Alphabet Inc. $GOOG Stock Holdings Lowered by Everett Harris & Co. CA

Everett Harris & Co. CA lowered its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,033,942 shares of the information services provider’s stock after selling 18,717 shares during the period. Alphabet makes up approximately 4.6% of Everett Harris & Co. CA’s portfolio, making the stock its 6th largest position. Everett Harris & Co. CA’s holdings in Alphabet were worth $360,801,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its holdings in shares of Alphabet by 1.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,843,415 shares of the information services provider’s stock worth $504,393,000 after purchasing an additional 41,712 shares in the last quarter. Kelleher Financial Advisors lifted its holdings in shares of Alphabet by 3.6% during the second quarter. Kelleher Financial Advisors now owns 60,645 shares of the information services provider’s stock valued at $10,758,000 after purchasing an additional 2,105 shares in the last quarter. Bouchey Financial Group Ltd boosted its position in shares of Alphabet by 2.5% during the second quarter. Bouchey Financial Group Ltd now owns 10,882 shares of the information services provider’s stock valued at $1,930,000 after buying an additional 265 shares during the last quarter. Apex Wealth Management LLC raised its position in Alphabet by 5.3% in the 2nd quarter. Apex Wealth Management LLC now owns 1,371 shares of the information services provider’s stock worth $243,000 after buying an additional 69 shares during the last quarter. Finally, Central Asset Investments & Management Holdings HK Ltd raised its position in Alphabet by 564.3% in the 2nd quarter. Central Asset Investments & Management Holdings HK Ltd now owns 40,731 shares of the information services provider’s stock worth $7,225,000 after buying an additional 34,600 shares during the last quarter. 27.26% of the stock is owned by institutional investors.

Alphabet Stock Performance

NASDAQ GOOG opened at $287.43 on Thursday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $292.36. The business has a 50-day moving average price of $256.07 and a 200-day moving average price of $208.20. The firm has a market cap of $3.47 trillion, a price-to-earnings ratio of 28.35, a price-to-earnings-growth ratio of 1.86 and a beta of 1.05.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Wednesday, October 29th. The information services provider reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.58. Alphabet had a return on equity of 36.08% and a net margin of 32.23%.The company had revenue of $102.35 billion for the quarter, compared to analysts’ expectations of $99.90 billion. During the same period in the previous year, the firm earned $2.12 EPS. The firm’s revenue was up 15.9% compared to the same quarter last year. As a group, equities research analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 8th will be paid 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 is Monday, December 8th. Alphabet’s dividend payout ratio (DPR) is presently 8.28%.

Wall Street Analysts Forecast Growth

GOOG has been the topic of a number of recent analyst reports. Scotiabank set a $336.00 price target on shares of Alphabet and gave the company a “sector outperform” rating in a report on Thursday, October 30th. Oppenheimer raised their target price on shares of Alphabet from $300.00 to $345.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Cowen reiterated a “buy” rating on shares of Alphabet in a research note on Thursday, October 30th. Piper Sandler increased their price target on Alphabet from $285.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Finally, Sanford C. Bernstein lifted their price objective on Alphabet from $260.00 to $305.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $324.81.

Insider Buying and Selling

In other Alphabet news, Director John L. Hennessy sold 600 shares of the business’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $242.92, for a total value of $145,752.00. Following the sale, the director owned 5,116 shares in the company, valued at $1,242,778.72. The trade was a 10.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Kent Walker sold 17,816 shares of the stock in a transaction dated Monday, September 29th. The shares were 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 of the company’s stock, valued at $10,635,348.70. This trade represents a 29.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 221,796 shares of company stock worth $53,983,001 in the last 90 days. 12.99% of the stock is owned by company insiders.

Alphabet 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.