Alphabet Inc. $GOOGL Shares Sold by Integrated Capital Management LLC

Integrated Capital Management LLC decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 78,041 shares of the information services provider’s stock after selling 219 shares during the period. Alphabet accounts for approximately 7.1% of Integrated Capital Management LLC’s portfolio, making the stock its 4th biggest position. Integrated Capital Management LLC’s holdings in Alphabet were worth $14,836,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in GOOGL. Brighton Jones LLC lifted its position in shares of Alphabet by 3.9% in the fourth quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock worth $20,886,000 after buying an additional 4,110 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Alphabet by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock worth $2,826,000 after buying an additional 506 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Alphabet by 10.5% in the first quarter. GAMMA Investing LLC now owns 103,870 shares of the information services provider’s stock worth $16,062,000 after buying an additional 9,900 shares during the last quarter. Smithbridge Asset Management Inc. DE acquired a new stake in shares of Alphabet in the first quarter worth about $6,746,000. Finally, Lynch Asset Management Inc. lifted its position in shares of Alphabet by 0.4% in the first quarter. Lynch Asset Management Inc. now owns 71,000 shares of the information services provider’s stock worth $10,979,000 after buying an additional 250 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Activity at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $243.41, for a total value of $7,910,825.00. Following the sale, the chief executive officer directly owned 2,402,119 shares in the company, valued at approximately $584,699,785.79. This represents a 1.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Frances Arnold sold 103 shares of the company’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $243.13, for a total value of $25,042.39. Following the completion of the sale, the director owned 17,284 shares in the company, valued at approximately $4,202,258.92. This represents a 0.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 276,338 shares of company stock valued at $59,062,683. Corporate insiders own 11.64% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on GOOGL shares. UBS Group boosted their price target on Alphabet from $237.00 to $255.00 and gave the stock a “neutral” rating in a research report on Thursday. Oppenheimer reiterated an “outperform” rating and issued a $270.00 price objective (up from $235.00) on shares of Alphabet in a research note on Tuesday, September 2nd. Stifel Nicolaus lifted their price objective on Alphabet from $200.00 to $218.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. Loop Capital reiterated a “hold” rating and issued a $190.00 price objective (up from $165.00) on shares of Alphabet in a research note on Tuesday, August 5th. Finally, Canaccord Genuity Group lifted their price objective on Alphabet from $230.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, September 4th. Four analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $245.88.

Alphabet Trading Down 2.1%

Shares of GOOGL opened at $236.57 on Monday. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $256.00. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $2.86 trillion, a price-to-earnings ratio of 25.19, a P/E/G ratio of 1.60 and a beta of 1.00. The stock’s 50-day moving average price is $226.31 and its 200 day moving average price is $188.84.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.16. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.The firm had revenue of $96.43 billion for the quarter, compared to analyst estimates of $93.60 billion. As a group, research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 8th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, September 8th. Alphabet’s payout ratio is currently 8.95%.

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.