Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Vinland Capital Management Gestora de Recursos LTDA.

Vinland Capital Management Gestora de Recursos LTDA. lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 58.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,015 shares of the information services provider's stock after selling 7,175 shares during the period. Alphabet accounts for approximately 2.0% of Vinland Capital Management Gestora de Recursos LTDA.'s holdings, making the stock its 17th biggest position. Vinland Capital Management Gestora de Recursos LTDA.'s holdings in Alphabet were worth $832,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. New Hampshire Trust raised its position in shares of Alphabet by 2.7% during the 2nd quarter. New Hampshire Trust now owns 43,714 shares of the information services provider's stock valued at $7,963,000 after buying an additional 1,132 shares in the last quarter. Berkshire Money Management Inc. purchased a new stake in shares of Alphabet during the 1st quarter valued at about $359,000. Schneider Downs Wealth Management Advisors LP raised its position in shares of Alphabet by 58.4% during the 1st quarter. Schneider Downs Wealth Management Advisors LP now owns 6,374 shares of the information services provider's stock valued at $962,000 after buying an additional 2,351 shares in the last quarter. Trinity Financial Advisors LLC raised its position in Alphabet by 4.5% in the 3rd quarter. Trinity Financial Advisors LLC now owns 4,423 shares of the information services provider's stock worth $771,000 after purchasing an additional 190 shares during the period. Finally, abrdn plc raised its position in Alphabet by 10.7% in the 3rd quarter. abrdn plc now owns 6,305,717 shares of the information services provider's stock worth $1,037,196,000 after purchasing an additional 611,233 shares during the period. Institutional investors own 40.03% of the company's stock.

Insider Buying and Selling

In related news, SVP Prabhakar Raghavan sold 34,257 shares of the company's stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the sale, the senior vice president now directly owns 312,210 shares of the company's stock, valued at $50,765,346. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Amie Thuener O'toole sold 682 shares of the company's stock in a transaction on Tuesday, September 3rd. The shares were 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 represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Prabhakar Raghavan sold 34,257 shares of the company's stock in a transaction on Thursday, August 15th. The shares were 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 approximately $50,765,346. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 241,752 shares of company stock valued at $40,156,829 in the last ninety days. Company insiders own 11.55% of the company's stock.

Alphabet Trading Down 1.5 %

NASDAQ:GOOGL traded down $2.74 on Wednesday, hitting $178.88. The stock had a trading volume of 23,170,800 shares, compared to its average volume of 27,102,947. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The stock has a market cap of $2.19 trillion, a price-to-earnings ratio of 23.79, a PEG ratio of 1.29 and a beta of 1.03. The company has a fifty day moving average price of $164.37 and a two-hundred day moving average price of $169.98. 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 posted its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.29. The company had revenue of $88.27 billion for the quarter, compared to analyst estimates 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 business posted $1.55 EPS. Equities research analysts expect that Alphabet Inc. will post 7.99 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced 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 is Monday, December 9th. Alphabet's payout ratio is currently 10.61%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on GOOGL shares. Cantor Fitzgerald reissued a "neutral" rating and issued a $190.00 price objective on shares of Alphabet in a research report on Wednesday, October 30th. Bank of America increased their price objective on shares of Alphabet from $206.00 to $210.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Seaport Res Ptn raised shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 29th. JMP Securities increased their price objective on shares of Alphabet from $200.00 to $220.00 and gave the stock a "market outperform" rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company raised their target price on shares of Alphabet from $182.00 to $187.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 30th. Seven analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and five have issued a strong buy rating to the company's stock. According to MarketBeat.com, Alphabet presently has an average rating of "Moderate Buy" and an average price target 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.