Liberty Wealth Management LLC Has $1.53 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Liberty Wealth Management LLC decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 86.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,208 shares of the information services provider’s stock after selling 60,145 shares during the period. Liberty Wealth Management LLC’s holdings in Alphabet were worth $1,527,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Costello Asset Management INC grew its position in Alphabet by 0.9% during the third quarter. Costello Asset Management INC now owns 30,638 shares of the information services provider’s stock worth $5,081,000 after buying an additional 267 shares in the last quarter. Rocky Mountain Advisers LLC lifted its position in shares of Alphabet by 33.2% during the 3rd quarter. Rocky Mountain Advisers LLC now owns 3,210 shares of the information services provider’s stock valued at $532,000 after acquiring an additional 800 shares during the period. 17 Capital Partners LLC grew its holdings in shares of Alphabet by 4.2% during the 3rd quarter. 17 Capital Partners LLC now owns 19,985 shares of the information services provider’s stock worth $3,315,000 after purchasing an additional 800 shares in the last quarter. Mach 1 Financial Group LLC increased its position in shares of Alphabet by 12.7% in the third quarter. Mach 1 Financial Group LLC now owns 5,242 shares of the information services provider’s stock worth $869,000 after purchasing an additional 591 shares during the period. Finally, Mesirow Financial Investment Management Inc. raised its stake in Alphabet by 1.0% in the third quarter. Mesirow Financial Investment Management Inc. now owns 414,394 shares of the information services provider’s stock valued at $68,728,000 after purchasing an additional 4,035 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In other news, Director Kavitark Ram Shriram sold 10,500 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $180.78, for a total value of $1,898,190.00. Following the sale, the director now directly owns 330,466 shares of the company’s stock, valued at approximately $59,741,643.48. This represents a 3.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John Kent Walker sold 21,467 shares of the company’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 39,334 shares in the company, valued at approximately $6,307,206.90. The trade was a 35.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 206,795 shares of company stock worth $34,673,866 over the last three months. 11.55% of the stock is currently owned by insiders.

Alphabet Stock Down 1.7 %

Shares of NASDAQ:GOOGL opened at $164.76 on Friday. Alphabet Inc. has a 1 year low of $127.90 and a 1 year high of $191.75. 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 company has a market capitalization of $2.02 trillion, a price-to-earnings ratio of 21.85, a P/E/G ratio of 1.19 and a beta of 1.03. The business’s 50-day moving average is $167.64 and its 200-day moving average is $170.35.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping the consensus estimate of $1.83 by $0.29. The company had revenue of $88.27 billion during 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 previous year, the firm posted $1.55 earnings per share. Equities research analysts predict that Alphabet Inc. will post 8.01 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. Shareholders of record on Monday, December 9th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.49%. Alphabet’s dividend payout ratio (DPR) is presently 10.61%.

Analyst Ratings Changes

Several equities analysts have commented on GOOGL shares. China Renaissance raised shares of Alphabet from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Cantor Fitzgerald reissued a “neutral” rating and issued a $190.00 price objective on shares of Alphabet in a research note on Wednesday, October 30th. Morgan Stanley upped their target price on Alphabet from $190.00 to $205.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Pivotal Research lifted their price target on Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Seaport Res Ptn upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Seven research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and five have given a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus target price of $205.90.

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.