Castleview Partners LLC Has $430,000 Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Castleview Partners LLC lowered its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 6.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,595 shares of the information services provider’s stock after selling 175 shares during the quarter. Castleview Partners LLC’s holdings in Alphabet were worth $430,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. River Street Advisors LLC boosted its position in Alphabet by 9.0% during the 1st quarter. River Street Advisors LLC now owns 14,652 shares of the information services provider’s stock worth $2,211,000 after acquiring an additional 1,208 shares during the period. Richardson Capital Management LLC lifted its position in shares of Alphabet by 87.5% in the first quarter. Richardson Capital Management LLC now owns 300 shares of the information services provider’s stock worth $45,000 after purchasing an additional 140 shares in the last quarter. Cornerstone Wealth Group LLC boosted its holdings in shares of Alphabet by 60.5% during the first quarter. Cornerstone Wealth Group LLC now owns 62,799 shares of the information services provider’s stock worth $9,478,000 after purchasing an additional 23,684 shares during the period. Avalon Capital Management grew its position in Alphabet by 10.0% during the first quarter. Avalon Capital Management now owns 193,631 shares of the information services provider’s stock valued at $29,225,000 after purchasing an additional 17,540 shares in the last quarter. Finally, Gradient Capital Advisors LLC increased its stake in Alphabet by 1.4% in the 1st quarter. Gradient Capital Advisors LLC now owns 21,245 shares of the information services provider’s stock valued at $3,207,000 after buying an additional 290 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Activity

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $162.35, for a total transaction of $3,652,875.00. Following the sale, the chief executive officer now directly owns 2,182,385 shares of the company’s stock, valued at approximately $354,310,204.75. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $162.35, for a total value of $3,652,875.00. Following the transaction, the chief executive officer now owns 2,182,385 shares in the company, valued at $354,310,204.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $160.44, for a total value of $109,420.08. Following the completion of the sale, the chief accounting officer now owns 32,017 shares of the company’s stock, valued at approximately $5,136,807.48. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 219,744 shares of company stock worth $35,878,764. Corporate insiders own 11.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on GOOGL shares. BMO Capital Markets reissued an “outperform” rating and set a $217.00 target price (up previously from $215.00) on shares of Alphabet in a research note on Wednesday. TD Securities boosted their target price on Alphabet from $200.00 to $220.00 in a research note on Wednesday, July 10th. Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Morgan Stanley boosted their price target on Alphabet from $190.00 to $205.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Jefferies Financial Group raised their price objective on shares of Alphabet from $215.00 to $220.00 in a research report on Tuesday, July 9th. Seven investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and an average target price of $205.51.

Alphabet Trading Down 1.9 %

Shares of GOOGL opened at $171.11 on Friday. The stock’s 50-day moving average price is $162.32 and its 200 day moving average price is $168.79. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 12-month low of $122.68 and a 12-month high of $191.75. The firm has a market capitalization of $2.11 trillion, a price-to-earnings ratio of 26.24, a P/E/G ratio of 1.27 and a beta of 1.04.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The business had revenue of $88.27 billion during the quarter, compared to analyst estimates of $72.85 billion. During the same period in the prior year, the company posted $1.55 earnings per share. As a group, research analysts predict that Alphabet Inc. will post 7.65 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Monday, December 9th. Alphabet’s payout ratio is 12.27%.

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.