One Charles Private Wealth Services LLC Sells 620 Shares of Alphabet Inc. $GOOG

One Charles Private Wealth Services LLC cut its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 11.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,780 shares of the information services provider’s stock after selling 620 shares during the period. One Charles Private Wealth Services LLC’s holdings in Alphabet were worth $848,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. REDW Wealth LLC grew its stake in shares of Alphabet by 2.3% during the 2nd quarter. REDW Wealth LLC now owns 2,410 shares of the information services provider’s stock valued at $428,000 after acquiring an additional 54 shares during the period. GDS Wealth Management boosted its position in shares of Alphabet by 2.4% in the second quarter. GDS Wealth Management now owns 2,325 shares of the information services provider’s stock worth $412,000 after purchasing an additional 54 shares during the period. ACT Advisors LLC. boosted its position in shares of Alphabet by 3.5% in the second quarter. ACT Advisors LLC. now owns 1,625 shares of the information services provider’s stock worth $288,000 after purchasing an additional 55 shares during the period. Moser Wealth Advisors LLC raised its position in shares of Alphabet by 2.2% during the 2nd quarter. Moser Wealth Advisors LLC now owns 2,545 shares of the information services provider’s stock valued at $451,000 after purchasing an additional 55 shares during the period. Finally, LongView Wealth Management lifted its stake in shares of Alphabet by 1.1% during the 2nd quarter. LongView Wealth Management now owns 5,126 shares of the information services provider’s stock valued at $909,000 after buying an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling at Alphabet

In related news, Director John L. Hennessy sold 600 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $280.06, for a total transaction of $168,036.00. Following the sale, the director owned 4,516 shares of the company’s stock, valued at $1,264,750.96. This represents a 11.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $296.64, for a total transaction of $9,640,800.00. Following the completion of the transaction, the chief executive officer directly owned 2,304,619 shares of the company’s stock, valued at $683,642,180.16. The trade was a 1.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 227,952 shares of company stock worth $58,896,009. Company insiders own 12.99% of the company’s stock.

Alphabet Trading Up 6.3%

Shares of GOOG stock opened at $318.47 on Tuesday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $3.84 trillion, a price-to-earnings ratio of 31.41, a price-to-earnings-growth ratio of 1.86 and a beta of 1.05. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $319.80. The stock’s 50-day moving average price is $264.32 and its 200-day moving average price is $215.82.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, October 30th. The information services provider reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.58. Alphabet had a return on equity of 36.08% and a net margin of 32.23%.The business had revenue of $102.35 billion during the quarter, compared to analysts’ expectations of $99.90 billion. During the same quarter last year, the business posted $2.12 EPS. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. Equities research analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 8th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Monday, December 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is 8.28%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on GOOG shares. Cowen reiterated a “buy” rating on shares of Alphabet in a research note on Thursday, October 30th. TD Cowen upped their price objective on Alphabet from $270.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. BMO Capital Markets reiterated an “outperform” rating and set a $340.00 target price on shares of Alphabet in a research report on Thursday, October 30th. Cantor Fitzgerald set a $310.00 price target on Alphabet and gave the stock a “neutral” rating in a report on Thursday, October 30th. Finally, Hsbc Global Res upgraded Alphabet to a “strong-buy” rating in a research note on Tuesday, October 7th. Seven equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $324.81.

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.