Liberty Wealth Management LLC Sells 96 Shares of Alphabet Inc. (NASDAQ:GOOG)

Liberty Wealth Management LLC lessened its position in Alphabet Inc. (NASDAQ:GOOG) by 0.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,993 shares of the information services provider’s stock after selling 96 shares during the period. Liberty Wealth Management LLC’s holdings in Alphabet were worth $1,674,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bruce G. Allen Investments LLC acquired a new stake in shares of Alphabet in the 4th quarter valued at $26,000. Partnership Wealth Management LLC acquired a new position in Alphabet during the 4th quarter worth about $26,000. Equitec Proprietary Markets LLC acquired a new position in Alphabet during the 4th quarter worth about $28,000. DiNuzzo Private Wealth Inc. acquired a new position in Alphabet during the 4th quarter worth about $32,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new position in Alphabet during the 4th quarter worth about $34,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $166.67, for a total value of $113,668.94. Following the completion of the sale, the chief accounting officer now directly owns 29,284 shares of the company’s stock, valued at approximately $4,880,764.28. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $186.74, for a total transaction of $4,201,650.00. Following the completion of the sale, the chief executive officer now directly owns 2,227,385 shares of the company’s stock, valued at approximately $415,941,874.90. The transaction 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 that occurred on Thursday, May 2nd. The stock was sold at an average price of $166.67, for a total value of $113,668.94. Following the sale, the chief accounting officer now directly owns 29,284 shares of the company’s stock, valued at $4,880,764.28. The disclosure for this sale can be found here. Insiders sold a total of 146,288 shares of company stock valued at $25,345,053 in the last ninety days. 12.99% of the stock is owned by insiders.

Alphabet Trading Up 0.6 %

NASDAQ:GOOG traded up $1.07 on Wednesday, hitting $191.51. 2,540,985 shares of the stock were exchanged, compared to its average volume of 20,712,629. The stock has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 29.21, a P/E/G ratio of 1.43 and a beta of 1.05. Alphabet Inc. has a 52 week low of $115.83 and a 52 week high of $192.86. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15. The company’s 50-day moving average price is $177.92 and its 200 day moving average price is $158.32.

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

Alphabet Announces Dividend

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

Wall Street Analyst Weigh In

GOOG has been the topic of several research reports. Morgan Stanley reiterated an “overweight” rating and set a $165.00 price target on shares of Alphabet in a research report on Thursday, April 11th. Oppenheimer upped their price target on shares of Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Rosenblatt Securities downgraded shares of Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price target on the stock. in a research report on Friday, June 28th. Finally, Stifel Nicolaus boosted their price objective on Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and an average target price of $167.86.

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.