Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Fiducient Advisors LLC

Fiducient Advisors LLC lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 56.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,752 shares of the information services provider's stock after selling 3,544 shares during the period. Fiducient Advisors LLC's holdings in Alphabet were worth $456,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. JFS Wealth Advisors LLC raised its holdings in Alphabet by 93.7% in the 3rd quarter. JFS Wealth Advisors LLC now owns 30,617 shares of the information services provider's stock worth $5,078,000 after purchasing an additional 14,808 shares during the period. Sunburst Financial Group LLC grew its stake in shares of Alphabet by 5.0% during the 3rd quarter. Sunburst Financial Group LLC now owns 6,868 shares of the information services provider's stock valued at $1,139,000 after acquiring an additional 325 shares during the period. Diversify Wealth Management LLC raised its stake in Alphabet by 41.2% during the 3rd quarter. Diversify Wealth Management LLC now owns 18,192 shares of the information services provider's stock worth $2,961,000 after acquiring an additional 5,306 shares during the period. Pinnacle Associates Ltd. lifted its holdings in Alphabet by 1.7% during the third quarter. Pinnacle Associates Ltd. now owns 371,350 shares of the information services provider's stock valued at $61,588,000 after purchasing an additional 6,100 shares in the last quarter. Finally, First Trust Direct Indexing L.P. boosted its position in shares of Alphabet by 5.4% in the third quarter. First Trust Direct Indexing L.P. now owns 293,152 shares of the information services provider's stock worth $48,619,000 after purchasing an additional 15,019 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O'toole sold 682 shares of the firm'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 in the company, valued at $5,136,807.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CAO Amie Thuener O'toole sold 682 shares of Alphabet stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $160.44, for a total value of $109,420.08. Following the completion of the transaction, the chief accounting officer now owns 32,017 shares in the company, valued at approximately $5,136,807.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Prabhakar Raghavan sold 34,257 shares of Alphabet stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the completion of the transaction, the senior vice president now owns 312,210 shares of the company's stock, valued at $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 have sold 241,752 shares of company stock worth $40,156,829. 11.55% of the stock is currently owned by insiders.

Alphabet Price Performance

Alphabet stock traded up $1.27 during trading on Tuesday, reaching $181.62. The company had a trading volume of 25,122,860 shares, compared to its average volume of 27,119,752. 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 firm's 50-day simple moving average is $163.88 and its 200 day simple moving average is $169.91. The firm has a market capitalization of $2.22 trillion, a PE ratio of 23.84, a price-to-earnings-growth 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.

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 net margin of 27.74% and a return on equity of 31.66%. The company had revenue of $88.27 billion during the quarter, compared to analysts' expectations of $72.85 billion. During the same quarter in the prior year, the company earned $1.55 EPS. As a group, equities research analysts anticipate that Alphabet Inc. will post 7.99 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

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

Analyst Ratings Changes

Several brokerages recently weighed in on GOOGL. Guggenheim upped their target price on shares of Alphabet from $195.00 to $205.00 and gave the stock a "buy" rating in a report on Wednesday, July 24th. Phillip Securities raised shares of Alphabet to a "strong-buy" rating in a report on Friday, November 1st. Royal Bank of Canada upped their target price on shares of Alphabet from $204.00 to $210.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. KeyCorp boosted their price target on shares of Alphabet from $200.00 to $215.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company lifted their price objective on Alphabet from $182.00 to $187.00 and gave the stock an "equal weight" 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 issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $205.90.

About Alphabet

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.