Richard P Slaughter Associates Inc Sells 618 Shares of Alphabet Inc. (NASDAQ:GOOG)

Richard P Slaughter Associates Inc decreased its holdings in Alphabet Inc. (NASDAQ:GOOG) by 31.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,322 shares of the information services provider’s stock after selling 618 shares during the period. Richard P Slaughter Associates Inc’s holdings in Alphabet were worth $201,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Veracity Capital LLC boosted its position in Alphabet by 12.4% in the fourth quarter. Veracity Capital LLC now owns 10,597 shares of the information services provider’s stock valued at $1,493,000 after buying an additional 1,173 shares in the last quarter. Independence Bank of Kentucky boosted its holdings in shares of Alphabet by 25.3% during the 4th quarter. Independence Bank of Kentucky now owns 6,093 shares of the information services provider’s stock valued at $859,000 after acquiring an additional 1,230 shares in the last quarter. Strategic Blueprint LLC grew its position in Alphabet by 36.7% during the 4th quarter. Strategic Blueprint LLC now owns 15,068 shares of the information services provider’s stock worth $2,123,000 after acquiring an additional 4,044 shares during the last quarter. Investment Partners LTD. raised its position in Alphabet by 5.8% in the fourth quarter. Investment Partners LTD. now owns 7,446 shares of the information services provider’s stock valued at $1,049,000 after purchasing an additional 410 shares during the last quarter. Finally, Global Trust Asset Management LLC boosted its stake in shares of Alphabet by 4.5% during the fourth quarter. Global Trust Asset Management LLC now owns 14,916 shares of the information services provider’s stock valued at $2,102,000 after purchasing an additional 648 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Alphabet Stock Up 0.7 %

Alphabet stock opened at $177.71 on Friday. The firm has a 50 day moving average price of $171.19 and a two-hundred day moving average price of $153.46. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15. Alphabet Inc. has a 52-week low of $115.83 and a 52-week high of $182.08. The firm has a market cap of $2.20 trillion, a price-to-earnings ratio of 27.26, a PEG ratio of 1.31 and a beta of 1.01.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.38. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The business had revenue of $80.54 billion for the quarter, compared to analysts’ expectations of $78.75 billion. During the same quarter in the prior year, the firm posted $1.17 earnings per share. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. Equities analysts predict that Alphabet Inc. will post 7.69 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently announced a — dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, June 10th. Alphabet’s payout ratio is currently 12.27%.

Insider Buying and Selling at Alphabet

In other news, insider John Kent Walker sold 12,084 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $151.19, for a total transaction of $1,826,979.96. Following the completion of the sale, the insider now owns 48,717 shares of the company’s stock, valued at approximately $7,365,523.23. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, SVP Prabhakar Raghavan sold 3,258 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $155.97, for a total value of $508,150.26. Following the completion of the sale, the senior vice president now directly owns 144,685 shares in the company, valued at approximately $22,566,519.45. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider John Kent Walker sold 12,084 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $151.19, for a total value of $1,826,979.96. Following the transaction, the insider now directly owns 48,717 shares in the company, valued at $7,365,523.23. The disclosure for this sale can be found here. Over the last three months, insiders have sold 135,958 shares of company stock valued at $22,383,553. 12.99% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

GOOG has been the subject of several recent research reports. Stifel Nicolaus upped their price objective on Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Morgan Stanley restated an “overweight” rating and issued a $165.00 price target on shares of Alphabet in a research report on Thursday, April 11th. Finally, Oppenheimer lifted their price target on shares of Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $165.67.

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.