Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Vanguard Capital Wealth Advisors

Vanguard Capital Wealth Advisors decreased its stake in Alphabet Inc. (NASDAQ:GOOG) by 4.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,805 shares of the information services provider’s stock after selling 1,705 shares during the quarter. Alphabet makes up about 4.3% of Vanguard Capital Wealth Advisors’ investment portfolio, making the stock its 5th largest position. Vanguard Capital Wealth Advisors’ holdings in Alphabet were worth $6,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the stock. Sherbrooke Park Advisers LLC bought a new stake in shares of Alphabet during the third quarter worth $856,000. Caisse DE Depot ET Placement DU Quebec grew its holdings in Alphabet by 3.5% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,097,675 shares of the information services provider’s stock worth $276,578,000 after acquiring an additional 71,504 shares during the last quarter. Waverly Advisors LLC increased its position in Alphabet by 11.9% in the 3rd quarter. Waverly Advisors LLC now owns 22,927 shares of the information services provider’s stock valued at $3,023,000 after acquiring an additional 2,433 shares in the last quarter. Kolinsky Wealth Management LLC lifted its position in shares of Alphabet by 5.5% during the third quarter. Kolinsky Wealth Management LLC now owns 5,816 shares of the information services provider’s stock worth $767,000 after purchasing an additional 302 shares in the last quarter. Finally, United Services Automobile Association grew its stake in shares of Alphabet by 14.5% during the third quarter. United Services Automobile Association now owns 131,740 shares of the information services provider’s stock valued at $17,370,000 after purchasing an additional 16,652 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors.

Alphabet Trading Down 0.3 %

NASDAQ GOOG traded down $0.59 on Friday, reaching $186.27. The company had a trading volume of 2,982,999 shares, compared to its average volume of 21,151,895. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 52 week low of $115.83 and a 52 week high of $187.50. The stock has a market cap of $2.30 trillion, a price-to-earnings ratio of 28.66, a PEG ratio of 1.39 and a beta of 1.01. The stock’s 50 day moving average is $173.26 and its 200-day moving average is $154.97.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.38. The business had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $78.75 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. Alphabet’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same period last year, the company posted $1.17 EPS. Equities analysts predict that Alphabet Inc. will post 7.6 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently disclosed a — dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 10th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, June 10th. Alphabet’s dividend payout ratio is currently 12.27%.

Analyst Ratings Changes

Several research firms recently weighed in on GOOG. Stifel Nicolaus boosted their price objective on shares of Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Rosenblatt Securities lowered Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price target on the stock. in a research note on Friday. Oppenheimer lifted their price objective on Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Finally, Morgan Stanley restated an “overweight” rating and set a $165.00 target price on shares of Alphabet in a research report on Thursday, April 11th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $167.86.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $154.79, for a total value of $105,566.78. Following the completion of the sale, the chief accounting officer now directly owns 29,284 shares in the company, valued at $4,532,870.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $155.67, for a total value of $3,502,575.00. Following the completion of the transaction, the chief executive officer now directly owns 2,325,513 shares of the company’s stock, valued at approximately $362,012,608.71. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $154.79, for a total value of $105,566.78. Following the transaction, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at approximately $4,532,870.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 146,284 shares of company stock valued at $24,534,393. 12.99% of the stock is owned by company 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.