HT Partners LLC Sells 289 Shares of Alphabet Inc. (NASDAQ:GOOGL)

HT Partners LLC lessened its stake in Alphabet Inc. (NASDAQ:GOOGL) by 2.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,791 shares of the information services provider’s stock after selling 289 shares during the period. Alphabet comprises 0.7% of HT Partners LLC’s portfolio, making the stock its 16th biggest holding. HT Partners LLC’s holdings in Alphabet were worth $1,956,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GOOGL. Denali Advisors LLC increased its holdings in shares of Alphabet by 6.0% in the first quarter. Denali Advisors LLC now owns 7,100 shares of the information services provider’s stock valued at $1,072,000 after purchasing an additional 400 shares in the last quarter. KFG Wealth Management LLC increased its holdings in shares of Alphabet by 30.1% in the first quarter. KFG Wealth Management LLC now owns 2,491 shares of the information services provider’s stock valued at $376,000 after purchasing an additional 577 shares in the last quarter. BluePath Capital Management LLC increased its holdings in shares of Alphabet by 18.9% in the first quarter. BluePath Capital Management LLC now owns 3,569 shares of the information services provider’s stock valued at $539,000 after purchasing an additional 568 shares in the last quarter. E&G Advisors LP increased its holdings in shares of Alphabet by 0.4% in the first quarter. E&G Advisors LP now owns 53,945 shares of the information services provider’s stock valued at $8,142,000 after purchasing an additional 194 shares in the last quarter. Finally, OMNI 360 Wealth Inc. increased its holdings in shares of Alphabet by 5.6% in the first quarter. OMNI 360 Wealth Inc. now owns 1,972 shares of the information services provider’s stock valued at $298,000 after purchasing an additional 105 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $160.44, for a total transaction of $109,420.08. Following the completion of the sale, the chief accounting officer now owns 32,017 shares of the company’s stock, valued at approximately $5,136,807.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $5,136,807.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Prabhakar Raghavan sold 34,257 shares of the 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 completion of the transaction, the senior vice president now directly 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. In the last 90 days, insiders sold 232,052 shares of company stock valued at $38,086,723. Company insiders own 11.55% of the company’s stock.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of a number of analyst reports. Jefferies Financial Group lifted their target price on shares of Alphabet from $215.00 to $220.00 in a report on Tuesday, July 9th. Royal Bank of Canada boosted their price target on shares of Alphabet from $204.00 to $210.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Seaport Res Ptn raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Needham & Company LLC reissued a “buy” rating and issued a $210.00 price target on shares of Alphabet in a report on Wednesday, October 30th. Finally, Wedbush reissued an “outperform” rating and issued a $205.00 price target on shares of Alphabet in a report on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and four have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $205.51.

Alphabet Stock Down 1.2 %

Shares of GOOGL opened at $169.24 on Tuesday. Alphabet Inc. has a 52 week low of $127.90 and a 52 week high of $191.75. The firm has a market cap of $2.08 trillion, a P/E ratio of 22.45, a price-to-earnings-growth ratio of 1.23 and a beta of 1.03. The firm’s 50-day simple moving average is $162.49 and its 200 day simple moving average is $169.20. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 1.95.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $72.85 billion. During the same quarter in the prior year, the business posted $1.55 EPS. On average, analysts forecast that Alphabet Inc. will post 7.91 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, December 9th. Alphabet’s dividend payout ratio (DPR) is presently 10.61%.

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.