Marathon Trading Investment Management LLC Has $40,000 Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Marathon Trading Investment Management LLC reduced its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 51.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 254 shares of the information services provider’s stock after selling 274 shares during the quarter. Marathon Trading Investment Management LLC’s holdings in Alphabet were worth $40,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Principia Wealth Advisory LLC raised its stake in Alphabet by 111.8% during the 1st quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider’s stock worth $26,000 after buying an additional 85 shares during the period. MorganRosel Wealth Management LLC acquired a new position in Alphabet during the 1st quarter worth approximately $26,000. Goodman Advisory Group LLC acquired a new position in Alphabet during the 1st quarter worth approximately $32,000. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Alphabet in the first quarter worth approximately $32,000. Finally, Graybill Wealth Management LTD. purchased a new stake in shares of Alphabet in the first quarter worth approximately $44,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Alphabet

In other news, Director Kavitark Ram Shriram sold 18,566 shares of the firm’s stock in a transaction on Friday, July 18th. The stock was sold at an average price of $185.76, for a total value of $3,448,820.16. Following the completion of the transaction, the director directly owned 243,400 shares of the company’s stock, valued at $45,213,984. This trade represents a 7.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $178.52, for a total value of $5,801,900.00. Following the completion of the transaction, the chief executive officer directly owned 2,559,892 shares of the company’s stock, valued at $456,991,919.84. The trade was a 1.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 274,819 shares of company stock valued at $49,796,547. Company insiders own 12.99% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $203.82 on Friday. The stock has a fifty day simple moving average of $184.61 and a two-hundred day simple moving average of $174.82. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $208.70. The firm has a market cap of $2.46 trillion, a price-to-earnings ratio of 21.71, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07.

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

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 8th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Monday, September 8th. Alphabet’s dividend payout ratio is 8.95%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GOOG. BNP Paribas downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 26th. Susquehanna reissued a “positive” rating on shares of Alphabet in a research note on Friday, May 2nd. Lake Street Capital reissued a “buy” rating on shares of Alphabet in a research note on Wednesday, July 9th. Cantor Fitzgerald reissued a “neutral” rating and issued a $171.00 price objective on shares of Alphabet in a research note on Friday, April 25th. Finally, UBS Group increased their price objective on Alphabet from $186.00 to $192.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 16th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and five have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $215.19.

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.