Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by CORDA Investment Management LLC.

CORDA Investment Management LLC. lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 216,624 shares of the information services provider's stock after selling 3,744 shares during the period. Alphabet makes up about 2.8% of CORDA Investment Management LLC.'s portfolio, making the stock its 14th biggest holding. CORDA Investment Management LLC.'s holdings in Alphabet were worth $35,927,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in GOOGL. Vanguard Group Inc. increased its position in shares of Alphabet by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 497,874,324 shares of the information services provider's stock valued at $75,144,172,000 after acquiring an additional 4,064,073 shares during the period. Capital Research Global Investors grew its stake in shares of Alphabet by 14.4% during the 1st quarter. Capital Research Global Investors now owns 57,803,291 shares of the information services provider's stock worth $8,724,251,000 after purchasing an additional 7,275,757 shares during the period. Bank of New York Mellon Corp increased its holdings in Alphabet by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 49,472,478 shares of the information services provider's stock valued at $9,011,412,000 after buying an additional 238,403 shares in the last quarter. Capital World Investors increased its stake in shares of Alphabet by 1.7% in the 1st quarter. Capital World Investors now owns 35,412,299 shares of the information services provider's stock valued at $5,344,778,000 after purchasing an additional 597,756 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Alphabet by 1.8% in the second quarter. American Century Companies Inc. now owns 23,465,190 shares of the information services provider's stock valued at $4,274,184,000 after buying an additional 418,204 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O'toole sold 682 shares of Alphabet stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $160.44, for a total value of $109,420.08. Following the transaction, the chief accounting officer now directly owns 32,017 shares in the company, valued at approximately $5,136,807.48. This trade represents a 2.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kavitark Ram Shriram sold 10,500 shares of the business's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $177.41, for a total transaction of $1,862,805.00. Following the completion of the transaction, the director now directly owns 319,966 shares in the company, valued at $56,765,168.06. This represents a 3.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 206,795 shares of company stock worth $34,471,141 over the last 90 days. 11.55% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have commented on GOOGL. UBS Group increased their target price on Alphabet from $200.00 to $204.00 and gave the company a "neutral" rating in a report on Wednesday, July 24th. Wells Fargo & Company upped their price objective on shares of Alphabet from $182.00 to $187.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 30th. Phillip Securities raised shares of Alphabet to a "strong-buy" rating in a research note on Friday, November 1st. Evercore ISI upped their price target on Alphabet from $200.00 to $205.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $190.00 price target on shares of Alphabet in a report on Wednesday, October 30th. 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 stock. Based on data from MarketBeat.com, Alphabet has a consensus rating of "Moderate Buy" and a consensus target price of $205.90.

Alphabet Stock Down 1.8 %

Shares of Alphabet stock traded down $3.09 during trading hours on Friday, reaching $172.49. 32,504,649 shares of the company were exchanged, compared to its average volume of 27,756,214. Alphabet Inc. has a 1 year low of $127.90 and a 1 year high of $191.75. The firm has a market cap of $2.11 trillion, a PE ratio of 22.88, a PEG ratio of 1.23 and a beta of 1.03. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The stock's fifty day moving average is $165.61 and its 200 day moving average is $170.18.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced 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 business had revenue of $88.27 billion during the quarter, compared to analysts' expectations of $72.85 billion. During the same quarter last year, the business posted $1.55 EPS. As a group, equities research analysts forecast that Alphabet Inc. will post 7.99 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend is Monday, December 9th. Alphabet's dividend payout ratio (DPR) is presently 10.61%.

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.