Aspiriant LLC Sells 2,667 Shares of Alphabet Inc. (NASDAQ:GOOG)

Aspiriant LLC lowered its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 5.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,608 shares of the information services provider’s stock after selling 2,667 shares during the quarter. Aspiriant LLC’s holdings in Alphabet were worth $7,815,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in shares of Alphabet in the 4th quarter worth about $8,232,000. E&G Advisors LP raised its holdings in shares of Alphabet by 1.6% in the 4th quarter. E&G Advisors LP now owns 7,869 shares of the information services provider’s stock worth $1,109,000 after acquiring an additional 127 shares during the last quarter. Trifecta Capital Advisors LLC raised its holdings in shares of Alphabet by 0.5% in the 4th quarter. Trifecta Capital Advisors LLC now owns 120,120 shares of the information services provider’s stock worth $16,929,000 after acquiring an additional 620 shares during the last quarter. Financial Futures Ltd Liability Co. raised its holdings in shares of Alphabet by 98.2% in the 4th quarter. Financial Futures Ltd Liability Co. now owns 7,955 shares of the information services provider’s stock worth $1,121,000 after acquiring an additional 3,941 shares during the last quarter. Finally, RFG Advisory LLC increased its stake in Alphabet by 2.1% in the 4th quarter. RFG Advisory LLC now owns 24,134 shares of the information services provider’s stock valued at $3,401,000 after buying an additional 504 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $173.22, for a total transaction of $3,897,450.00. Following the transaction, the chief executive officer now owns 2,258,011 shares in the company, valued at $391,132,665.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $173.86, for a total value of $118,572.52. Following the sale, the chief accounting officer now owns 29,966 shares in the company, valued at $5,209,888.76. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $173.22, for a total transaction of $3,897,450.00. Following the completion of the sale, the chief executive officer now owns 2,258,011 shares in the company, valued at approximately $391,132,665.42. The disclosure for this sale can be found here. Insiders have sold 143,308 shares of company stock worth $25,334,530 over the last 90 days. 12.99% of the stock is owned by company insiders.

Alphabet Trading Down 0.9 %

NASDAQ:GOOG traded down $1.44 during trading hours on Monday, reaching $163.95. The company’s stock had a trading volume of 12,425,872 shares, compared to its average volume of 20,555,973. The firm has a market capitalization of $2.03 trillion, a price-to-earnings ratio of 25.15, a PEG ratio of 1.28 and a beta of 1.05. The firm has a 50-day simple moving average of $178.39 and a 200-day simple moving average of $163.59. Alphabet Inc. has a 1 year low of $121.46 and a 1 year high of $193.31. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.04. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The firm had revenue of $84.74 billion for the quarter, compared to analysts’ expectations of $84.22 billion. During the same quarter in the previous year, the company earned $1.44 earnings per share. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. Research analysts expect that Alphabet Inc. will post 7.62 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Monday, September 9th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend is Monday, September 9th. Alphabet’s payout ratio is 12.27%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Rosenblatt Securities downgraded shares of Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 target price for the company. in a research report on Friday, June 28th. Wolfe Research raised shares of Alphabet to a “strong-buy” rating in a report on Tuesday, July 16th. Oppenheimer raised their price target on shares of Alphabet from $205.00 to $210.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. TD Cowen raised their price target on shares of Alphabet from $200.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Finally, Stifel Nicolaus raised their price target on shares of Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $182.86.

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.