MontVue Capital Management Inc. Has $282,000 Holdings in Alphabet Inc. (NASDAQ:GOOGL)

MontVue Capital Management Inc. decreased its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 19.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,700 shares of the information services provider’s stock after selling 410 shares during the quarter. MontVue Capital Management Inc.’s holdings in Alphabet were worth $282,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. China Universal Asset Management Co. Ltd. lifted its position in Alphabet by 70.6% during the first quarter. China Universal Asset Management Co. Ltd. now owns 101,230 shares of the information services provider’s stock worth $15,279,000 after purchasing an additional 41,880 shares during the period. Quent Capital LLC raised its position in shares of Alphabet by 3.6% in the 1st quarter. Quent Capital LLC now owns 31,171 shares of the information services provider’s stock valued at $4,705,000 after buying an additional 1,072 shares in the last quarter. Portland Global Advisors LLC lifted its holdings in shares of Alphabet by 4.2% during the 1st quarter. Portland Global Advisors LLC now owns 4,995 shares of the information services provider’s stock worth $754,000 after acquiring an additional 200 shares during the period. State Board of Administration of Florida Retirement System boosted its position in shares of Alphabet by 5.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 6,576,002 shares of the information services provider’s stock worth $992,516,000 after acquiring an additional 337,795 shares in the last quarter. Finally, Interchange Capital Partners LLC increased its stake in Alphabet by 3.1% in the first quarter. Interchange Capital Partners LLC now owns 13,104 shares of the information services provider’s stock valued at $1,975,000 after acquiring an additional 395 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In related news, Director Frances Arnold sold 441 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $171.06, for a total value of $75,437.46. Following the transaction, the director now owns 16,490 shares of the company’s stock, valued at approximately $2,820,779.40. This trade represents a 2.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kavitark Ram Shriram sold 10,500 shares of Alphabet stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $180.78, for a total value of $1,898,190.00. Following the transaction, the director now owns 330,466 shares of the company’s stock, valued at $59,741,643.48. This trade represents a 3.08 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 184,295 shares of company stock valued at $30,698,791. Company insiders own 11.55% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on GOOGL shares. Seaport Res Ptn upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Tigress Financial raised their price objective on Alphabet from $210.00 to $220.00 and gave the company a “strong-buy” rating in a research note on Thursday, September 26th. Guggenheim boosted their target price on Alphabet from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. JMP Securities raised their price target on shares of Alphabet from $200.00 to $220.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Finally, KeyCorp upped their price objective on shares of Alphabet from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Seven investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and five have given a strong buy rating to the company. According to data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and an average price target of $205.90.

Alphabet Stock Down 1.2 %

Alphabet stock opened at $175.98 on Thursday. 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 company has a market capitalization of $2.15 trillion, a PE ratio of 23.34, a PEG ratio of 1.23 and a beta of 1.03. The firm’s fifty day moving average is $167.23 and its 200 day moving average is $170.40. Alphabet Inc. has a 12-month low of $127.90 and a 12-month high of $191.75.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data 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 firm 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 quarter in the prior year, the business earned $1.55 earnings per share. As a group, sell-side analysts predict that Alphabet Inc. will post 7.99 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders 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 yield of 0.45%. Alphabet’s payout ratio is currently 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.