Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by MinichMacGregor Wealth Management LLC

MinichMacGregor Wealth Management LLC lowered its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 15.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,345 shares of the information services provider’s stock after selling 444 shares during the quarter. MinichMacGregor Wealth Management LLC’s holdings in Alphabet were worth $328,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GOOGL. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Alphabet during the 4th quarter worth approximately $38,000. Meritage Group LP boosted its stake in Alphabet by 1,061.5% during the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock valued at $40,000 after purchasing an additional 276 shares in the last quarter. Armor Investment Advisors LLC boosted its stake in Alphabet by 31.0% during the 4th quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock valued at $47,000 after purchasing an additional 80 shares in the last quarter. IAG Wealth Partners LLC boosted its stake in Alphabet by 55.9% during the 4th quarter. IAG Wealth Partners LLC now owns 343 shares of the information services provider’s stock valued at $48,000 after purchasing an additional 123 shares in the last quarter. Finally, Valued Wealth Advisors LLC bought a new stake in shares of Alphabet during the 4th quarter worth $55,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Trading Up 0.5 %

Shares of NASDAQ:GOOGL opened at $177.85 on Wednesday. The company has a market cap of $2.20 trillion, a P/E ratio of 27.28, a P/E/G ratio of 1.35 and a beta of 1.02. The stock’s 50-day moving average is $158.79 and its 200-day moving average is $145.98. Alphabet Inc. has a 52-week low of $115.35 and a 52-week high of $178.77. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The business had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $66.04 billion. During the same period last year, the business earned $1.17 earnings per share. Equities research analysts predict that Alphabet Inc. will post 7.61 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Monday, June 10th.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on GOOGL shares. JMP Securities reissued a “market outperform” rating and set a $200.00 price objective on shares of Alphabet in a research note on Wednesday, May 15th. Stifel Nicolaus reissued a “buy” rating and set a $196.00 price objective on shares of Alphabet in a research note on Wednesday, May 15th. Roth Mkm raised their price objective on Alphabet from $164.00 to $202.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Wedbush increased their target price on Alphabet from $175.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, Sanford C. Bernstein increased their target price on Alphabet from $165.00 to $180.00 and gave the company a “market perform” rating in a report on Friday, April 26th. Five equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $190.60.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 22,500 shares of Alphabet 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 sale, the chief executive officer now directly owns 2,258,011 shares of the company’s stock, valued at $391,132,665.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Alphabet news, SVP Prabhakar Raghavan sold 3,258 shares of Alphabet stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $155.97, for a total transaction of $508,150.26. Following the sale, the senior vice president now directly owns 144,685 shares of the company’s stock, valued at $22,566,519.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $173.22, for a total value of $3,897,450.00. Following the sale, the chief executive officer now directly owns 2,258,011 shares in the company, valued at $391,132,665.42. The disclosure for this sale can be found here. Insiders have sold a total of 205,935 shares of company stock valued at $31,178,987 over the last three months. 11.55% of the stock is owned by corporate 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.