Alphabet Inc. (NASDAQ:GOOG) Shares Sold by ORG Partners LLC

ORG Partners LLC lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 93.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 2,250 shares of the information services provider’s stock after selling 32,974 shares during the period. Alphabet comprises about 0.7% of ORG Partners LLC’s portfolio, making the stock its 21st largest holding. ORG Partners LLC’s holdings in Alphabet were worth $352,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Partnership Wealth Management LLC acquired a new stake in shares of Alphabet during the fourth quarter valued at approximately $26,000. Bruce G. Allen Investments LLC purchased a new position in shares of Alphabet during the fourth quarter valued at $26,000. Equitec Proprietary Markets LLC acquired a new position in shares of Alphabet in the 4th quarter valued at about $28,000. DiNuzzo Private Wealth Inc. acquired a new position in Alphabet in the 4th quarter valued at approximately $32,000. Finally, Richardson Financial Services Inc. purchased a new stake in Alphabet in the 4th quarter worth approximately $34,000. 27.26% of the stock is owned by institutional investors.

Insider Transactions at Alphabet

In other news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $157.41, for a total transaction of $3,541,725.00. Following the completion of the transaction, the chief executive officer now directly owns 2,303,011 shares in the company, valued at $362,516,961.51. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $157.41, for a total value of $3,541,725.00. Following the completion of the transaction, the chief executive officer now directly owns 2,303,011 shares in the company, valued at $362,516,961.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $183.47, for a total value of $125,126.54. Following the completion of the transaction, the chief accounting officer now owns 30,650 shares of the company’s stock, valued at $5,623,355.50. The disclosure for this sale can be found here. Insiders sold a total of 145,488 shares of company stock worth $25,217,405 over the last three months. 12.99% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Rosenblatt Securities lowered Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price objective for the company. in a report on Friday, June 28th. Stifel Nicolaus boosted their price target on Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Oppenheimer boosted their price target on Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Morgan Stanley reissued an “overweight” rating and issued a $165.00 price target on shares of Alphabet in a research note on Thursday, April 11th. Finally, TD Cowen boosted their price target on Alphabet from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.38.

Alphabet Stock Performance

Shares of GOOG stock traded down $0.72 during trading hours on Friday, reaching $186.58. 10,834,027 shares of the company’s stock were exchanged, compared to its average volume of 20,681,422. Alphabet Inc. has a fifty-two week low of $118.68 and a fifty-two week high of $193.31. The stock has a market capitalization of $2.31 trillion, a P/E ratio of 28.86, a P/E/G ratio of 1.45 and a beta of 1.05. The business has a fifty day moving average price of $178.83 and a 200-day moving average price of $158.76. 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 (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.38. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The company had revenue of $80.54 billion during the quarter, compared to analyst estimates of $78.75 billion. During the same period in the previous year, the company earned $1.17 earnings per share. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. Analysts predict that Alphabet Inc. will post 7.6 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a — dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 10th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 10th. Alphabet’s dividend payout ratio (DPR) is presently 12.27%.

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.