Alphabet Inc. $GOOG is Woodstock Corp’s 6th Largest Position

Woodstock Corp trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 161,872 shares of the information services provider’s stock after selling 426 shares during the period. Alphabet makes up approximately 2.6% of Woodstock Corp’s holdings, making the stock its 6th largest position. Woodstock Corp’s holdings in Alphabet were worth $28,714,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Nuveen LLC purchased a new position in Alphabet in the 1st quarter worth approximately $2,622,943,000. GAMMA Investing LLC raised its holdings in Alphabet by 18,562.3% in the 1st quarter. GAMMA Investing LLC now owns 14,323,323 shares of the information services provider’s stock worth $2,237,733,000 after acquiring an additional 14,246,573 shares during the last quarter. Vanguard Group Inc. raised its holdings in Alphabet by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 411,570,922 shares of the information services provider’s stock worth $64,299,725,000 after acquiring an additional 9,687,855 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Alphabet by 9.9% in the 1st quarter. JPMorgan Chase & Co. now owns 102,232,997 shares of the information services provider’s stock worth $15,971,861,000 after acquiring an additional 9,243,959 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Alphabet in the 4th quarter worth approximately $786,942,000. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Alphabet

In related news, Director John L. Hennessy sold 1,000 shares of Alphabet stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $200.00, for a total transaction of $200,000.00. Following the transaction, the director directly owned 6,916 shares of the company’s stock, valued at $1,383,200. This trade represents a 12.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Amie Thuener O’toole sold 2,778 shares of Alphabet stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $245.00, for a total transaction of $680,610.00. Following the transaction, the chief accounting officer directly owned 17,293 shares in the company, valued at approximately $4,236,785. The trade was a 13.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 225,588 shares of company stock valued at $44,296,554 over the last quarter. 12.99% of the stock is owned by insiders.

Alphabet Stock Performance

Alphabet stock opened at $251.42 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $253.23. The firm has a market capitalization of $3.04 trillion, a P/E ratio of 26.78, a price-to-earnings-growth ratio of 1.69 and a beta of 1.01. The company’s 50-day moving average is $205.68 and its 200 day moving average is $179.98.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.19. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The company had revenue of $96.43 billion for the quarter, compared to analyst estimates of $93.67 billion. During the same period in the prior year, the company posted $1.89 EPS. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. Research analysts forecast that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 8th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, September 8th. Alphabet’s dividend payout ratio (DPR) is presently 8.95%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on GOOG shares. Cowen restated a “buy” rating on shares of Alphabet in a report on Wednesday, July 9th. The Goldman Sachs Group reiterated a “buy” rating and set a $220.00 target price on shares of Alphabet in a research note on Monday, June 2nd. Oppenheimer reiterated an “outperform” rating and set a $270.00 target price (up from $235.00) on shares of Alphabet in a research note on Wednesday, September 3rd. Lake Street Capital reiterated a “buy” rating on shares of Alphabet in a research note on Wednesday, July 9th. Finally, Roth Capital reiterated a “buy” rating on shares of Alphabet in a research note on Wednesday, July 9th. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $227.56.

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.