Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Toth Financial Advisory Corp

Toth Financial Advisory Corp lowered its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 6.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 68,304 shares of the information services provider's stock after selling 4,502 shares during the quarter. Alphabet comprises about 1.3% of Toth Financial Advisory Corp's holdings, making the stock its 17th biggest holding. Toth Financial Advisory Corp's holdings in Alphabet were worth $11,328,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GOOGL. River Street Advisors LLC lifted its position in Alphabet by 9.0% in the first quarter. River Street Advisors LLC now owns 14,652 shares of the information services provider's stock valued at $2,211,000 after buying an additional 1,208 shares during the last quarter. Richardson Capital Management LLC boosted its position in shares of Alphabet by 87.5% during the 1st quarter. Richardson Capital Management LLC now owns 300 shares of the information services provider's stock worth $45,000 after purchasing an additional 140 shares during the period. Cornerstone Wealth Group LLC boosted its position in shares of Alphabet by 60.5% during the 1st quarter. Cornerstone Wealth Group LLC now owns 62,799 shares of the information services provider's stock worth $9,478,000 after purchasing an additional 23,684 shares during the period. Avalon Capital Management boosted its position in shares of Alphabet by 10.0% during the first quarter. Avalon Capital Management now owns 193,631 shares of the information services provider's stock worth $29,225,000 after buying an additional 17,540 shares during the period. Finally, Gradient Capital Advisors LLC grew its stake in shares of Alphabet by 1.4% in the first quarter. Gradient Capital Advisors LLC now owns 21,245 shares of the information services provider's stock valued at $3,207,000 after buying an additional 290 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

GOOGL has been the subject of a number of research reports. TD Securities lifted their price objective on shares of Alphabet from $200.00 to $220.00 in a report on Wednesday, July 10th. DA Davidson started coverage on shares of Alphabet in a research note on Tuesday, September 10th. They issued a "neutral" rating and a $170.00 price target for the company. KeyCorp upped their price objective on Alphabet from $200.00 to $215.00 and gave the stock an "overweight" rating in a research report on Wednesday. BMO Capital Markets reiterated an "outperform" rating and issued a $217.00 target price (up from $215.00) on shares of Alphabet in a report on Wednesday. Finally, Mizuho upped their price target on Alphabet from $205.00 to $210.00 and gave the stock an "outperform" rating in a report on Wednesday, July 24th. Seven investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, Alphabet presently has a consensus rating of "Moderate Buy" and a consensus price target of $205.51.

Insider Transactions at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 682 shares of the business's stock in a transaction 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 completion of the transaction, the chief accounting officer now directly owns 32,017 shares in the company, valued at approximately $5,136,807.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Kavitark Ram Shriram sold 10,500 shares of the business's stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $180.78, for a total value of $1,898,190.00. Following the completion of the sale, the director now directly owns 330,466 shares in the company, valued at approximately $59,741,643.48. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O'toole sold 682 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $160.44, for a total transaction 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 represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 230,244 shares of company stock worth $37,776,954 over the last ninety days. 11.55% of the stock is currently owned by corporate insiders.

Alphabet Price Performance

Shares of GOOGL traded up $0.18 on Friday, reaching $171.29. The stock had a trading volume of 31,779,947 shares, compared to its average volume of 27,244,912. The firm has a 50-day moving average of $162.43 and a 200 day moving average of $168.91. The firm has a market capitalization of $2.11 trillion, a PE ratio of 22.72, a PEG ratio of 1.29 and a beta of 1.04. Alphabet Inc. has a twelve month low of $126.93 and a twelve month high of $191.75. The company has a quick ratio of 2.08, a current ratio of 1.95 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $88.27 billion for the quarter, compared to analysts' expectations of $72.85 billion. During the same period in the prior year, the company earned $1.55 EPS. Sell-side analysts expect that Alphabet Inc. will post 7.85 EPS for the current year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, December 9th. This represents a $0.80 annualized dividend and a dividend yield of 0.47%. Alphabet's dividend payout ratio is currently 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.