Alphabet Inc. $GOOGL Shares Sold by Boyd Watterson Asset Management LLC OH

Boyd Watterson Asset Management LLC OH lowered its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 0.5% in the second quarter, Holdings Channel reports. The firm owned 63,252 shares of the information services provider’s stock after selling 306 shares during the quarter. Alphabet comprises about 3.5% of Boyd Watterson Asset Management LLC OH’s holdings, making the stock its 4th biggest position. Boyd Watterson Asset Management LLC OH’s holdings in Alphabet were worth $11,147,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mystic Asset Management Inc. increased its position in Alphabet by 6.7% during the 1st quarter. Mystic Asset Management Inc. now owns 28,454 shares of the information services provider’s stock valued at $4,400,000 after purchasing an additional 1,791 shares during the period. Bridgeway Capital Management LLC boosted its stake in shares of Alphabet by 17.9% in the 1st quarter. Bridgeway Capital Management LLC now owns 88,187 shares of the information services provider’s stock valued at $13,637,000 after purchasing an additional 13,371 shares during the last quarter. Alaethes Wealth LLC increased its position in shares of Alphabet by 1.1% during the first quarter. Alaethes Wealth LLC now owns 7,646 shares of the information services provider’s stock worth $1,182,000 after buying an additional 84 shares during the period. Moment Partners LLC raised its stake in Alphabet by 9.3% during the second quarter. Moment Partners LLC now owns 5,896 shares of the information services provider’s stock worth $1,039,000 after buying an additional 504 shares during the last quarter. Finally, Blackhawk Capital Partners LLC. lifted its holdings in Alphabet by 8.4% in the first quarter. Blackhawk Capital Partners LLC. now owns 31,244 shares of the information services provider’s stock valued at $4,832,000 after buying an additional 2,434 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Alphabet news, insider John Kent Walker sold 17,816 shares of the firm’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $247.42, for a total transaction of $4,408,034.72. Following the transaction, the insider directly owned 42,985 shares in the company, valued at approximately $10,635,348.70. This trade represents a 29.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frances Arnold sold 112 shares of Alphabet stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $291.80, for a total transaction of $32,681.60. Following the transaction, the director directly owned 18,004 shares in the company, valued at $5,253,567.20. This represents a 0.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 222,396 shares of company stock worth $54,105,275 in the last three months. 11.64% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on GOOGL shares. Tigress Financial increased their price target on Alphabet from $240.00 to $280.00 and gave the stock a “strong-buy” rating in a report on Friday, September 5th. Westpark Capital raised their target price on Alphabet from $210.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Needham & Company LLC boosted their price target on Alphabet from $260.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Robert W. Baird increased their price target on Alphabet from $215.00 to $275.00 and gave the stock an “outperform” rating in a report on Monday, September 22nd. Finally, Melius Research lifted their price objective on shares of Alphabet from $220.00 to $255.00 in a research note on Thursday, September 25th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $304.10.

Alphabet Trading Down 2.1%

GOOGL opened at $278.83 on Friday. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $291.59. The firm has a market capitalization of $3.37 trillion, a PE ratio of 27.50, 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 current ratio of 1.90 and a quick ratio of 1.90. The company’s 50-day moving average is $251.23 and its 200 day moving average is $204.56.

Alphabet (NASDAQ:GOOGL) last released its quarterly 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 business had revenue of $102.35 billion during the quarter, compared to the consensus estimate of $99.90 billion. Alphabet had a return on equity of 36.08% and a net margin of 32.23%. As a group, research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

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

About Alphabet

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.