Leelyn Smith LLC Sells 120 Shares of Alphabet Inc. (NASDAQ:GOOG)

Leelyn Smith LLC lowered its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 6.6% during the second quarter, HoldingsChannel.com reports. The fund owned 1,696 shares of the information services provider’s stock after selling 120 shares during the quarter. Leelyn Smith LLC’s holdings in Alphabet were worth $311,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of GOOG. Thoroughbred Financial Services LLC boosted its position in shares of Alphabet by 22.9% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 101,423 shares of the information services provider’s stock worth $18,603,000 after purchasing an additional 18,893 shares in the last quarter. TMD Wealth Management LLC boosted its position in shares of Alphabet by 0.8% during the 2nd quarter. TMD Wealth Management LLC now owns 11,328 shares of the information services provider’s stock worth $2,078,000 after purchasing an additional 87 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Alphabet by 0.3% during the 2nd quarter. Parallel Advisors LLC now owns 295,320 shares of the information services provider’s stock worth $54,168,000 after purchasing an additional 927 shares in the last quarter. CoreCap Advisors LLC bought a new position in shares of Alphabet during the 2nd quarter worth about $4,728,000. Finally, SYM FINANCIAL Corp boosted its position in shares of Alphabet by 3,213.3% during the 2nd quarter. SYM FINANCIAL Corp now owns 1,491 shares of the information services provider’s stock worth $274,000 after purchasing an additional 1,446 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Alphabet Trading Up 1.8 %

NASDAQ:GOOG opened at $158.37 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08. The firm has a market cap of $1.95 trillion, a price-to-earnings ratio of 24.29, a price-to-earnings-growth ratio of 1.13 and a beta of 1.04. Alphabet Inc. has a 52 week low of $121.46 and a 52 week high of $193.31. The firm has a 50-day moving average price of $169.06 and a two-hundred day moving average price of $166.35.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data 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 net margin of 26.70% and a return on equity of 30.49%. The firm had revenue of $84.74 billion during the quarter, compared to analyst estimates of $84.22 billion. During the same quarter last year, the business posted $1.44 EPS. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. On average, equities analysts expect that Alphabet Inc. will post 7.63 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared 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. The ex-dividend date is Monday, September 9th. This represents a $0.80 annualized dividend and a dividend yield of 0.51%. Alphabet’s payout ratio is currently 12.27%.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $183.47, for a total transaction of $125,126.54. Following the completion of the sale, the chief accounting officer now owns 30,650 shares in the company, valued at approximately $5,623,355.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Alphabet news, insider John Kent Walker sold 21,467 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $160.35, for a total value of $3,442,233.45. Following the completion of the transaction, the insider now directly owns 39,334 shares of the company’s stock, valued at approximately $6,307,206.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $183.47, for a total transaction of $125,126.54. Following the completion of the transaction, the chief accounting officer now directly owns 30,650 shares of the company’s stock, valued at $5,623,355.50. The disclosure for this sale can be found here. Insiders sold a total of 201,867 shares of company stock worth $34,218,581 in the last quarter. Insiders own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. 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 research report on Wednesday, July 10th. Cantor Fitzgerald raised shares of Alphabet to a “hold” rating in a research report on Thursday, September 5th. DA Davidson raised shares of Alphabet to a “hold” rating in a research report on Tuesday, September 10th. Oppenheimer raised their price target on shares of Alphabet from $205.00 to $210.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Finally, Wolfe Research raised shares of Alphabet to a “strong-buy” rating in a research report on Tuesday, July 16th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.