Alphabet Inc. $GOOGL Shares Sold by Oak Hill Wealth Advisors LLC

Oak Hill Wealth Advisors LLC decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,251 shares of the information services provider’s stock after selling 460 shares during the period. Alphabet makes up approximately 1.3% of Oak Hill Wealth Advisors LLC’s holdings, making the stock its 18th largest position. Oak Hill Wealth Advisors LLC’s holdings in Alphabet were worth $6,321,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in GOOGL. Brighton Jones LLC boosted its stake in shares of Alphabet by 3.9% during 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 period. Revolve Wealth Partners LLC boosted its stake in shares of Alphabet by 3.5% during 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 period. GAMMA Investing LLC lifted its position in Alphabet by 10.5% in the first quarter. GAMMA Investing LLC now owns 103,870 shares of the information services provider’s stock valued at $16,062,000 after purchasing an additional 9,900 shares during the period. Smithbridge Asset Management Inc. DE acquired a new stake in Alphabet in the first quarter valued at about $6,746,000. Finally, Lynch Asset Management Inc. lifted its position in Alphabet by 0.4% in the first quarter. Lynch Asset Management Inc. now owns 71,000 shares of the information services provider’s stock valued at $10,979,000 after purchasing an additional 250 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Price Performance

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

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

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 8th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, September 8th. Alphabet’s dividend payout ratio (DPR) is presently 8.95%.

Insider Activity at Alphabet

In other news, insider John Kent Walker sold 17,816 shares of the firm’s stock in a transaction that occurred on 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 directly owned 42,985 shares of the company’s stock, valued at $10,635,348.70. This trade represents a 29.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John L. Hennessy sold 600 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $249.44, for a total transaction of $149,664.00. Following the transaction, the director directly owned 5,716 shares of the company’s stock, valued at approximately $1,425,799.04. This trade represents a 9.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 276,338 shares of company stock worth $59,062,683. 11.64% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on GOOGL shares. Stifel Nicolaus raised their price objective on shares of Alphabet from $200.00 to $218.00 and gave the company a “buy” rating in a research report on Tuesday, July 22nd. Jefferies Financial Group raised their price objective on shares of Alphabet from $230.00 to $285.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Melius Research raised their price objective on shares of Alphabet from $220.00 to $255.00 in a research report on Thursday, September 25th. Moffett Nathanson raised their price objective on shares of Alphabet from $230.00 to $295.00 and gave the company a “buy” rating in a research report on Thursday, September 25th. Finally, Wells Fargo & Company set a $236.00 price objective on shares of Alphabet and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. 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. Based on data from MarketBeat, Alphabet has an average rating of “Moderate Buy” and a consensus target price of $245.88.

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.