Alphabet Inc. $GOOG Shares Sold by Financial Life Planners

Financial Life Planners decreased its stake in Alphabet Inc. (NASDAQ:GOOG) by 23.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,277 shares of the information services provider’s stock after selling 388 shares during the period. Financial Life Planners’ holdings in Alphabet were worth $227,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in Alphabet by 5.6% during the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock worth $22,901,000 after purchasing an additional 6,410 shares during the period. Fortis Group Advisors LLC acquired a new stake in shares of Alphabet during the first quarter worth about $332,000. Carson Advisory Inc. purchased a new position in shares of Alphabet during the first quarter worth about $787,000. Saturna Capital Corp increased its position in Alphabet by 20.8% in the 1st quarter. Saturna Capital Corp now owns 1,734 shares of the information services provider’s stock valued at $271,000 after acquiring an additional 298 shares during the period. Finally, Creekmur Asset Management LLC raised its stake in Alphabet by 14.5% during the 1st quarter. Creekmur Asset Management LLC now owns 819 shares of the information services provider’s stock valued at $128,000 after acquiring an additional 104 shares during the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $276.98 on Friday. The firm has a market capitalization of $3.34 trillion, a price-to-earnings ratio of 27.32, a price-to-earnings-growth ratio of 1.86 and a beta of 1.05. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. The business’s 50 day simple moving average is $257.84 and its 200-day simple moving average is $209.48. Alphabet Inc. has a 12 month low of $142.66 and a 12 month high of $292.36.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, October 30th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.58. The firm had revenue of $102.35 billion during the quarter, compared to analysts’ expectations of $99.90 billion. Alphabet had a return on equity of 36.08% and a net margin of 32.23%.Alphabet’s revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.12 earnings per share. As a group, equities analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 8th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Monday, December 8th. Alphabet’s dividend payout ratio is presently 8.28%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. DA Davidson set a $825.00 target price on Alphabet in a report on Monday, October 27th. TD Cowen boosted their price objective on shares of Alphabet from $270.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. HSBC restated a “buy” rating and issued a $335.00 target price on shares of Alphabet in a research note on Thursday, October 30th. JPMorgan Chase & Co. boosted their price target on shares of Alphabet from $260.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, October 27th. Finally, Cantor Fitzgerald set a $310.00 price objective on shares of Alphabet and gave the company a “neutral” rating in a research report on Thursday, October 30th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus target price of $324.81.

Insider Buying and Selling at Alphabet

In other Alphabet news, insider John Kent Walker sold 17,816 shares of Alphabet stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $247.42, for a total transaction of $4,408,034.72. Following the completion of the transaction, the insider owned 42,985 shares in the company, valued at approximately $10,635,348.70. The trade was a 29.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 2,778 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $245.00, for a total transaction of $680,610.00. Following the completion of the sale, the chief accounting officer owned 17,293 shares in the company, valued at $4,236,785. This represents a 13.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 221,796 shares of company stock worth $53,983,001. 12.99% of the stock is owned by corporate insiders.

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.