Yarger Wealth Strategies LLC Cuts Stake in Alphabet Inc. (NASDAQ:GOOG)

Yarger Wealth Strategies LLC lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,462 shares of the information services provider’s stock after selling 68 shares during the period. Yarger Wealth Strategies LLC’s holdings in Alphabet were worth $1,185,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Clearstead Trust LLC grew its stake in shares of Alphabet by 3.8% during the second quarter. Clearstead Trust LLC now owns 17,295 shares of the information services provider’s stock valued at $3,172,000 after buying an additional 641 shares during the last quarter. Plancorp LLC boosted its holdings in Alphabet by 2.8% during the 2nd quarter. Plancorp LLC now owns 9,293 shares of the information services provider’s stock valued at $1,705,000 after acquiring an additional 250 shares during the period. EPIQ Capital Group LLC grew its position in Alphabet by 151.2% during the 2nd quarter. EPIQ Capital Group LLC now owns 7,169 shares of the information services provider’s stock worth $1,315,000 after acquiring an additional 4,315 shares during the last quarter. Madison Wealth Partners Inc increased its stake in shares of Alphabet by 5.8% in the second quarter. Madison Wealth Partners Inc now owns 1,736 shares of the information services provider’s stock worth $318,000 after buying an additional 95 shares during the period. Finally, Alpha Financial Partners LLC raised its holdings in Alphabet by 15.0% during the 2nd quarter. Alpha Financial Partners LLC now owns 3,417 shares of the information services provider’s stock valued at $627,000 after buying an additional 446 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction dated 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 directly owns 30,650 shares in the company, valued at approximately $5,623,355.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director John L. Hennessy sold 800 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $153.75, for a total transaction of $123,000.00. Following the sale, the director now directly owns 28,524 shares of the company’s stock, valued at $4,385,565. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $183.47, for a total value 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 approximately $5,623,355.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 202,667 shares of company stock valued at $34,341,581. 12.99% of the stock is owned by insiders.

Analyst Ratings Changes

GOOG has been the topic of a number of recent analyst reports. DA Davidson raised shares of Alphabet to a “hold” rating in a report on Tuesday, September 10th. TD Cowen raised their target price on Alphabet from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Wolfe Research raised Alphabet to a “strong-buy” rating in a research report on Tuesday, July 16th. Rosenblatt Securities cut Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price objective for the company. in a report on Friday, June 28th. Finally, Cantor Fitzgerald raised Alphabet to a “hold” rating in a research note on Thursday, September 5th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and a consensus price target of $182.86.

Alphabet Stock Up 0.8 %

Shares of Alphabet stock opened at $160.28 on Wednesday. Alphabet Inc. has a 1 year low of $121.46 and a 1 year high of $193.31. The firm has a market cap of $1.98 trillion, a price-to-earnings ratio of 24.58, a PEG ratio of 1.13 and a beta of 1.04. The company has a 50-day moving average of $167.82 and a 200 day moving average of $166.64. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.04. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The company had revenue of $84.74 billion during the quarter, compared to analyst estimates of $84.22 billion. During the same quarter last year, the company earned $1.44 EPS. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Alphabet Inc. will post 7.63 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 9th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend was Monday, September 9th. Alphabet’s payout ratio is 12.27%.

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.