Ausdal Financial Partners Inc. Sells 218 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Ausdal Financial Partners Inc. reduced its position in Alphabet Inc. (NASDAQ:GOOGL) by 1.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,271 shares of the information services provider’s stock after selling 218 shares during the quarter. Ausdal Financial Partners Inc.’s holdings in Alphabet were worth $4,057,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of GOOGL. Christopher J. Hasenberg Inc raised its stake in Alphabet by 75.0% in the second quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock valued at $26,000 after purchasing an additional 60 shares in the last quarter. Vermillion & White Wealth Management Group LLC purchased a new stake in Alphabet in the fourth quarter valued at approximately $30,000. Tributary Capital Management LLC purchased a new stake in Alphabet in the first quarter valued at approximately $30,000. Kings Path Partners LLC purchased a new stake in Alphabet in the second quarter valued at approximately $36,000. Finally, Denver PWM LLC purchased a new stake in Alphabet in the second quarter valued at approximately $41,000. 40.03% of the stock is currently owned by institutional investors.

Insider Transactions at Alphabet

In other news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $160.63, for a total value of $3,614,175.00. Following the completion of the transaction, the chief executive officer now owns 2,114,885 shares of the company’s stock, valued at approximately $339,713,977.55. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $183.47, for a total value of $125,126.54. Following the completion of the transaction, the chief accounting officer now owns 30,650 shares of the company’s stock, valued at approximately $5,623,355.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $160.63, for a total transaction of $3,614,175.00. Following the transaction, the chief executive officer now owns 2,114,885 shares in the company, valued at approximately $339,713,977.55. The disclosure for this sale can be found here. Insiders sold a total of 180,167 shares of company stock valued at $29,762,606 in the last quarter. 11.55% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have commented on GOOGL. Needham & Company LLC reissued a “buy” rating and set a $210.00 price target on shares of Alphabet in a research note on Friday, August 30th. Mizuho lifted their price target on shares of Alphabet from $205.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Wolfe Research began coverage on shares of Alphabet in a research note on Tuesday, July 16th. They set an “outperform” rating and a $240.00 price target on the stock. TD Securities lifted their price target on shares of Alphabet from $200.00 to $220.00 in a research note on Wednesday, July 10th. Finally, Evercore ISI decreased their price target on shares of Alphabet from $225.00 to $200.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. Eight investment analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and an average price target of $201.08.

Alphabet Stock Performance

Shares of GOOGL stock opened at $163.59 on Monday. Alphabet Inc. has a 12 month low of $120.21 and a 12 month high of $191.75. The stock has a market cap of $2.02 trillion, a PE ratio of 25.09, a price-to-earnings-growth ratio of 1.13 and a beta of 1.04. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04. The company’s fifty day moving average price is $164.72 and its 200-day moving average price is $165.79.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.04. The firm had revenue of $84.74 billion for the quarter, compared to analysts’ expectations of $70.60 billion. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. During the same quarter in the previous year, the business posted $1.44 EPS. On average, equities analysts expect that Alphabet Inc. will post 7.64 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 9th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend was Monday, September 9th. Alphabet’s dividend payout ratio 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.