Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Community Financial Services Group LLC

Community Financial Services Group LLC cut its position in Alphabet Inc. (NASDAQ:GOOGL) by 2.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,736 shares of the information services provider’s stock after selling 139 shares during the quarter. Community Financial Services Group LLC’s holdings in Alphabet were worth $785,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of GOOGL. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Alphabet by 4.7% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 163,806 shares of the information services provider’s stock worth $27,167,000 after purchasing an additional 7,313 shares during the last quarter. Stewardship Advisors LLC acquired a new stake in Alphabet during the third quarter valued at approximately $533,000. Northwest Investment Counselors LLC lifted its holdings in Alphabet by 0.8% during the 3rd quarter. Northwest Investment Counselors LLC now owns 17,742 shares of the information services provider’s stock worth $2,943,000 after buying an additional 147 shares during the last quarter. Little House Capital LLC grew its position in shares of Alphabet by 15.9% in the 3rd quarter. Little House Capital LLC now owns 63,422 shares of the information services provider’s stock worth $10,519,000 after acquiring an additional 8,706 shares in the last quarter. Finally, Kennedy Investment Group increased its holdings in shares of Alphabet by 4.0% in the 3rd quarter. Kennedy Investment Group now owns 6,713 shares of the information services provider’s stock valued at $1,113,000 after acquiring an additional 256 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analyst Ratings Changes

GOOGL has been the topic of several research reports. Wolfe Research started coverage on shares of Alphabet in a research note on Tuesday, July 16th. They set an “outperform” rating and a $240.00 price objective on the stock. Bank of America increased their price target on Alphabet from $206.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday. Pivotal Research boosted their price objective on Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday. Citigroup increased their target price on Alphabet from $190.00 to $212.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Finally, The Goldman Sachs Group cut their target price on Alphabet from $217.00 to $208.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Seven analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $205.51.

Alphabet Trading Down 1.9 %

GOOGL opened at $171.11 on Friday. Alphabet Inc. has a twelve month low of $122.68 and a twelve month high of $191.75. The stock 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. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. The company has a 50-day simple moving average of $162.32 and a 200 day simple moving average of $168.79.

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, beating 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 return on equity of 30.49% and a net margin of 26.70%. During the same quarter last year, the company posted $1.55 EPS. Analysts predict that Alphabet Inc. will post 7.65 EPS for the current fiscal year.

Alphabet Dividend Announcement

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 given a $0.20 dividend. The ex-dividend date is Monday, December 9th. This represents a $0.80 annualized dividend and a yield of 0.47%. Alphabet’s dividend payout ratio is presently 12.27%.

Insider Activity

In related news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $160.44, for a total value of $109,420.08. Following the completion of the transaction, the chief accounting officer now owns 32,017 shares in the company, valued at $5,136,807.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $160.44, for a total value of $109,420.08. Following the completion of the transaction, the chief accounting officer now directly owns 32,017 shares in the company, valued at approximately $5,136,807.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $166.30, for a total transaction of $3,741,750.00. Following the transaction, the chief executive officer now directly owns 2,106,806 shares of the company’s stock, valued at $350,361,837.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 219,744 shares of company stock valued at $35,878,764. 11.55% of the stock is currently owned by corporate insiders.

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.