Good Life Advisors LLC Has $1.72 Million Stock Position in Alphabet Inc. $GOOG

Good Life Advisors LLC lowered its stake in Alphabet Inc. (NASDAQ:GOOG) by 8.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,706 shares of the information services provider’s stock after selling 915 shares during the quarter. Good Life Advisors LLC’s holdings in Alphabet were worth $1,722,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in GOOG. Brighton Jones LLC increased its holdings in Alphabet by 5.6% during the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock worth $22,901,000 after purchasing an additional 6,410 shares in the last quarter. Legacy Capital Wealth Partners LLC lifted its holdings in shares of Alphabet by 11.4% in the first quarter. Legacy Capital Wealth Partners LLC now owns 4,030 shares of the information services provider’s stock valued at $630,000 after purchasing an additional 411 shares in the last quarter. Litman Gregory Wealth Management LLC boosted its position in shares of Alphabet by 6.2% during the first quarter. Litman Gregory Wealth Management LLC now owns 70,846 shares of the information services provider’s stock worth $11,068,000 after buying an additional 4,111 shares during the period. Dynasty Wealth Management LLC grew its holdings in shares of Alphabet by 1.2% during the first quarter. Dynasty Wealth Management LLC now owns 22,395 shares of the information services provider’s stock worth $3,499,000 after buying an additional 261 shares in the last quarter. Finally, Woodward Diversified Capital LLC grew its holdings in shares of Alphabet by 4.1% during the first quarter. Woodward Diversified Capital LLC now owns 8,341 shares of the information services provider’s stock worth $1,303,000 after buying an additional 331 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling

In other news, insider John Kent Walker sold 17,816 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $247.42, for a total value of $4,408,034.72. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $250.15, for a total value of $8,129,875.00. Following the transaction, the chief executive officer owned 2,369,619 shares of the company’s stock, valued at $592,760,192.85. This represents a 1.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 221,796 shares of company stock worth $53,983,001. Company insiders own 12.99% of the company’s stock.

Alphabet Price Performance

NASDAQ:GOOG opened at $279.12 on Friday. The stock has a market capitalization of $3.37 trillion, a PE ratio of 27.53, a P/E/G ratio of 1.86 and a beta of 1.05. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $292.36. The firm has a fifty day simple moving average of $257.00 and a 200 day simple moving average of $208.69. 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 posted its quarterly earnings results on Thursday, October 30th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.58. Alphabet had a net margin of 32.23% and a return on equity of 36.08%. The firm had revenue of $102.35 billion for the quarter, compared to analyst estimates of $99.90 billion. During the same period in the prior year, the firm posted $2.12 earnings per share. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. On average, research analysts expect that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The company 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 $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.3%. The ex-dividend date is Monday, December 8th. Alphabet’s dividend payout ratio (DPR) is 8.28%.

Wall Street Analysts Forecast Growth

GOOG has been the topic of several research reports. Pivotal Research boosted their target price on Alphabet from $300.00 to $350.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Morgan Stanley lifted their price objective on shares of Alphabet from $210.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, October 2nd. Barclays boosted their price objective on shares of Alphabet from $250.00 to $315.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Scotiabank set a $336.00 target price on shares of Alphabet and gave the company a “sector outperform” rating in a research report on Thursday, October 30th. Finally, UBS Group reiterated a “neutral” rating on shares of Alphabet in a research note 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 given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $324.81.

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.