Trading Up 0.3%

Alphabet stock opened at $180.22 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.77 and a quick ratio of 1.77. Alphabet Inc. has a one year low of $142.66 and a one year high of $208.70. The stock has a market capitalization of $2.19 trillion, a PE ratio of 20.09, a price-to-earnings-growth ratio of 1.27 and a beta of 1.01. The business’s fifty day moving average is $169.97 and its 200 day moving average is $175.49.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.79. The business had revenue of $90.23 billion during the quarter, compared to the consensus estimate of $89.30 billion. Alphabet had a return on equity of 34.54% and a net margin of 30.86%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.89 EPS. On average, sell-side analysts predict that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 9th were paid a dividend of $0.21 per share. This is an increase from Alphabet’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date was Monday, June 9th. Alphabet’s payout ratio is currently 9.36%.

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.