Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Kintegral Advisory LLC

Kintegral Advisory LLC lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 19.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 89,753 shares of the information services provider’s stock after selling 21,880 shares during the quarter. Alphabet makes up approximately 1.6% of Kintegral Advisory LLC’s investment portfolio, making the stock its 6th largest position. Kintegral Advisory LLC’s holdings in Alphabet were worth $16,462,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Partnership Wealth Management LLC acquired a new stake in Alphabet during the 4th quarter valued at $26,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Alphabet during the 2nd quarter worth about $37,000. DiNuzzo Private Wealth Inc. bought a new stake in shares of Alphabet during the 4th quarter worth about $32,000. Richardson Financial Services Inc. acquired a new position in Alphabet in the 4th quarter valued at about $34,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new position in Alphabet in the 4th quarter valued at about $34,000. Institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $176.58, for a total value of $3,973,050.00. Following the sale, the chief executive officer now owns 2,235,511 shares of the company’s stock, valued at approximately $394,746,532.38. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $176.58, for a total value of $3,973,050.00. Following the completion of the transaction, the chief executive officer now owns 2,235,511 shares of the company’s stock, valued at $394,746,532.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $173.86, for a total transaction of $118,572.52. Following the sale, the chief accounting officer now directly owns 29,966 shares in the company, valued at $5,209,888.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 179,065 shares of company stock worth $31,025,543. Corporate insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GOOG. Wolfe Research upgraded Alphabet to a “strong-buy” rating in a report on Tuesday, July 16th. TD Cowen upped their price objective on Alphabet from $200.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Oppenheimer increased their price objective on Alphabet from $205.00 to $210.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Finally, Rosenblatt Securities cut shares of Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 target price for the company. in a research report on Friday, June 28th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Alphabet presently has an average rating of “Buy” and a consensus price target of $182.86.

Alphabet Price Performance

NASDAQ GOOG traded down $1.88 during midday trading on Wednesday, hitting $164.50. The company had a trading volume of 15,177,795 shares, compared to its average volume of 20,189,111. The firm has a 50-day moving average price of $175.92 and a 200-day moving average price of $165.02. The company has a market capitalization of $2.03 trillion, a PE ratio of 25.23, a P/E/G ratio of 1.28 and a beta of 1.05. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a twelve month low of $121.46 and a twelve month high of $193.31.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Tuesday, July 23rd. The information services provider reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.04. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The company had revenue of $84.74 billion for the quarter, compared to analysts’ expectations of $84.22 billion. During the same quarter last year, the business earned $1.44 earnings per share. Alphabet’s revenue was up 13.6% on a year-over-year basis. As a group, analysts anticipate that Alphabet Inc. will post 7.62 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Monday, September 9th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Monday, September 9th. Alphabet’s dividend payout ratio (DPR) is presently 12.27%.

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.