Aufman Associates Inc Sells 353 Shares of Alphabet Inc. $GOOG

Aufman Associates Inc lessened its holdings in Alphabet Inc. (NASDAQ:GOOG) by 4.3% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,827 shares of the information services provider’s stock after selling 353 shares during the period. Alphabet comprises approximately 0.8% of Aufman Associates Inc’s holdings, making the stock its 13th biggest position. Aufman Associates Inc’s holdings in Alphabet were worth $1,223,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in Alphabet by 5.6% during the fourth quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock valued at $22,901,000 after purchasing an additional 6,410 shares during the period. Bank Pictet & Cie Europe AG raised its stake in shares of Alphabet by 4.3% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 506,535 shares of the information services provider’s stock worth $96,465,000 after buying an additional 20,855 shares during the period. Harvest Investment Services LLC lifted its position in shares of Alphabet by 3.3% during the 4th quarter. Harvest Investment Services LLC now owns 4,329 shares of the information services provider’s stock valued at $824,000 after buying an additional 138 shares in the last quarter. Crake Asset Management LLP grew its stake in shares of Alphabet by 620.2% during the 4th quarter. Crake Asset Management LLP now owns 749,000 shares of the information services provider’s stock valued at $142,640,000 after acquiring an additional 645,000 shares during the period. Finally, MGO One Seven LLC grew its stake in shares of Alphabet by 15.7% during the 4th quarter. MGO One Seven LLC now owns 96,797 shares of the information services provider’s stock valued at $18,434,000 after acquiring an additional 13,113 shares during the period. 27.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

GOOG has been the topic of several analyst reports. Rosenblatt Securities raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Friday, April 25th. Susquehanna restated a “positive” rating on shares of Alphabet in a research note on Friday, May 2nd. Scotiabank upped their target price on shares of Alphabet from $200.00 to $240.00 and gave the stock a “sector outperform” rating in a report on Tuesday, July 22nd. BNP Paribas cut Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 26th. Finally, Cowen reiterated a “buy” rating on shares of Alphabet in a research report on Wednesday, July 9th. Five research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $215.19.

Insider Buying and Selling at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $196.23, for a total transaction of $6,377,475.00. Following the sale, the chief executive officer directly owned 2,494,892 shares in the company, valued at approximately $489,572,657.16. This represents a 1.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Kent Walker sold 23,820 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $194.70, for a total transaction of $4,637,754.00. Following the completion of the transaction, the insider directly owned 42,999 shares of the company’s stock, valued at approximately $8,371,905.30. The trade was a 35.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold 222,219 shares of company stock worth $40,725,772 in the last ninety days. Company insiders own 12.99% of the company’s stock.

Alphabet Trading Down 1.1%

Shares of Alphabet stock opened at $200.19 on Thursday. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $208.70. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. The business has a 50-day moving average price of $186.62 and a 200-day moving average price of $174.88. The firm has a market cap of $2.42 trillion, a price-to-earnings ratio of 21.32, a PEG ratio of 1.37 and a beta of 1.02.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.19. The company had revenue of $96.43 billion for the quarter, compared to the consensus estimate of $93.67 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.89 earnings per share. Equities research analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 8th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.4%. The ex-dividend date is Monday, September 8th. Alphabet’s payout ratio is currently 8.95%.

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.