Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Lakehouse Capital Pty Ltd

Lakehouse Capital Pty Ltd reduced its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 19.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,660 shares of the information services provider’s stock after selling 16,000 shares during the quarter. Alphabet accounts for about 7.7% of Lakehouse Capital Pty Ltd’s holdings, making the stock its 5th biggest position. Lakehouse Capital Pty Ltd’s holdings in Alphabet were worth $10,977,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in GOOG. Richardson Financial Services Inc. bought a new stake in Alphabet in the fourth quarter worth about $34,000. Abich Financial Wealth Management LLC raised its position in shares of Alphabet by 9,200.0% in the second quarter. Abich Financial Wealth Management LLC now owns 186 shares of the information services provider’s stock valued at $34,000 after purchasing an additional 184 shares during the period. 1620 Investment Advisors Inc. bought a new stake in shares of Alphabet in the second quarter valued at approximately $37,000. HWG Holdings LP bought a new stake in shares of Alphabet in the second quarter valued at approximately $40,000. Finally, Slocum Gordon & Co LLP bought a new stake in shares of Alphabet in the second quarter valued at approximately $44,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Amie Thuener O’toole sold 1,367 shares of Alphabet stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $168.84, for a total value of $230,804.28. Following the sale, the chief accounting officer now owns 29,183 shares of the company’s stock, valued at $4,927,257.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $168.84, for a total value of $230,804.28. Following the completion of the transaction, the chief accounting officer now owns 29,183 shares of the company’s stock, valued at $4,927,257.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $167.07, for a total transaction of $3,759,075.00. Following the sale, the chief executive officer now owns 2,129,306 shares of the company’s stock, valued at approximately $355,743,153.42. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 217,592 shares of company stock worth $35,922,911 in the last ninety days. 12.99% of the stock is owned by corporate insiders.

Alphabet Trading Down 0.0 %

Shares of NASDAQ:GOOG traded down $0.05 during trading on Thursday, reaching $163.01. The company’s stock had a trading volume of 2,765,702 shares, compared to its average volume of 19,786,891. The stock has a market capitalization of $2.01 trillion, a PE ratio of 25.01, a price-to-earnings-growth ratio of 1.21 and a beta of 1.04. The firm’s 50 day simple moving average is $163.07 and its two-hundred day simple moving average is $169.07. Alphabet Inc. has a 12 month low of $121.46 and a 12 month high of $193.31. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.04. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The firm had revenue of $84.74 billion for the quarter, compared to analyst estimates of $84.22 billion. During the same period in the previous year, the company earned $1.44 earnings per share. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. On average, research analysts predict that Alphabet Inc. will post 7.63 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 9th were given a dividend of $0.20 per share. The ex-dividend date was Monday, September 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.49%. Alphabet’s payout ratio is currently 12.27%.

Analyst Ratings Changes

Several analysts have issued reports on GOOG shares. Cantor Fitzgerald upgraded shares of Alphabet to a “hold” rating in a research note on Thursday, September 5th. Wolfe Research raised Alphabet to a “strong-buy” rating in a research note on Tuesday, July 16th. Rosenblatt Securities lowered Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price objective for the company. in a research note on Friday, June 28th. Oppenheimer dropped their price objective on Alphabet from $210.00 to $185.00 and set an “outperform” rating for the company in a research note on Wednesday, September 25th. Finally, Pivotal Research started coverage on Alphabet in a research note on Tuesday, October 1st. They set a “buy” rating and a $215.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $184.11.

Alphabet Profile

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.