Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Mcdonald Capital Investors Inc. CA

Mcdonald Capital Investors Inc. CA lessened its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 275,855 shares of the information services provider's stock after selling 6,362 shares during the period. Alphabet accounts for approximately 2.8% of Mcdonald Capital Investors Inc. CA's portfolio, making the stock its 15th largest position. Mcdonald Capital Investors Inc. CA's holdings in Alphabet were worth $45,751,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GOOGL. China Universal Asset Management Co. Ltd. boosted its stake in Alphabet by 70.6% in the first quarter. China Universal Asset Management Co. Ltd. now owns 101,230 shares of the information services provider's stock valued at $15,279,000 after acquiring an additional 41,880 shares in the last quarter. Quent Capital LLC boosted its stake in shares of Alphabet by 3.6% during the first quarter. Quent Capital LLC now owns 31,171 shares of the information services provider's stock worth $4,705,000 after buying an additional 1,072 shares during the period. Portland Global Advisors LLC boosted its stake in shares of Alphabet by 4.2% during the first quarter. Portland Global Advisors LLC now owns 4,995 shares of the information services provider's stock worth $754,000 after buying an additional 200 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in shares of Alphabet by 5.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 6,576,002 shares of the information services provider's stock worth $992,516,000 after buying an additional 337,795 shares during the period. Finally, Interchange Capital Partners LLC boosted its stake in shares of Alphabet by 3.1% during the first quarter. Interchange Capital Partners LLC now owns 13,104 shares of the information services provider's stock worth $1,975,000 after buying an additional 395 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.

Analysts Set New Price Targets

GOOGL has been the subject of several recent research reports. Cantor Fitzgerald reiterated a "neutral" rating and set a $190.00 target price on shares of Alphabet in a research note on Wednesday, October 30th. Morgan Stanley increased their price target on shares of Alphabet from $190.00 to $205.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. China Renaissance raised shares of Alphabet from a "hold" rating to a "buy" rating in a report on Thursday, October 31st. JPMorgan Chase & Co. increased their price target on shares of Alphabet from $200.00 to $208.00 and gave the stock an "overweight" rating in a report on Wednesday, July 24th. Finally, Loop Capital increased their price target on shares of Alphabet from $170.00 to $185.00 and gave the stock a "hold" rating in a report on Wednesday, November 6th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and five have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $205.90.

Insider Buying and Selling

In related news, insider John Kent Walker sold 21,467 shares of Alphabet stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $160.35, for a total transaction of $3,442,233.45. Following the sale, the insider now owns 39,334 shares of the company's stock, valued at $6,307,206.90. The trade was a 35.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the business's stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $158.68, for a total transaction of $3,570,300.00. Following the completion of the sale, the chief executive officer now directly owns 2,137,385 shares of the company's stock, 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 184,295 shares of company stock valued at $30,698,791 in the last quarter. Company insiders own 11.55% of the company's stock.

Alphabet Stock Performance

Shares of GOOGL stock opened at $175.98 on Thursday. The company's fifty day simple moving average is $167.23 and its 200-day simple moving average is $170.40. Alphabet Inc. has a 52 week low of $127.90 and a 52 week high of $191.75. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The company has a market cap of $2.15 trillion, a PE ratio of 23.34, a P/E/G ratio of 1.27 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $72.85 billion. During the same quarter last year, the firm posted $1.55 EPS. As a group, equities research analysts anticipate that Alphabet Inc. will post 7.99 EPS for the current year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend is Monday, December 9th. Alphabet's dividend payout ratio (DPR) is 10.61%.

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.