Human Investing LLC Sells 156 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Human Investing LLC lessened its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 2.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,665 shares of the information services provider’s stock after selling 156 shares during the period. Human Investing LLC’s holdings in Alphabet were worth $940,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sitrin Capital Management LLC grew its holdings in Alphabet by 0.3% during the third quarter. Sitrin Capital Management LLC now owns 39,370 shares of the information services provider’s stock valued at $6,530,000 after purchasing an additional 110 shares during the period. Silver Coast Investments LLC grew its stake in shares of Alphabet by 33.1% during the 3rd quarter. Silver Coast Investments LLC now owns 3,070 shares of the information services provider’s stock valued at $509,000 after acquiring an additional 764 shares during the period. Values Added Financial LLC increased its holdings in Alphabet by 1.7% in the 3rd quarter. Values Added Financial LLC now owns 9,971 shares of the information services provider’s stock worth $1,654,000 after acquiring an additional 166 shares in the last quarter. Lebenthal Global Advisors LLC raised its stake in Alphabet by 1.9% during the 3rd quarter. Lebenthal Global Advisors LLC now owns 17,704 shares of the information services provider’s stock worth $2,936,000 after acquiring an additional 332 shares during the period. Finally, Absher Wealth Management LLC lifted its holdings in Alphabet by 3.7% during the third quarter. Absher Wealth Management LLC now owns 137,507 shares of the information services provider’s stock valued at $22,806,000 after purchasing an additional 4,946 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Trading Down 1.5 %

Shares of GOOGL opened at $178.88 on Thursday. The firm has a market capitalization of $2.19 trillion, a price-to-earnings ratio of 23.72, a PEG ratio of 1.29 and a beta of 1.03. 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 Inc. has a 1-year low of $127.90 and a 1-year high of $191.75. The company has a 50-day moving average of $164.37 and a 200 day moving average of $169.98.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. The firm had revenue of $88.27 billion during the quarter, compared to analyst estimates of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same quarter in the previous year, the business earned $1.55 earnings per share. On average, research analysts expect that Alphabet Inc. will post 7.99 EPS for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.80 annualized dividend and a dividend yield of 0.45%. Alphabet’s payout ratio is currently 10.61%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. UBS Group raised their price objective on shares of Alphabet from $200.00 to $204.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. raised their price target on Alphabet from $200.00 to $208.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $217.00 price objective (up previously from $215.00) on shares of Alphabet in a research note on Wednesday, October 30th. Tigress Financial lifted their target price on Alphabet from $210.00 to $220.00 and gave the company a “strong-buy” rating in a research note on Thursday, September 26th. Finally, The Goldman Sachs Group dropped their price target on Alphabet from $217.00 to $208.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and five have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $205.90.

Insider Buying and Selling

In other news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $167.66, for a total value of $3,772,350.00. Following the completion of the sale, the chief executive officer now owns 2,159,885 shares in the company, valued at approximately $362,126,319.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider John Kent Walker sold 21,467 shares of Alphabet stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $160.35, for a total value of $3,442,233.45. Following the transaction, the insider now owns 39,334 shares of the company’s stock, valued at $6,307,206.90. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $167.66, for a total transaction of $3,772,350.00. Following the sale, the chief executive officer now directly owns 2,159,885 shares of the company’s stock, valued at $362,126,319.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 207,495 shares of company stock valued at $34,586,641 over the last three months. 11.55% of the stock is owned by company insiders.

Alphabet Company 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.