Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Bernardo Wealth Planning LLC

VaselineAugust 10, 2024

0 4 minutes read

Bernardo Wealth Planning LLC reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 30.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,422 shares of the information services provider’s stock after selling 613 shares during the quarter. Bernardo Wealth Planning LLC’s holdings in Alphabet were worth $259,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Vermillion & White Wealth Management Group LLC acquired a new stake in Alphabet during the fourth quarter valued at $30,000. Tributary Capital Management LLC purchased a new stake in shares of Alphabet in the first quarter valued at about $30,000. DiNuzzo Private Wealth Inc. purchased a new position in shares of Alphabet in the 4th quarter valued at approximately $38,000. CarsonAllaria Wealth Management Ltd. boosted its holdings in Alphabet by 59.2% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 293 shares of the information services provider’s stock worth $44,000 after buying an additional 109 shares during the period. Finally, Richardson Capital Management LLC boosted its position in Alphabet by 87.5% in the first quarter. Richardson Capital Management LLC now owns 300 shares of the information services provider’s stock worth $45,000 after purchasing an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s shares.

Indoor activity

In related news, SVP Prabhakar Raghavan sold 3,262 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $183.99, for a total transaction of $600,175.38. Following the completion of the transaction, the senior vice president now directly owns 9 shares of the company’s stock, valued at $1,655.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. In related news, SVP Prabhakar Raghavan sold 3,262 shares of Alphabet stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $183.99, for a total value of $600,175.38. Following the sale, the senior vice president now directly owns 9 shares in the company, valued at $1,655.91. The transaction was disclosed in a filing with the SEC, which can be accessed via this link. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $162.35, for a total value of $3,652,875.00. Following the completion of the transaction, the chief executive officer now directly owns 2,182,385 shares of the company’s stock, valued at approximately $354,310,204.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 122,308 shares of company stock worth $21,385,000. 11.55% of shares are currently owned by insiders.

Alphabet Stock 1.0%

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GOOGL traded up $1.64 on Friday, hitting $163.67. 28,602,285 shares of the company traded hands, compared to its average volume of 28,282,494. 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 has a market cap of $2.02 trillion, a price-to-earnings ratio of 25.10, a price-to-earnings-growth ratio of 1.28 and a beta of 1.05. The firm has a 50 day moving average price of $177.03 and a two hundred day moving average price of $161.88. Alphabet Inc. it has a 12-month low of $120.21 and a 12-month high of $191.75.

Alphabet (NASDAQ:GOOGL – Get Your Free Report ) last released its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.04. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The firm had revenue of $84.74 billion for the quarter, compared to analyst estimates of $70.60 billion. In the same period last year, the firm earned $1.44 per share. On average, equities analysts predict that Alphabet Inc. will post 7.62 earnings per share for the current year.

Alphabetical announcement of dividends

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

Analysts on Wall Street are forecasting an increase

GOOGL has been the subject of several recent analyst reports. JMP Securities reiterated a “market outperform” rating and set a $200.00 target price on shares of Alphabet in a research report on Tuesday, July 30th. Royal Bank of Canada raised their target price on shares of Alphabet from $200.00 to $204.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Canaccord Genuity Group upped their target price on shares of Alphabet from $190.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. lifted their price objective on Alphabet from $200.00 to $208.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Finally, Bank of America upped their price target on Alphabet from $200.00 to $206.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Six investment analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Alphabet currently has an average rating of “Moderate Buy” and a consensus price target of $203.74, according to MarketBeat.com.

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About Alphabet

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Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, Asia-Pacific, Canada and Latin America. It works through Google services, Google Cloud and other betting segments. The Google Services segment offers products and services, including advertising, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search and YouTube.