PFS Partners LLC Has $193,000 Holdings in Alphabet Inc. (NASDAQ:GOOGL)

PFS Partners LLC decreased its position in Alphabet Inc. (NASDAQ:GOOGL) by 15.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,166 shares of the information services provider’s stock after selling 220 shares during the period. PFS Partners LLC’s holdings in Alphabet were worth $193,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of GOOGL. Rather & Kittrell Inc. acquired a new stake in shares of Alphabet during the 3rd quarter worth approximately $389,000. 5th Street Advisors LLC bought a new position in Alphabet during the third quarter worth $697,000. Klingman & Associates LLC grew its holdings in Alphabet by 14.3% in the third quarter. Klingman & Associates LLC now owns 17,797 shares of the information services provider’s stock worth $2,952,000 after purchasing an additional 2,220 shares during the period. Thomas Story & Son LLC increased its stake in Alphabet by 2.8% in the third quarter. Thomas Story & Son LLC now owns 38,371 shares of the information services provider’s stock valued at $6,364,000 after purchasing an additional 1,055 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in shares of Alphabet by 3.8% during the third quarter. Assetmark Inc. now owns 2,228,026 shares of the information services provider’s stock valued at $369,518,000 after purchasing an additional 80,856 shares during the period. Institutional investors own 40.03% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on GOOGL. Loop Capital boosted their target price on Alphabet from $170.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Pivotal Research boosted their price objective on Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Royal Bank of Canada increased their target price on Alphabet from $204.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. JMP Securities boosted their price target on shares of Alphabet from $200.00 to $220.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Finally, Phillip Securities upgraded shares of Alphabet to a “strong-buy” rating in a report on Friday, November 1st. Seven research 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $205.90.

Insider Activity at Alphabet

In other news, insider John Kent Walker sold 21,467 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $160.35, for a total transaction of $3,442,233.45. Following the sale, the insider now directly owns 39,334 shares in the company, valued at $6,307,206.90. This represents a 35.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director John L. Hennessy sold 800 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $153.75, for a total transaction of $123,000.00. Following the completion of the transaction, the director now owns 28,524 shares of the company’s stock, valued at $4,385,565. This trade represents a 2.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 206,795 shares of company stock worth $34,673,866. Corporate insiders own 11.55% of the company’s stock.

Alphabet Stock Down 1.7 %

Shares of NASDAQ GOOGL opened at $164.76 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The stock has a market capitalization of $2.02 trillion, a PE ratio of 21.85, a P/E/G ratio of 1.27 and a beta of 1.03. Alphabet Inc. has a one year low of $127.90 and a one year high of $191.75. The business’s fifty day moving average price is $167.64 and its 200-day moving average price is $170.36.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating the consensus estimate 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 net margin of 27.74% and a return on equity of 31.66%. During the same period in the prior year, the firm earned $1.55 earnings per share. On average, equities research analysts anticipate that Alphabet Inc. will post 7.99 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.49%. The ex-dividend date is Monday, December 9th. Alphabet’s dividend payout ratio (DPR) is presently 10.61%.

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.