Compass Ion Advisors LLC Has $3.23 Million Holdings in Alphabet Inc. (NASDAQ:GOOG)

Compass Ion Advisors LLC trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.1% during the first quarter, Holdings Channel.com reports. The firm owned 21,228 shares of the information services provider’s stock after selling 464 shares during the period. Compass Ion Advisors LLC’s holdings in Alphabet were worth $3,232,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Bruce G. Allen Investments LLC bought a new position in shares of Alphabet in the fourth quarter valued at approximately $26,000. Partnership Wealth Management LLC bought a new position in Alphabet during the 4th quarter valued at $26,000. Equitec Proprietary Markets LLC purchased a new position in Alphabet during the 4th quarter worth $28,000. DiNuzzo Private Wealth Inc. bought a new stake in shares of Alphabet in the 4th quarter worth $32,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new stake in shares of Alphabet in the 4th quarter worth $34,000. 27.26% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $154.79, for a total transaction of $105,566.78. Following the completion of the transaction, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at $4,532,870.36. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $154.79, for a total transaction of $105,566.78. Following the completion of the transaction, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at $4,532,870.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 800 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $159.56, for a total transaction of $127,648.00. Following the completion of the sale, the director now directly owns 7,991 shares in the company, valued at $1,275,043.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 143,026 shares of company stock worth $24,026,243. 12.99% of the stock is owned by corporate insiders.

Alphabet Trading Down 1.8 %

Shares of GOOG opened at $183.42 on Monday. Alphabet Inc. has a fifty-two week low of $115.83 and a fifty-two week high of $187.50. The business has a 50-day moving average of $174.40 and a 200 day moving average of $155.84. The firm has a market cap of $2.27 trillion, a P/E ratio of 28.13, a price-to-earnings-growth ratio of 1.38 and a beta of 1.05. 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 (NASDAQ:GOOG) last posted its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.38. The firm had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $78.75 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The company’s revenue was up 15.4% on a year-over-year basis. During the same quarter last year, the company earned $1.17 earnings per share. As a group, research analysts forecast that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Announces Dividend

The business also recently declared a — dividend, which was paid on Monday, June 17th. Stockholders 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%.

Analyst Upgrades and Downgrades

GOOG has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their price objective on shares of Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Rosenblatt Securities downgraded Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price target for the company. in a research report on Friday. Morgan Stanley reissued an “overweight” rating and issued a $165.00 price objective on shares of Alphabet in a research report on Thursday, April 11th. Finally, Oppenheimer lifted their target price on Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $167.86.

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.