Viawealth LLC Sells 2,134 Shares of Alphabet Inc. $GOOGL

Viawealth LLC lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 11.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 15,844 shares of the information services provider’s stock after selling 2,134 shares during the period. Alphabet accounts for about 1.7% of Viawealth LLC’s portfolio, making the stock its 11th largest position. Viawealth LLC’s holdings in Alphabet were worth $2,792,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. NBZ Investment Advisors LLC lifted its position in shares of Alphabet by 85.7% during the first quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider’s stock worth $30,000 after purchasing an additional 90 shares in the last quarter. Financial Gravity Companies Inc. bought a new position in Alphabet in the 2nd quarter valued at $31,000. CarsonAllaria Wealth Management Ltd. increased its stake in shares of Alphabet by 36.4% in the 2nd quarter. CarsonAllaria Wealth Management Ltd. now owns 251 shares of the information services provider’s stock valued at $44,000 after buying an additional 67 shares during the period. Christopher J. Hasenberg Inc lifted its stake in shares of Alphabet by 77.6% during the second quarter. Christopher J. Hasenberg Inc now owns 348 shares of the information services provider’s stock valued at $61,000 after acquiring an additional 152 shares during the period. Finally, S&T Bank PA boosted its holdings in Alphabet by 40.2% in the second quarter. S&T Bank PA now owns 345 shares of the information services provider’s stock valued at $61,000 after acquiring an additional 99 shares during the last quarter. 40.03% of the stock is owned by institutional investors.

Alphabet Price Performance

Shares of GOOGL opened at $321.27 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.75. The firm has a market capitalization of $3.88 trillion, a PE ratio of 31.68, a P/E/G ratio of 1.86 and a beta of 1.07. The stock has a 50 day simple moving average of $276.15 and a 200 day simple moving average of $224.51. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $328.83.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.58. Alphabet had a net margin of 32.23% and a return on equity of 35.00%. The company had revenue of $102.35 billion during the quarter, compared to analysts’ expectations of $99.90 billion. Sell-side analysts predict that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 8th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Monday, December 8th. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is currently 8.28%.

Insider Transactions at Alphabet

In other news, Director John L. Hennessy sold 600 shares of the company’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $280.06, for a total transaction of $168,036.00. Following the completion of the transaction, the director directly owned 4,516 shares of the company’s stock, valued at $1,264,750.96. This represents a 11.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frances Arnold sold 102 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $317.66, for a total value of $32,401.32. Following the completion of the sale, the director owned 18,104 shares in the company, valued at $5,750,916.64. The trade was a 0.56% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 226,128 shares of company stock valued at $61,326,372. 11.64% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of a number of research reports. Sanford C. Bernstein upped their target price on shares of Alphabet from $260.00 to $305.00 and gave the company a “market perform” rating in a research report on Thursday, October 30th. Jefferies Financial Group boosted their price target on shares of Alphabet from $285.00 to $320.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Bank of America increased their price objective on shares of Alphabet from $280.00 to $335.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Evercore ISI lifted their target price on shares of Alphabet from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Finally, Needham & Company LLC raised their price target on Alphabet from $260.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Four research analysts have rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $312.65.

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.