Alphabet Inc. (NASDAQ:GOOG) Shares Bought by Cordatus Wealth Management LLC

Cordatus Wealth Management LLC grew its stake in Alphabet Inc. (NASDAQ:GOOG) by 0.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,471 shares of the information services provider’s stock after purchasing an additional 314 shares during the period. Alphabet makes up approximately 2.9% of Cordatus Wealth Management LLC’s portfolio, making the stock its 5th biggest holding. Cordatus Wealth Management LLC’s holdings in Alphabet were worth $7,790,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Ellsworth Advisors LLC purchased a new position in Alphabet during the second quarter worth about $4,831,000. Triad Wealth Partners LLC increased its position in Alphabet by 12.8% during the 2nd quarter. Triad Wealth Partners LLC now owns 4,423 shares of the information services provider’s stock worth $811,000 after purchasing an additional 503 shares during the period. Valley National Advisers Inc. raised its stake in shares of Alphabet by 8.6% during the 2nd quarter. Valley National Advisers Inc. now owns 4,606 shares of the information services provider’s stock worth $844,000 after buying an additional 366 shares in the last quarter. Silver Lake Advisory LLC purchased a new position in shares of Alphabet during the 2nd quarter worth approximately $2,153,000. Finally, Professional Financial Advisors LLC lifted its holdings in shares of Alphabet by 0.8% in the 2nd quarter. Professional Financial Advisors LLC now owns 9,661 shares of the information services provider’s stock valued at $1,772,000 after buying an additional 77 shares during the period. 27.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GOOG has been the topic of a number of recent analyst reports. Rosenblatt Securities lowered Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price objective on the stock. in a report on Friday, June 28th. Wolfe Research upgraded shares of Alphabet to a “strong-buy” rating in a research report on Tuesday, July 16th. Oppenheimer raised their price objective on shares of Alphabet from $205.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Finally, TD Cowen upped their target price on shares of Alphabet from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. 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 company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $182.86.

Insider Activity

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $173.86, for a total transaction of $118,572.52. Following the sale, the chief accounting officer now directly owns 29,966 shares of the company’s stock, valued at approximately $5,209,888.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $173.86, for a total value of $118,572.52. Following the completion of the transaction, the chief accounting officer now directly owns 29,966 shares in the company, valued at approximately $5,209,888.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John L. Hennessy sold 1,500 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $177.92, for a total value of $266,880.00. Following the sale, the director now owns 3,727 shares in the company, valued at approximately $663,107.84. The disclosure for this sale can be found here. Insiders have sold 155,865 shares of company stock worth $27,137,693 over the last three months. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Price Performance

Shares of Alphabet stock traded up $1.57 on Friday, hitting $164.74. The company’s stock had a trading volume of 16,853,137 shares, compared to its average volume of 20,481,816. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. The firm has a fifty day moving average price of $177.37 and a 200-day moving average price of $163.73. Alphabet Inc. has a 52-week low of $121.46 and a 52-week high of $193.31. The company has a market capitalization of $2.04 trillion, a P/E ratio of 25.27, a price-to-earnings-growth ratio of 1.28 and a beta of 1.05.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, topping 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 business had revenue of $84.74 billion during the quarter, compared to analysts’ expectations of $84.22 billion. During the same period last year, the company posted $1.44 EPS. The company’s revenue was up 13.6% on a year-over-year basis. On average, equities research analysts expect that Alphabet Inc. will post 7.62 earnings per share for the current fiscal year.

Alphabet Announces Dividend

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