Willner & Heller LLC Sells 364 Shares of Alphabet Inc. $GOOGL

Willner & Heller LLC lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,450 shares of the information services provider’s stock after selling 364 shares during the quarter. Alphabet makes up approximately 1.6% of Willner & Heller LLC’s holdings, making the stock its 11th biggest holding. Willner & Heller LLC’s holdings in Alphabet were worth $1,842,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Guardian Wealth Management Inc. grew its holdings in Alphabet by 242.9% during the 1st quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider’s stock worth $26,000 after acquiring an additional 119 shares during the last quarter. IMA Advisory Services Inc. bought a new stake in Alphabet during the 1st quarter worth about $28,000. von Borstel & Associates Inc. bought a new stake in Alphabet during the 1st quarter worth about $28,000. NBZ Investment Advisors LLC grew its holdings in Alphabet by 85.7% during the 1st quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider’s stock worth $30,000 after acquiring an additional 90 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. bought a new stake in Alphabet during the 1st quarter worth about $39,000. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Performance

Shares of NASDAQ:GOOGL opened at $236.57 on Monday. The company has a market capitalization of $2.86 trillion, a price-to-earnings ratio of 25.19, a P/E/G ratio of 1.60 and a beta of 1.00. The firm’s 50 day simple moving average is $226.31 and its 200 day simple moving average is $188.84. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $256.00.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.16. The business had revenue of $96.43 billion for the quarter, compared to the consensus estimate of $93.60 billion. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. As a group, sell-side analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 8th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, September 8th. Alphabet’s dividend payout ratio (DPR) is currently 8.95%.

Analysts Set New Price Targets

A number of research analysts have issued reports on GOOGL shares. Melius Research upped their target price on shares of Alphabet from $220.00 to $255.00 in a research report on Thursday, September 25th. Moffett Nathanson upped their target price on shares of Alphabet from $230.00 to $295.00 and gave the company a “buy” rating in a research report on Thursday, September 25th. Sanford C. Bernstein upped their target price on shares of Alphabet from $185.00 to $195.00 and gave the company a “market perform” rating in a research report on Tuesday, July 22nd. Wall Street Zen downgraded shares of Alphabet from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Finally, Morgan Stanley set a $270.00 target price on shares of Alphabet and gave the company an “overweight” rating in a research report on Thursday, October 2nd. Four analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $245.88.

Insider Activity

In other Alphabet news, insider John Kent Walker sold 17,816 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $247.42, for a total transaction of $4,408,034.72. Following the sale, the insider directly owned 42,985 shares in the company, valued at approximately $10,635,348.70. This trade represents a 29.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $243.41, for a total transaction of $7,910,825.00. Following the sale, the chief executive officer owned 2,402,119 shares in the company, valued at $584,699,785.79. This trade represents a 1.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 276,338 shares of company stock worth $59,062,683. Corporate insiders own 11.64% of the company’s stock.

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.