Alphabet Inc. (NASDAQ:GOOGL) Position Lessened by Hyperion Capital Advisors LP

Hyperion Capital Advisors LP decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 53,664 shares of the information services provider’s stock after selling 1,260 shares during the period. Alphabet accounts for approximately 4.2% of Hyperion Capital Advisors LP’s portfolio, making the stock its 8th largest holding. Hyperion Capital Advisors LP’s holdings in Alphabet were worth $8,900,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of GOOGL. Lantz Financial LLC raised its stake in Alphabet by 10.8% during the second quarter. Lantz Financial LLC now owns 4,622 shares of the information services provider’s stock worth $842,000 after purchasing an additional 452 shares during the period. Capital Investment Advisors LLC raised its stake in Alphabet by 4.5% during the second quarter. Capital Investment Advisors LLC now owns 376,816 shares of the information services provider’s stock worth $68,637,000 after purchasing an additional 16,253 shares during the period. St. Louis Financial Planners Asset Management LLC raised its stake in Alphabet by 50.0% during the second quarter. St. Louis Financial Planners Asset Management LLC now owns 19,221 shares of the information services provider’s stock worth $3,517,000 after purchasing an additional 6,404 shares during the period. Register Financial Advisors LLC raised its stake in Alphabet by 16.6% during the second quarter. Register Financial Advisors LLC now owns 2,823 shares of the information services provider’s stock worth $514,000 after purchasing an additional 401 shares during the period. Finally, Annex Advisory Services LLC raised its stake in Alphabet by 2.1% during the second quarter. Annex Advisory Services LLC now owns 37,951 shares of the information services provider’s stock worth $6,913,000 after purchasing an additional 785 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of several recent research reports. Tigress Financial increased their price objective 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. Morgan Stanley increased their price objective on shares of Alphabet from $190.00 to $205.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group dropped their price objective on shares of Alphabet from $217.00 to $208.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Needham & Company LLC reissued a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company increased their price objective on shares of Alphabet from $182.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and five have given a strong buy rating to the company’s stock. According to MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus price target of $206.03.

Alphabet Trading Up 5.6 %

Alphabet stock opened at $185.17 on Wednesday. The firm’s 50-day moving average is $169.70 and its 200-day moving average is $170.21. 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 Inc. has a 1 year low of $129.68 and a 1 year high of $191.75. The company has a market cap of $2.27 trillion, a P/E ratio of 24.56, a PEG ratio of 1.24 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL) last issued 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 the consensus estimate 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 firm posted $1.55 EPS. On average, equities analysts expect that Alphabet Inc. will post 8.01 earnings per share 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 given 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 0.43%. Alphabet’s dividend payout ratio is presently 10.61%.

Insider Activity at Alphabet

In other Alphabet 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 transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 1,367 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $168.84, for a total transaction of $230,804.28. Following the transaction, the chief accounting officer now directly owns 29,183 shares in the company, valued at approximately $4,927,257.72. The trade was a 4.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 197,923 shares of company stock worth $34,244,676 in the last ninety days. 11.55% of the stock is owned by insiders.

About Alphabet

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.