Intellectus Partners LLC Has $3.82 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

Intellectus Partners LLC reduced its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,049 shares of the information services provider’s stock after selling 521 shares during the period. Alphabet comprises about 1.0% of Intellectus Partners LLC’s investment portfolio, making the stock its 19th biggest position. Intellectus Partners LLC’s holdings in Alphabet were worth $3,823,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the business. OneDigital Investment Advisors LLC boosted its position in shares of Alphabet by 3.7% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 271,488 shares of the information services provider’s stock valued at $45,026,000 after acquiring an additional 9,657 shares in the last quarter. Sargent Investment Group LLC boosted its position in shares of Alphabet by 10.6% during the 3rd quarter. Sargent Investment Group LLC now owns 41,808 shares of the information services provider’s stock valued at $6,934,000 after acquiring an additional 3,990 shares in the last quarter. Omnia Family Wealth LLC boosted its position in shares of Alphabet by 15.8% during the 3rd quarter. Omnia Family Wealth LLC now owns 9,751 shares of the information services provider’s stock valued at $1,617,000 after acquiring an additional 1,328 shares in the last quarter. Palo Alto Wealth Advisors LLC boosted its position in shares of Alphabet by 447.4% during the 3rd quarter. Palo Alto Wealth Advisors LLC now owns 255,063 shares of the information services provider’s stock valued at $41,848,000 after acquiring an additional 208,464 shares in the last quarter. Finally, Lifeworks Advisors LLC boosted its position in shares of Alphabet by 48.7% during the 3rd quarter. Lifeworks Advisors LLC now owns 7,471 shares of the information services provider’s stock valued at $1,239,000 after acquiring an additional 2,448 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Trading Up 0.1 %

GOOGL opened at $169.23 on Friday. The firm’s fifty day moving average is $168.36 and its two-hundred day moving average is $170.33. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The firm has a market cap of $2.07 trillion, a PE ratio of 22.44, a price-to-earnings-growth ratio of 1.19 and a beta of 1.03. Alphabet Inc. has a twelve month low of $127.90 and a twelve month high of $191.75.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.29. The company 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 period last year, the business posted $1.55 earnings per share. Equities research analysts anticipate that Alphabet Inc. will post 8.01 EPS for the current year.

Alphabet Announces Dividend

The company also recently announced 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 0.47%. Alphabet’s dividend payout ratio (DPR) is presently 10.61%.

Insiders Place Their Bets

In other news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $176.67, for a total transaction of $3,975,075.00. Following the completion of the sale, the chief executive officer now owns 2,061,806 shares of the company’s stock, valued at $364,259,266.02. This represents a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction 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 directly owns 32,017 shares of the company’s stock, valued at $5,136,807.48. This represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 206,795 shares of company stock worth $34,673,866. Company insiders own 11.55% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. JMP Securities upped their price objective on shares of Alphabet from $200.00 to $220.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 30th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $190.00 price objective on shares of Alphabet in a research note on Wednesday, October 30th. Seaport Res Ptn raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Tigress Financial upped their price objective on shares of Alphabet from $210.00 to $220.00 and gave the stock a “strong-buy” rating in a research note on Thursday, September 26th. Finally, The Goldman Sachs Group decreased their price objective on shares of Alphabet from $217.00 to $208.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Seven research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and five have issued a strong buy rating to the company. According to data from MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and a consensus target price of $205.90.

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.