Alphabet Inc. (NASDAQ:GOOGL) Position Reduced by Integrity Wealth Solutions LLC

Integrity Wealth Solutions LLC decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 6.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,023 shares of the information services provider’s stock after selling 266 shares during the period. Integrity Wealth Solutions LLC’s holdings in Alphabet were worth $667,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in GOOGL. Evernest Financial Advisors LLC grew its position in Alphabet by 4.0% during the 3rd quarter. Evernest Financial Advisors LLC now owns 12,036 shares of the information services provider’s stock worth $1,996,000 after purchasing an additional 460 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Alphabet by 4.7% during the 3rd 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 in the last quarter. Stewardship Advisors LLC acquired a new stake in Alphabet in the third quarter valued at approximately $533,000. Northwest Investment Counselors LLC lifted its stake in shares of Alphabet by 0.8% in the 3rd quarter. Northwest Investment Counselors LLC now owns 17,742 shares of the information services provider’s stock valued at $2,943,000 after purchasing an additional 147 shares during the last quarter. Finally, Little House Capital LLC increased its holdings in shares of Alphabet by 15.9% during the 3rd quarter. Little House Capital LLC now owns 63,422 shares of the information services provider’s stock valued at $10,519,000 after acquiring an additional 8,706 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of a number of research analyst reports. Needham & Company LLC reissued a “buy” rating and set a $210.00 target price on shares of Alphabet in a research report on Wednesday. Wedbush reissued an “outperform” rating and issued a $205.00 price target on shares of Alphabet in a research report on Thursday, October 24th. Argus increased their target price on shares of Alphabet from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. JMP Securities lifted their price objective on Alphabet from $200.00 to $220.00 and gave the company a “market outperform” rating in a research report on Wednesday. Finally, Jefferies Financial Group increased their price objective on 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 assigned a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and an average target price of $205.51.

Insider Transactions at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $166.30, for a total transaction of $3,741,750.00. Following the completion of the transaction, the chief executive officer now owns 2,106,806 shares of the company’s stock, valued at approximately $350,361,837.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the company’s 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 sale, the chief accounting officer now owns 32,017 shares in the company, valued at approximately $5,136,807.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $166.30, for a total value of $3,741,750.00. Following the completion of the sale, the chief executive officer now owns 2,106,806 shares in the company, valued at $350,361,837.80. 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 valued at $35,878,764. 11.55% of the stock is owned by corporate insiders.

Alphabet Price Performance

NASDAQ:GOOGL opened at $171.11 on Friday. The firm has a fifty day simple moving average of $162.32 and a 200 day simple moving average of $168.79. Alphabet Inc. has a 1-year low of $122.68 and a 1-year high of $191.75. The stock has a market capitalization of $2.11 trillion, a PE ratio of 26.24, a P/E/G ratio of 1.27 and a beta of 1.04. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. The firm had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $72.85 billion. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. During the same period in the previous year, the business posted $1.55 earnings per share. On average, research analysts expect that Alphabet Inc. will post 7.65 EPS for the current fiscal year.

Alphabet Dividend Announcement

The firm 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 dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.47%. Alphabet’s payout ratio is presently 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.