Symmetry Partners LLC Has $586,000 Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Symmetry Partners LLC decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 93.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,531 shares of the information services provider’s stock after selling 49,164 shares during the period. Symmetry Partners LLC’s holdings in Alphabet were worth $586,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Arlington Trust Co LLC boosted its holdings in Alphabet by 0.7% in the 3rd quarter. Arlington Trust Co LLC now owns 25,811 shares of the information services provider’s stock valued at $4,281,000 after purchasing an additional 167 shares during the period. Fullcircle Wealth LLC raised its position in shares of Alphabet by 0.6% during the third quarter. Fullcircle Wealth LLC now owns 12,307 shares of the information services provider’s stock valued at $2,052,000 after buying an additional 69 shares during the last quarter. Ceredex Value Advisors LLC lifted its stake in shares of Alphabet by 44.6% in the third quarter. Ceredex Value Advisors LLC now owns 235,214 shares of the information services provider’s stock valued at $39,010,000 after buying an additional 72,536 shares during the period. Chicago Partners Investment Group LLC grew its position in Alphabet by 1.2% during the third quarter. Chicago Partners Investment Group LLC now owns 63,801 shares of the information services provider’s stock worth $10,386,000 after buying an additional 734 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Alphabet by 9.4% during the third quarter. Farther Finance Advisors LLC now owns 117,365 shares of the information services provider’s stock valued at $19,463,000 after acquiring an additional 10,044 shares during the period. 40.03% of the stock is currently owned by institutional investors.

Alphabet Price Performance

GOOGL opened at $175.58 on Friday. The company has a fifty day moving average price of $164.82 and a two-hundred day moving average price of $170.04. The firm has a market capitalization of $2.15 trillion, a PE ratio of 23.29, a P/E/G ratio of 1.29 and a beta of 1.03. Alphabet Inc. has a 52 week low of $127.90 and a 52 week high of $191.75. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95.

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

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be paid a $0.20 dividend. The ex-dividend date is Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.46%. Alphabet’s dividend payout ratio (DPR) is presently 10.61%.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $158.68, for a total value of $3,570,300.00. Following the completion of the transaction, the chief executive officer now directly owns 2,137,385 shares in the company, valued at approximately $339,160,251.80. The trade was a 1.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $160.44, for a total transaction of $109,420.08. Following the sale, the chief accounting officer now owns 32,017 shares in the company, valued at $5,136,807.48. This trade 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 worth $34,471,141 in the last ninety days. Company insiders own 11.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GOOGL. Sanford C. Bernstein raised their price objective on Alphabet from $180.00 to $185.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. BMO Capital Markets reiterated an “outperform” rating and set a $217.00 price target (up previously from $215.00) on shares of Alphabet in a research note on Wednesday, October 30th. Roth Mkm increased their price objective on shares of Alphabet from $206.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group decreased their target price on shares of Alphabet from $217.00 to $208.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Finally, Tigress Financial increased their price target on shares of Alphabet from $210.00 to $220.00 and gave the stock a “strong-buy” rating in a research report on Thursday, September 26th. Seven research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and five have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $205.90.

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.