Moody Lynn & Lieberson LLC lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 382,867 shares of the information services provider's stock after selling 15,402 shares during the period. Alphabet makes up approximately 3.9% of Moody Lynn & Lieberson LLC's holdings, making the stock its 6th largest position. Moody Lynn & Lieberson LLC's holdings in Alphabet were worth $63,498,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of GOOGL. New Hampshire Trust increased its holdings in shares of Alphabet by 2.7% in the second quarter. New Hampshire Trust now owns 43,714 shares of the information services provider's stock valued at $7,963,000 after purchasing an additional 1,132 shares in the last quarter. Berkshire Money Management Inc. bought a new position in Alphabet during the first quarter worth about $359,000. Schneider Downs Wealth Management Advisors LP raised its holdings in shares of Alphabet by 58.4% during the first quarter. Schneider Downs Wealth Management Advisors LP now owns 6,374 shares of the information services provider's stock worth $962,000 after acquiring an additional 2,351 shares during the period. Trinity Financial Advisors LLC lifted its position in Alphabet by 4.5% during the 3rd quarter. Trinity Financial Advisors LLC now owns 4,423 shares of the information services provider's stock worth $771,000 after buying an additional 190 shares in the last quarter. Finally, StoneCrest Wealth Management Inc. increased its stake in shares of Alphabet by 0.7% during the 3rd quarter. StoneCrest Wealth Management Inc. now owns 21,509 shares of the information services provider's stock worth $3,567,000 after purchasing an additional 140 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.
Alphabet Trading Up 4.0 %
GOOGL traded up $6.77 during mid-day trading on Wednesday, hitting $176.51. 33,676,915 shares of the stock were exchanged, compared to its average volume of 27,207,359. The firm's fifty day moving average is $162.86 and its two-hundred day moving average is $169.36. Alphabet Inc. has a 1-year low of $127.90 and a 1-year high of $191.75. The company has a market cap of $2.17 trillion, a PE ratio of 23.41, a PEG ratio of 1.22 and a beta of 1.03. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04.
Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.29. The firm had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same period in the prior year, the firm earned $1.55 EPS. Equities analysts forecast that Alphabet Inc. will post 7.99 earnings per share for the current fiscal year.
Alphabet Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend is Monday, December 9th. Alphabet's dividend payout ratio is presently 10.61%.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on GOOGL. Citigroup upped their target price on Alphabet from $190.00 to $212.00 and gave the company a "buy" rating in a research report on Wednesday, July 24th. DA Davidson started coverage on Alphabet in a research note on Tuesday, September 10th. They issued a "neutral" rating and a $170.00 price target for the company. Phillip Securities raised shares of Alphabet to a "strong-buy" rating in a research report on Friday, November 1st. Jefferies Financial Group raised their price target on shares of Alphabet from $215.00 to $220.00 in a report on Tuesday, July 9th. Finally, The Goldman Sachs Group cut their target price on Alphabet from $217.00 to $208.00 and set a "buy" rating on the stock in a report on Monday, October 14th. Seven analysts have rated the stock with a hold rating, thirty-one have given a buy rating and five have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $205.90.
Check Out Our Latest Stock Analysis on Alphabet
Insider Transactions at Alphabet
In other news, SVP Prabhakar Raghavan sold 34,257 shares of the firm's stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the transaction, the senior vice president now directly owns 312,210 shares in the company, valued at approximately $50,765,346. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Alphabet news, CAO Amie Thuener O'toole sold 682 shares of the firm's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $160.44, for a total transaction of $109,420.08. Following the completion of the transaction, the chief accounting officer now owns 32,017 shares of the company's stock, valued at approximately $5,136,807.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Prabhakar Raghavan sold 34,257 shares of Alphabet stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $162.60, for a total value of $5,570,188.20. Following the completion of the sale, the senior vice president now directly owns 312,210 shares of the company's stock, valued at approximately $50,765,346. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 232,052 shares of company stock valued at $38,424,448. Insiders own 11.55% of the company's stock.
Alphabet Profile
(
Free Report)
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.
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