Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Trinity Street Asset Management LLP

Trinity Street Asset Management LLP trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 14.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 180,137 shares of the information services provider's stock after selling 30,362 shares during the period. Alphabet makes up about 3.0% of Trinity Street Asset Management LLP's portfolio, making the stock its 6th biggest position. Trinity Street Asset Management LLP's holdings in Alphabet were worth $29,876,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Christopher J. Hasenberg Inc lifted its stake in Alphabet by 75.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider's stock valued at $26,000 after acquiring an additional 60 shares during the period. Kings Path Partners LLC purchased a new position in shares of Alphabet during the 2nd quarter valued at approximately $36,000. Denver PWM LLC purchased a new position in shares of Alphabet during the 2nd quarter valued at approximately $41,000. Quarry LP purchased a new position in shares of Alphabet during the 2nd quarter valued at approximately $53,000. Finally, CarsonAllaria Wealth Management Ltd. increased its holdings in shares of Alphabet by 59.2% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 293 shares of the information services provider's stock valued at $44,000 after purchasing an additional 109 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GOOGL. Morgan Stanley lifted their target price on shares of Alphabet from $190.00 to $205.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. UBS Group lifted their target price on shares of Alphabet from $200.00 to $204.00 and gave the company a "neutral" rating in a report on Wednesday, July 24th. Truist Financial boosted their price target on shares of Alphabet from $220.00 to $225.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. DA Davidson began coverage on shares of Alphabet in a research report on Tuesday, September 10th. They set a "neutral" rating and a $170.00 price target for the company. Finally, JMP Securities lifted their price target on Alphabet from $200.00 to $220.00 and gave the stock a "market outperform" rating in a research note on Wednesday, October 30th. Seven research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and five have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $205.90.

Alphabet Trading Up 1.1 %

Shares of GOOGL stock traded up $2.00 on Monday, hitting $180.35. The stock had a trading volume of 17,439,302 shares, compared to its average volume of 27,130,313. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The firm has a market capitalization of $2.21 trillion, a P/E ratio of 23.84, a P/E/G ratio of 1.27 and a beta of 1.03. Alphabet Inc. has a 1 year low of $127.90 and a 1 year high of $191.75. The company's 50 day moving average price is $163.54 and its 200-day moving average price is $169.74.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $72.85 billion. During the same quarter in the previous year, the business earned $1.55 EPS. Analysts anticipate that Alphabet Inc. will post 7.99 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, December 9th. This represents a $0.80 annualized dividend and a yield of 0.44%. Alphabet's dividend payout ratio (DPR) is 10.61%.

Insiders Place Their Bets

In other news, CAO Amie Thuener O'toole sold 682 shares of the company's stock in a transaction dated 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 directly owns 32,017 shares of the company's stock, valued at approximately $5,136,807.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CAO Amie Thuener O'toole sold 682 shares of the company's stock in a transaction dated 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 directly owns 32,017 shares of the company's stock, valued at approximately $5,136,807.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 22,500 shares of the company's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $167.66, for a total value of $3,772,350.00. Following the transaction, the chief executive officer now directly owns 2,159,885 shares of the company's stock, valued at approximately $362,126,319.10. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 241,752 shares of company stock worth $40,156,829 in the last quarter. 11.55% of the stock is owned by company insiders.

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.