RTD Financial Advisors Inc. Sells 92 Shares of Alphabet Inc. (NASDAQ:GOOG)

RTD Financial Advisors Inc. lowered its stake in Alphabet Inc. (NASDAQ:GOOG) by 2.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,174 shares of the information services provider’s stock after selling 92 shares during the period. RTD Financial Advisors Inc.’s holdings in Alphabet were worth $652,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Principia Wealth Advisory LLC boosted its holdings in Alphabet by 111.8% in the first quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider’s stock valued at $26,000 after acquiring an additional 85 shares in the last quarter. LSV Asset Management bought a new stake in Alphabet in the fourth quarter valued at $27,000. WealthTrak Capital Management LLC purchased a new position in Alphabet during the fourth quarter valued at $38,000. Mountain Hill Investment Partners Corp. purchased a new position in Alphabet during the fourth quarter valued at $39,000. Finally, Noble Wealth Management PBC purchased a new position in Alphabet during the fourth quarter valued at $43,000. Institutional investors own 27.26% of the company’s stock.

Alphabet Stock Performance

Shares of GOOG stock opened at $175.88 on Friday. The company has a 50 day moving average price of $164.57 and a 200-day moving average price of $176.30. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $208.70. The firm has a market capitalization of $2.13 trillion, a PE ratio of 21.85, a P/E/G ratio of 1.34 and a beta of 1.01. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.79. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The firm had revenue of $90.23 billion during the quarter, compared to analyst estimates of $89.30 billion. During the same period in the previous year, the business posted $1.89 earnings per share. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, equities research analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be paid a $0.21 dividend. The ex-dividend date is Monday, June 9th. This is a positive change from Alphabet’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.48%. Alphabet’s payout ratio is currently 9.36%.

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O’toole sold 673 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total transaction of $104,537.09. Following the completion of the sale, the chief accounting officer now directly owns 15,303 shares in the company, valued at approximately $2,377,014.99. The trade was a 4.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $168.71, for a total transaction of $5,483,075.00. Following the sale, the chief executive officer now owns 2,587,696 shares of the company’s stock, valued at $436,570,192.16. This trade represents a 1.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 195,570 shares of company stock worth $32,003,532 over the last three months. 12.99% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

GOOG has been the subject of several recent research reports. JPMorgan Chase & Co. raised their price objective on Alphabet from $180.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, April 25th. The Goldman Sachs Group reissued a “buy” rating and set a $220.00 price objective on shares of Alphabet in a research report on Monday, June 2nd. Rosenblatt Securities raised Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 25th. UBS Group lowered their price objective on Alphabet from $209.00 to $173.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Finally, Susquehanna reissued a “positive” rating on shares of Alphabet in a research report on Friday, May 2nd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and five have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $204.88.

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.