Middleton & Co. Inc. MA Sells 235 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Middleton & Co. Inc. MA trimmed its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 0.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 240,171 shares of the information services provider’s stock after selling 235 shares during the quarter. Alphabet comprises about 4.4% of Middleton & Co. Inc. MA’s portfolio, making the stock its 3rd biggest position. Middleton & Co. Inc. MA’s holdings in Alphabet were worth $39,832,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Parcion Private Wealth LLC lifted its stake in shares of Alphabet by 5.5% in the 3rd quarter. Parcion Private Wealth LLC now owns 24,112 shares of the information services provider’s stock valued at $3,999,000 after purchasing an additional 1,267 shares during the period. Lyell Wealth Management LP raised its stake in Alphabet by 1.2% during the 3rd quarter. Lyell Wealth Management LP now owns 140,285 shares of the information services provider’s stock worth $23,266,000 after buying an additional 1,612 shares during the period. Mayfair Advisory Group LLC raised its stake in Alphabet by 11.4% during the 3rd quarter. Mayfair Advisory Group LLC now owns 2,843 shares of the information services provider’s stock worth $475,000 after buying an additional 290 shares during the period. Convergence Financial LLC raised its stake in Alphabet by 3.9% during the 3rd quarter. Convergence Financial LLC now owns 26,664 shares of the information services provider’s stock worth $4,422,000 after buying an additional 1,000 shares during the period. Finally, Country Club Bank raised its stake in Alphabet by 6.6% during the 3rd quarter. Country Club Bank now owns 25,941 shares of the information services provider’s stock worth $4,253,000 after buying an additional 1,602 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Alphabet

In related news, Director Kavitark Ram Shriram sold 10,500 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $180.78, for a total value of $1,898,190.00. Following the transaction, the director now owns 330,466 shares of the company’s stock, valued at $59,741,643.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Kavitark Ram Shriram sold 10,500 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $180.78, for a total value of $1,898,190.00. Following the transaction, the director now owns 330,466 shares of the company’s stock, valued at $59,741,643.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $177.36, for a total value of $3,990,600.00. Following the transaction, the chief executive officer now directly owns 2,084,306 shares in the company, valued at $369,672,512.16. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 232,052 shares of company stock valued at $38,424,448 over the last 90 days. 11.55% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Guggenheim upped their price target on Alphabet from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. China Renaissance raised Alphabet from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Morgan Stanley boosted their price objective on Alphabet from $190.00 to $205.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. BMO Capital Markets reissued an “outperform” rating and set a $217.00 price objective (up from $215.00) on shares of Alphabet in a report on Wednesday, October 30th. Finally, Citigroup boosted their price objective on Alphabet from $190.00 to $212.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Seven investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and five have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $205.90.

Alphabet Trading Up 4.0 %

Shares of GOOGL stock opened at $176.51 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. Alphabet Inc. has a 52-week low of $127.90 and a 52-week high of $191.75. The company has a market capitalization of $2.17 trillion, a PE ratio of 23.41, a price-to-earnings-growth ratio of 1.20 and a beta of 1.03. The business’s fifty day moving average is $162.86 and its 200 day moving average is $169.36.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The company had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $72.85 billion. During the same quarter last year, the business posted $1.55 earnings per share. On average, equities research analysts anticipate that Alphabet Inc. will post 7.99 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors 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 0.45%. Alphabet’s dividend payout ratio 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.