Collective Family Office LLC Sells 660 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Collective Family Office LLC reduced its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 5.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,398 shares of the information services provider’s stock after selling 660 shares during the quarter. Collective Family Office LLC’s holdings in Alphabet were worth $1,890,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in GOOGL. Central Valley Advisors LLC raised its position in shares of Alphabet by 4.4% in the third quarter. Central Valley Advisors LLC now owns 19,110 shares of the information services provider’s stock valued at $3,170,000 after purchasing an additional 808 shares during the period. Eclectic Associates Inc. ADV lifted its holdings in Alphabet by 16.2% during the 3rd quarter. Eclectic Associates Inc. ADV now owns 1,539 shares of the information services provider’s stock worth $255,000 after purchasing an additional 215 shares during the last quarter. Eldred Rock Partners LLC boosted its stake in Alphabet by 4.8% in the 3rd quarter. Eldred Rock Partners LLC now owns 87,170 shares of the information services provider’s stock valued at $14,457,000 after purchasing an additional 3,986 shares during the period. Seneca House Advisors grew its holdings in Alphabet by 0.7% in the 3rd quarter. Seneca House Advisors now owns 65,408 shares of the information services provider’s stock valued at $10,848,000 after buying an additional 469 shares in the last quarter. Finally, Goelzer Investment Management Inc. increased its position in Alphabet by 1.7% during the 3rd quarter. Goelzer Investment Management Inc. now owns 6,528 shares of the information services provider’s stock worth $1,083,000 after buying an additional 110 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $167.07, for a total transaction of $3,759,075.00. Following the transaction, the chief executive officer now owns 2,129,306 shares in the company, valued at $355,743,153.42. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $167.07, for a total transaction of $3,759,075.00. Following the transaction, the chief executive officer now owns 2,129,306 shares in the company, valued at approximately $355,743,153.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Prabhakar Raghavan sold 34,257 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $162.60, for a total value of $5,570,188.20. Following the completion of the sale, the senior vice president now owns 312,210 shares of the company’s stock, valued at approximately $50,765,346. This represents 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 216,092 shares of company stock worth $35,644,136. Corporate insiders own 11.55% of the company’s stock.

Alphabet Stock Up 1.1 %

Shares of NASDAQ GOOGL opened at $164.96 on Tuesday. Alphabet Inc. has a 52-week low of $120.21 and a 52-week high of $191.75. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08. The company’s 50 day moving average price is $161.49 and its 200-day moving average price is $167.96. The company has a market capitalization of $2.04 trillion, a P/E ratio of 25.30, a price-to-earnings-growth ratio of 1.21 and a beta of 1.04.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Tuesday, July 23rd. The information services provider reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.04. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The business had revenue of $84.74 billion for the quarter, compared to analysts’ expectations of $70.60 billion. During the same quarter in the prior year, the firm posted $1.44 earnings per share. Equities analysts forecast that Alphabet Inc. will post 7.64 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 9th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend was Monday, September 9th. Alphabet’s dividend payout ratio (DPR) is presently 12.27%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Roth Mkm restated a “buy” rating and issued a $206.00 price target on shares of Alphabet in a research note on Thursday, August 29th. Scotiabank raised shares of Alphabet to a “strong-buy” rating in a report on Friday. Royal Bank of Canada boosted their price target on Alphabet from $200.00 to $204.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. TD Securities raised their price objective on Alphabet from $200.00 to $220.00 in a research note on Wednesday, July 10th. Finally, UBS Group raised their price target on Alphabet from $200.00 to $204.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Eight equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $201.13.

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.