Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Affiance Financial LLC

Affiance Financial LLC reduced its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,438 shares of the information services provider’s stock after selling 195 shares during the period. Alphabet accounts for about 0.6% of Affiance Financial LLC’s portfolio, making the stock its 28th largest holding. Affiance Financial LLC’s holdings in Alphabet were worth $2,198,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GOOG. Cranbrook Wealth Management LLC lifted its stake in shares of Alphabet by 14.0% in the 4th quarter. Cranbrook Wealth Management LLC now owns 570 shares of the information services provider’s stock worth $80,000 after acquiring an additional 70 shares during the period. Manchester Financial Inc. lifted its stake in shares of Alphabet by 3.6% in the 4th quarter. Manchester Financial Inc. now owns 2,124 shares of the information services provider’s stock worth $299,000 after acquiring an additional 74 shares during the period. Atticus Wealth Management LLC lifted its stake in shares of Alphabet by 1.4% in the 3rd quarter. Atticus Wealth Management LLC now owns 5,262 shares of the information services provider’s stock worth $694,000 after acquiring an additional 75 shares during the period. Priebe Wealth Holdings LLC lifted its stake in shares of Alphabet by 1.7% in the 1st quarter. Priebe Wealth Holdings LLC now owns 4,603 shares of the information services provider’s stock worth $701,000 after acquiring an additional 75 shares during the period. Finally, Congress Park Capital LLC lifted its stake in shares of Alphabet by 0.3% in the 4th quarter. Congress Park Capital LLC now owns 22,542 shares of the information services provider’s stock worth $3,177,000 after acquiring an additional 76 shares during the period. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $154.79, for a total value of $105,566.78. Following the transaction, the chief accounting officer now owns 29,284 shares in the company, valued at approximately $4,532,870.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $155.67, for a total value of $3,502,575.00. Following the transaction, the chief executive officer now directly owns 2,325,513 shares in the company, valued at $362,012,608.71. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $154.79, for a total transaction of $105,566.78. Following the completion of the transaction, the chief accounting officer now owns 29,284 shares in the company, valued at $4,532,870.36. The disclosure for this sale can be found here. Insiders have sold 146,284 shares of company stock worth $24,534,393 in the last quarter. 12.99% of the stock is currently owned by company insiders.

Analyst Ratings Changes

GOOG has been the subject of a number of research analyst reports. 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 note on Monday, April 8th. Morgan Stanley reissued an “overweight” rating and set a $165.00 target price on shares of Alphabet in a research note on Thursday, April 11th. Finally, Stifel Nicolaus increased their target price on shares of Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, Alphabet presently has an average rating of “Buy” and an average price target of $165.67.

Alphabet Trading Up 0.8 %

Shares of NASDAQ:GOOG traded up $1.45 during mid-day trading on Thursday, hitting $186.82. The stock had a trading volume of 1,092,418 shares, compared to its average volume of 21,202,590. 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 has a market cap of $2.31 trillion, a PE ratio of 28.43, a P/E/G ratio of 1.39 and a beta of 1.01. Alphabet Inc. has a 12-month low of $115.83 and a 12-month high of $187.14. The company’s 50 day moving average is $172.69 and its 200-day moving average is $154.76.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.38. The firm had revenue of $80.54 billion for the quarter, compared to analyst estimates of $78.75 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.17 EPS. On average, sell-side analysts predict that Alphabet Inc. will post 7.6 EPS for the current 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 paid 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 12.27%.

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.