Valued Wealth Advisors LLC Lowers Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Valued Wealth Advisors LLC lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 12.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 964 shares of the information services provider’s stock after selling 140 shares during the quarter. Valued Wealth Advisors LLC’s holdings in Alphabet were worth $160,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. China Universal Asset Management Co. Ltd. grew its position in Alphabet by 70.6% during the first quarter. China Universal Asset Management Co. Ltd. now owns 101,230 shares of the information services provider’s stock valued at $15,279,000 after acquiring an additional 41,880 shares during the period. Quent Capital LLC increased its position in Alphabet by 3.6% during the 1st quarter. Quent Capital LLC now owns 31,171 shares of the information services provider’s stock worth $4,705,000 after purchasing an additional 1,072 shares in the last quarter. CV Advisors LLC raised its holdings in Alphabet by 37.4% in the first quarter. CV Advisors LLC now owns 50,829 shares of the information services provider’s stock valued at $7,672,000 after buying an additional 13,833 shares during the period. Embree Financial Group lifted its position in Alphabet by 3.0% during the first quarter. Embree Financial Group now owns 66,561 shares of the information services provider’s stock valued at $10,046,000 after buying an additional 1,925 shares in the last quarter. Finally, Signaturefd LLC grew its stake in Alphabet by 3.6% during the first quarter. Signaturefd LLC now owns 207,795 shares of the information services provider’s stock worth $31,362,000 after buying an additional 7,179 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Trading Down 1.5 %

Shares of NASDAQ:GOOGL opened at $178.88 on Thursday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The company’s 50-day moving average price is $164.37 and its 200 day moving average price is $169.98. The company has a market cap of $2.19 trillion, a PE ratio of 23.72, a P/E/G ratio of 1.29 and a beta of 1.03. Alphabet Inc. has a fifty-two week low of $127.90 and a fifty-two week high of $191.75.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating 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 analysts’ expectations of $72.85 billion. During the same quarter in the previous year, the company posted $1.55 earnings per share. Sell-side analysts anticipate that Alphabet Inc. will post 7.99 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently declared 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 yield of 0.45%. Alphabet’s dividend payout ratio (DPR) is presently 10.61%.

Insider Activity

In related news, Director John L. Hennessy sold 700 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $165.00, for a total value of $115,500.00. Following the completion of the sale, the director now owns 29,324 shares of the company’s stock, valued at $4,838,460. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Kavitark Ram Shriram sold 10,500 shares of Alphabet stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $177.41, for a total transaction of $1,862,805.00. Following the transaction, the director now directly owns 319,966 shares in the company, valued at approximately $56,765,168.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John L. Hennessy sold 700 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $165.00, for a total value of $115,500.00. Following the completion of the sale, the director now owns 29,324 shares of the company’s stock, valued at approximately $4,838,460. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 207,495 shares of company stock valued at $34,586,641. Company insiders own 11.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on GOOGL shares. Wedbush reiterated an “outperform” rating and issued a $205.00 price target on shares of Alphabet in a report on Thursday, October 24th. Sanford C. Bernstein increased their target price on Alphabet from $180.00 to $185.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Evercore ISI boosted their price target on Alphabet from $200.00 to $205.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $181.00 price objective on shares of Alphabet in a research report on Wednesday, July 24th. Finally, Needham & Company LLC reissued a “buy” rating and set a $210.00 target price on shares of Alphabet in a research report on Wednesday, October 30th. Seven investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and five have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.