Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Gouws Capital LLC

Gouws Capital LLC lessened its stake in Alphabet Inc. (NASDAQ:GOOGL) by 10.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,290 shares of the information services provider’s stock after selling 400 shares during the period. Alphabet accounts for approximately 0.4% of Gouws Capital LLC’s portfolio, making the stock its 28th largest position. Gouws Capital LLC’s holdings in Alphabet were worth $599,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GOOGL. Interchange Capital Partners LLC raised its holdings in shares of Alphabet by 52.6% in the second quarter. Interchange Capital Partners LLC now owns 19,997 shares of the information services provider’s stock valued at $3,642,000 after buying an additional 6,893 shares during the last quarter. Avaii Wealth Management LLC raised its holdings in shares of Alphabet by 21.3% in the second quarter. Avaii Wealth Management LLC now owns 28,957 shares of the information services provider’s stock valued at $5,274,000 after buying an additional 5,077 shares during the last quarter. Essex Financial Services Inc. raised its holdings in shares of Alphabet by 10.4% in the second quarter. Essex Financial Services Inc. now owns 120,917 shares of the information services provider’s stock valued at $22,025,000 after buying an additional 11,349 shares during the last quarter. Turtle Creek Wealth Advisors LLC raised its holdings in shares of Alphabet by 24.4% in the second quarter. Turtle Creek Wealth Advisors LLC now owns 18,515 shares of the information services provider’s stock valued at $3,373,000 after buying an additional 3,635 shares during the last quarter. Finally, Dover Advisors LLC raised its holdings in shares of Alphabet by 6.1% in the second quarter. Dover Advisors LLC now owns 22,746 shares of the information services provider’s stock valued at $4,143,000 after buying an additional 1,313 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Activity

In related news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $177.40, for a total value of $3,991,500.00. Following the completion of the sale, the chief executive officer now directly owns 2,213,011 shares of the company’s stock, valued at approximately $392,588,151.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $177.40, for a total value of $3,991,500.00. Following the completion of the sale, the chief executive officer now directly owns 2,213,011 shares of the company’s stock, valued at approximately $392,588,151.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Prabhakar Raghavan sold 3,262 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $183.99, for a total value of $600,175.38. Following the sale, the senior vice president now directly owns 9 shares of the company’s stock, valued at $1,655.91. The disclosure for this sale can be found here. Insiders sold a total of 179,367 shares of company stock valued at $30,016,931 over the last three months. Insiders own 11.55% of the company’s stock.

Alphabet Trading Up 1.8 %

Shares of NASDAQ GOOGL opened at $157.46 on Friday. Alphabet Inc. has a 12 month low of $120.21 and a 12 month high of $191.75. The company has a market cap of $1.94 trillion, a price-to-earnings ratio of 24.15, a P/E/G ratio of 1.13 and a beta of 1.04. 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 business has a fifty day simple moving average of $167.46 and a 200-day simple moving average of $164.49.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.85 by $0.04. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The business had revenue of $84.74 billion during the quarter, compared to the consensus estimate of $70.60 billion. During the same period in the prior year, the business posted $1.44 earnings per share. Sell-side analysts predict that Alphabet Inc. will post 7.64 EPS for the current 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 issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.51%. The ex-dividend date is Monday, September 9th. Alphabet’s dividend payout ratio is 12.27%.

Wall Street Analyst Weigh In

GOOGL has been the subject of a number of research reports. Morgan Stanley reduced their target price on shares of Alphabet from $205.00 to $190.00 and set an “overweight” rating for the company in a report on Tuesday, September 3rd. JMP Securities reissued a “market outperform” rating and issued a $200.00 price target on shares of Alphabet in a report on Tuesday, July 30th. Jefferies Financial Group upped their price objective on Alphabet from $215.00 to $220.00 in a report on Tuesday, July 9th. Roth Mkm restated a “buy” rating and set a $206.00 target price on shares of Alphabet in a research report on Thursday, August 29th. Finally, UBS Group increased their price target on shares of Alphabet from $200.00 to $204.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Eight research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and a consensus target price of $201.76.

Alphabet Company 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.