Realta Investment Advisors Has $1.85 Million Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Realta Investment Advisors trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 64.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,194 shares of the information services provider's stock after selling 20,685 shares during the quarter. Alphabet comprises 0.9% of Realta Investment Advisors' portfolio, making the stock its 29th biggest holding. Realta Investment Advisors' holdings in Alphabet were worth $1,847,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Christopher J. Hasenberg Inc grew its position in shares of Alphabet by 75.0% in the second 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 during the last quarter. Kings Path Partners LLC acquired a new stake in shares of Alphabet in the second quarter valued at about $36,000. Denver PWM LLC acquired a new stake in shares of Alphabet in the second quarter valued at about $41,000. CarsonAllaria Wealth Management Ltd. grew its position in shares of Alphabet by 59.2% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 293 shares of the information services provider's stock valued at $44,000 after purchasing an additional 109 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of Alphabet in the second quarter valued at about $53,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on GOOGL. Morgan Stanley raised their price target on Alphabet from $190.00 to $205.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. JMP Securities increased their target price on shares of Alphabet from $200.00 to $220.00 and gave the company a "market outperform" rating in a research note on Wednesday, October 30th. Seaport Res Ptn upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 29th. BMO Capital Markets reiterated an "outperform" rating and issued a $217.00 target price (up previously from $215.00) on shares of Alphabet in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group reduced their target price on shares of Alphabet from $217.00 to $208.00 and set a "buy" rating for the company in a research note on Monday, October 14th. Seven investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and five have given a strong buy rating to the stock. Based on data from MarketBeat, Alphabet currently has an average rating of "Moderate Buy" and a consensus target price of $205.90.

Insiders Place Their Bets

In other news, Director John L. Hennessy sold 800 shares of the business's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $153.75, for a total transaction of $123,000.00. Following the transaction, the director now directly owns 28,524 shares in the company, valued at $4,385,565. The trade was a 2.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Amie Thuener O'toole sold 682 shares of the business'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 transaction, the chief accounting officer now owns 32,017 shares in the company, valued at $5,136,807.48. This represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 206,795 shares of company stock valued at $34,471,141 in the last three months. 11.55% of the stock is currently owned by corporate insiders.

Alphabet Trading Down 1.5 %

Shares of NASDAQ GOOGL traded down $2.62 during midday trading on Friday, reaching $172.96. 4,816,222 shares of the stock were exchanged, compared to its average volume of 27,020,586. The business has a 50-day simple moving average of $165.18 and a two-hundred day simple moving average of $170.08. The company has a market capitalization of $2.12 trillion, a price-to-earnings ratio of 23.04, a P/E/G ratio of 1.27 and a beta of 1.03. Alphabet Inc. has a 12 month low of $127.90 and a 12 month high of $191.75. 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 (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating the consensus estimate of $1.83 by $0.29. The business had revenue of $88.27 billion for the quarter, compared to analysts' expectations of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same period in the previous year, the firm posted $1.55 EPS. As a group, equities research analysts expect that Alphabet Inc. will post 7.99 EPS for the current year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.80 annualized dividend and a yield of 0.46%. Alphabet's dividend payout ratio (DPR) is presently 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.