Alphabet Inc. $GOOGL Shares Sold by Rothschild Investment LLC

Rothschild Investment LLC lowered its position in Alphabet Inc. (NASDAQ:GOOGL) by 0.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176,283 shares of the information services provider’s stock after selling 1,617 shares during the quarter. Alphabet makes up approximately 1.9% of Rothschild Investment LLC’s holdings, making the stock its 6th biggest position. Rothschild Investment LLC’s holdings in Alphabet were worth $31,066,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Gravity Companies Inc. acquired a new position in Alphabet in the second quarter worth approximately $31,000. NBZ Investment Advisors LLC lifted its stake in Alphabet by 85.7% in the first quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider’s stock valued at $30,000 after acquiring an additional 90 shares during the last quarter. CarsonAllaria Wealth Management Ltd. grew its position in Alphabet by 36.4% in the second quarter. CarsonAllaria Wealth Management Ltd. now owns 251 shares of the information services provider’s stock worth $44,000 after acquiring an additional 67 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Alphabet during the 1st quarter worth $50,000. Finally, S&T Bank PA raised its holdings in shares of Alphabet by 40.2% during the 2nd quarter. S&T Bank PA now owns 345 shares of the information services provider’s stock valued at $61,000 after purchasing an additional 99 shares in the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $250.15, for a total value of $8,129,875.00. Following the completion of the sale, the chief executive officer directly owned 2,369,619 shares of the company’s stock, valued at $592,760,192.85. This represents a 1.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Amie Thuener O’toole sold 2,778 shares of the firm’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $250.05, for a total transaction of $694,638.90. Following the completion of the sale, the chief accounting officer owned 14,516 shares in the company, valued at $3,629,725.80. This represents a 16.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 225,072 shares of company stock worth $58,074,027 in the last ninety days. 11.64% of the stock is currently owned by insiders.

Alphabet Price Performance

NASDAQ GOOGL opened at $320.02 on Friday. The stock has a 50-day simple moving average of $269.25 and a 200 day simple moving average of $218.76. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $328.83. The stock has a market capitalization of $3.86 trillion, a PE ratio of 31.56, a P/E/G ratio of 1.86 and a beta of 1.05. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.58. The firm had revenue of $102.35 billion for the quarter, compared to analyst estimates of $99.90 billion. Alphabet had a return on equity of 36.08% and a net margin of 32.23%. Research analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

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

Wall Street Analysts Forecast Growth

GOOGL has been the subject of several analyst reports. UBS Group reaffirmed a “neutral” rating and issued a $306.00 price objective (up previously from $255.00) on shares of Alphabet in a research note on Thursday, October 30th. BNP Paribas Exane began coverage on Alphabet in a report on Monday, November 24th. They set an “outperform” rating and a $355.00 target price on the stock. Citigroup reiterated a “buy” rating and set a $343.00 price target (up previously from $280.00) on shares of Alphabet in a research note on Thursday, October 30th. KeyCorp reissued an “overweight” rating and set a $300.00 price objective (up previously from $265.00) on shares of Alphabet in a report on Monday, October 27th. Finally, Loop Capital raised Alphabet from a “hold” rating to a “buy” rating and raised their price objective for the company from $260.00 to $320.00 in a research note on Tuesday, November 18th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-one have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $307.84.

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.