Keeler Thomas Management LLC Sells 15,935 Shares of Alphabet Inc. (NASDAQ:GOOGL)

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Keeler Thomas Management LLC lowered its position in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 52.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,554 shares of the information services provider’s stock after selling 15,935 shares during the period. Alphabet comprises about 1.1% of Keeler Thomas Management LLC’s investment portfolio, making the stock its 28th biggest holding. Keeler Thomas Management LLC’s holdings in Alphabet were worth $2,251,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Guardian Wealth Management Inc. grew its holdings in Alphabet by 242.9% during the first quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider’s stock valued at $26,000 after purchasing an additional 119 shares during the period. von Borstel & Associates Inc. bought a new stake in Alphabet during the first quarter valued at about $28,000. IMA Advisory Services Inc. bought a new stake in Alphabet during the first quarter valued at about $28,000. NBZ Investment Advisors LLC grew its holdings in Alphabet by 85.7% during the first quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider’s stock valued at $30,000 after purchasing an additional 90 shares during the period. Finally, Financial Gravity Asset Management Inc. bought a new stake in Alphabet during the first quarter valued at about $39,000. Institutional investors own 40.03% of the company’s stock.

Alphabet Trading Down 0.7%

GOOGL opened at $201.96 on Thursday. The stock has a market cap of $2.44 trillion, a price-to-earnings ratio of 21.51, a P/E/G ratio of 1.37 and a beta of 1.01. The stock’s 50 day moving average price is $182.95 and its 200-day moving average price is $173.22. Alphabet Inc. has a one year low of $140.53 and a one year high of $207.05. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90.

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Alphabet (NASDAQ:GOOGLGet Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.16. Alphabet had a return on equity of 34.31% and a net margin of 31.12%. The company had revenue of $96,428,000 billion for the quarter, compared to analysts’ expectations of $93.60 billion. On average, equities analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on GOOGL shares. Sanford C. Bernstein boosted their price target on Alphabet from $185.00 to $195.00 and gave the company a “market perform” rating in a report on Tuesday, July 22nd. Oppenheimer boosted their price target on Alphabet from $185.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, April 25th. Guggenheim boosted their price target on Alphabet from $190.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Loop Capital restated a “hold” rating and issued a $190.00 price objective (up from $165.00) on shares of Alphabet in a research report on Tuesday, August 5th. Finally, Roth Capital boosted their price objective on Alphabet from $205.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Ten research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $211.53.

Get Our Latest Stock Analysis on GOOGL

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $178.52, for a total value of $5,801,900.00. Following the transaction, the chief executive officer owned 2,559,892 shares of the company’s stock, valued at $456,991,919.84. This represents a 1.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kavitark Ram Shriram sold 18,566 shares of the stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $185.76, for a total value of $3,448,820.16. Following the completion of the transaction, the director directly owned 243,400 shares in the company, valued at approximately $45,213,984. This trade represents a 7.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 274,219 shares of company stock valued at $49,674,273 over the last quarter. 11.64% of the stock is owned by corporate insiders.

Alphabet Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGLFree Report).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)



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