Certified Advisory Corp Sells 131 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Certified Advisory Corp lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,711 shares of the information services provider’s stock after selling 131 shares during the quarter. Certified Advisory Corp’s holdings in Alphabet were worth $3,269,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Leelyn Smith LLC raised its position in Alphabet by 3.6% during the third quarter. Leelyn Smith LLC now owns 40,499 shares of the information services provider’s stock valued at $6,717,000 after purchasing an additional 1,417 shares during the period. Camden National Bank increased its position in shares of Alphabet by 295.2% during the 3rd quarter. Camden National Bank now owns 38,844 shares of the information services provider’s stock valued at $6,442,000 after purchasing an additional 29,016 shares during the last quarter. Montrusco Bolton Investments Inc. raised its holdings in Alphabet by 6.1% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 3,366,312 shares of the information services provider’s stock valued at $545,458,000 after buying an additional 193,968 shares during the period. Stonebrook Private Inc. lifted its position in Alphabet by 6.5% in the third quarter. Stonebrook Private Inc. now owns 17,695 shares of the information services provider’s stock worth $2,935,000 after buying an additional 1,079 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd boosted its stake in Alphabet by 0.4% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,651,000 shares of the information services provider’s stock worth $273,818,000 after buying an additional 6,000 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Trading Up 1.2 %

NASDAQ GOOGL opened at $174.71 on Friday. Alphabet Inc. has a 52 week low of $129.68 and a 52 week high of $191.75. The company has a 50 day moving average price of $169.30 and a 200 day moving average price of $170.31. 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 firm has a market cap of $2.14 trillion, a PE ratio of 23.17, a price-to-earnings-growth ratio of 1.21 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL) last issued its quarterly 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. The business had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same period in the prior year, the firm posted $1.55 earnings per share. As a group, sell-side analysts forecast that Alphabet Inc. will post 8.01 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm 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. This represents a $0.80 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Monday, December 9th. Alphabet’s dividend payout ratio is presently 10.61%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on GOOGL shares. Cantor Fitzgerald reissued a “neutral” rating and issued a $190.00 target price on shares of Alphabet in a research note on Wednesday, October 30th. KeyCorp upped their price target on shares of Alphabet from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Royal Bank of Canada raised their price objective on shares of Alphabet from $204.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Sanford C. Bernstein upped their target price on Alphabet from $180.00 to $185.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Finally, Evercore ISI increased their price target on Alphabet from $200.00 to $205.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Seven investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and five have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.90.

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O’toole sold 2,835 shares of Alphabet stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $151.53, for a total value of $429,587.55. Following the completion of the sale, the chief accounting officer now directly owns 29,182 shares in the company, valued at $4,421,948.46. This trade represents a 8.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $160.63, for a total transaction of $3,614,175.00. Following the transaction, the chief executive officer now owns 2,114,885 shares in the company, valued at $339,713,977.55. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 163,624 shares of company stock worth $27,803,730. Insiders own 11.55% of the company’s stock.

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.