Intellectus Partners LLC Has $4.29 Million Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Intellectus Partners LLC cut its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 21.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,570 shares of the information services provider's stock after selling 6,374 shares during the period. Alphabet makes up 1.2% of Intellectus Partners LLC's investment portfolio, making the stock its 15th biggest holding. Intellectus Partners LLC's holdings in Alphabet were worth $4,293,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Alphabet by 0.8% in the first quarter. Vanguard Group Inc. now owns 497,874,324 shares of the information services provider's stock worth $75,144,172,000 after purchasing an additional 4,064,073 shares during the period. Norges Bank acquired a new stake in shares of Alphabet in the fourth quarter worth $15,441,917,000. Capital Research Global Investors raised its stake in Alphabet by 14.4% during the 1st quarter. Capital Research Global Investors now owns 57,803,291 shares of the information services provider's stock valued at $8,724,251,000 after purchasing an additional 7,275,757 shares during the last quarter. Fisher Asset Management LLC grew its position in Alphabet by 3.4% in the 4th quarter. Fisher Asset Management LLC now owns 45,220,857 shares of the information services provider's stock worth $6,316,902,000 after purchasing an additional 1,472,043 shares during the last quarter. Finally, Capital World Investors increased its holdings in shares of Alphabet by 1.7% during the 1st quarter. Capital World Investors now owns 35,412,299 shares of the information services provider's stock worth $5,344,778,000 after purchasing an additional 597,756 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.

Insider Buying and Selling at Alphabet

In related news, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $185.85, for a total transaction of $278,775.00. Following the sale, the director now directly owns 30,824 shares of the company's stock, valued at approximately $5,728,640.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director John L. Hennessy sold 1,500 shares of the business's stock in a transaction on Friday, July 12th. The stock was sold at an average price of $185.85, for a total transaction of $278,775.00. Following the sale, the director now owns 30,824 shares in the company, valued at approximately $5,728,640.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $167.66, for a total value of $3,772,350.00. Following the completion of the transaction, the chief executive officer now owns 2,159,885 shares of the company's stock, valued at $362,126,319.10. The disclosure for this sale can be found here. Insiders have sold a total of 156,565 shares of company stock worth $26,823,893 over the last 90 days. Insiders own 11.55% of the company's stock.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of a number of analyst reports. Argus raised their price objective on shares of Alphabet from $200.00 to $215.00 and gave the stock a "buy" rating in a report on Tuesday, July 16th. Piper Sandler lifted their price objective on Alphabet from $200.00 to $206.00 and gave the company an "overweight" rating in a report on Wednesday, July 24th. Wedbush reiterated an "outperform" rating and issued a $205.00 price objective on shares of Alphabet in a research note on Monday, July 22nd. Guggenheim raised their target price on Alphabet from $195.00 to $205.00 and gave the stock a "buy" rating in a research report on Wednesday, July 24th. Finally, Sanford C. Bernstein boosted their price target on Alphabet from $165.00 to $180.00 and gave the company a "market perform" rating in a research note on Friday, April 26th. Six research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet has an average rating of "Moderate Buy" and an average target price of $203.74.

Alphabet Stock Performance

GOOGL traded up $1.82 during trading hours on Friday, reaching $165.62. The company's stock had a trading volume of 13,932,313 shares, compared to its average volume of 27,963,758. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08. The company's 50-day moving average is $174.73 and its 200-day moving average is $163.04. Alphabet Inc. has a 52 week low of $120.21 and a 52 week high of $191.75. The firm has a market cap of $2.05 trillion, a PE ratio of 25.40, a price-to-earnings-growth ratio of 1.28 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.04. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The business had revenue of $84.74 billion during the quarter, compared to analysts' expectations of $70.60 billion. During the same quarter in the previous year, the company earned $1.44 EPS. On average, equities analysts forecast that Alphabet Inc. will post 7.62 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Monday, September 9th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend is Monday, September 9th. Alphabet's dividend payout ratio (DPR) is presently 12.27%.

Alphabet 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.