Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Baxter Bros Inc.

Baxter Bros Inc. trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 109,278 shares of the information services provider's stock after selling 2,986 shares during the quarter. Alphabet accounts for approximately 2.4% of Baxter Bros Inc.'s portfolio, making the stock its 12th largest holding. Baxter Bros Inc.'s holdings in Alphabet were worth $18,124,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in GOOGL. Christopher J. Hasenberg Inc increased its holdings in shares of Alphabet by 75.0% in the 2nd 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. Kings Path Partners LLC acquired a new position in Alphabet during the second quarter worth about $36,000. Denver PWM LLC purchased a new position in Alphabet in the second quarter valued at about $41,000. Quarry LP acquired a new stake in shares of Alphabet during the 2nd quarter valued at approximately $53,000. Finally, CarsonAllaria Wealth Management Ltd. boosted its stake 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 worth $44,000 after acquiring an additional 109 shares in the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Stock Down 1.8 %

Alphabet stock traded down $3.09 during midday trading on Friday, hitting $172.49. 32,504,649 shares of the company were exchanged, compared to its average volume of 27,145,184. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. Alphabet Inc. has a fifty-two week low of $127.90 and a fifty-two week high of $191.75. The company's fifty day moving average price is $165.61 and its 200-day moving average price is $170.13. The company has a market cap of $2.11 trillion, a PE ratio of 22.88, a price-to-earnings-growth ratio of 1.27 and a beta of 1.03.

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, beating the consensus estimate of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The business had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $72.85 billion. During the same period in the prior year, the firm earned $1.55 earnings per share. On average, research analysts predict that Alphabet Inc. will post 7.99 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently disclosed 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 0.46%. Alphabet's dividend payout ratio is presently 10.61%.

Insider Buying and Selling at Alphabet

In related news, CAO Amie Thuener O'toole sold 2,835 shares of Alphabet stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $151.53, for a total value of $429,587.55. Following the completion of the transaction, the chief accounting officer now directly owns 29,182 shares in the company, valued at approximately $4,421,948.46. This trade represents a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sundar Pichai sold 22,500 shares of the company's stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $158.68, for a total value of $3,570,300.00. Following the sale, the chief executive officer now owns 2,137,385 shares in the company, valued at $339,160,251.80. The trade was a 1.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 206,795 shares of company stock valued at $34,471,141 in the last three months. Corporate insiders own 11.55% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. JMP Securities raised their price objective on Alphabet from $200.00 to $220.00 and gave the company a "market outperform" rating in a research note on Wednesday, October 30th. DA Davidson assumed coverage on Alphabet in a research report on Tuesday, September 10th. They issued a "neutral" rating and a $170.00 price target for the company. Rosenblatt Securities reiterated a "neutral" rating and issued a $181.00 price objective on shares of Alphabet in a research report on Wednesday, July 24th. Phillip Securities upgraded shares of Alphabet to a "strong-buy" rating in a report on Friday, November 1st. Finally, Seaport Res Ptn raised shares of Alphabet from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 29th. Seven research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and five have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $205.90.

Alphabet 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.