Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Aberdeen Wealth Management LLC

Aberdeen Wealth Management LLC trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 19.8% in the third quarter, Holdings Channel reports. The firm owned 15,355 shares of the information services provider’s stock after selling 3,780 shares during the period. Alphabet comprises 1.7% of Aberdeen Wealth Management LLC’s investment portfolio, making the stock its 11th largest holding. Aberdeen Wealth Management LLC’s holdings in Alphabet were worth $2,547,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Alphabet during the third quarter worth approximately $513,024,000. LGT Capital Partners LTD. increased its position in Alphabet by 1.8% during the third quarter. LGT Capital Partners LTD. now owns 1,363,633 shares of the information services provider’s stock worth $226,159,000 after purchasing an additional 23,998 shares during the last quarter. First City Capital Management Inc. lifted its holdings in shares of Alphabet by 7.7% during the 3rd quarter. First City Capital Management Inc. now owns 6,643 shares of the information services provider’s stock valued at $1,102,000 after acquiring an additional 473 shares in the last quarter. Princeton Capital Management LLC increased its stake in Alphabet by 2.5% during the 3rd quarter. Princeton Capital Management LLC now owns 96,294 shares of the information services provider’s stock worth $15,970,000 after buying an additional 2,358 shares during the period. Finally, Fifth Third Wealth Advisors LLC lifted its position in shares of Alphabet by 23.8% during the third quarter. Fifth Third Wealth Advisors LLC now owns 163,970 shares of the information services provider’s stock worth $27,194,000 after purchasing an additional 31,482 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $170.41, for a total transaction of $232,950.47. Following the transaction, the chief accounting officer now owns 23,515 shares in the company, valued at $4,007,191.15. The trade was a 5.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $160.63, for a total value of $3,614,175.00. Following the completion of the transaction, the chief executive officer now owns 2,114,885 shares of the company’s stock, valued at approximately $339,713,977.55. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 163,624 shares of company stock worth $27,803,730. Company insiders own 11.55% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on GOOGL shares. Piper Sandler reaffirmed an “overweight” rating and set a $210.00 target price (up previously from $200.00) on shares of Alphabet in a research note on Wednesday, October 30th. Morgan Stanley boosted their price objective on Alphabet from $190.00 to $205.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Wells Fargo & Company increased their price objective on Alphabet from $182.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. JMP Securities raised their target price on Alphabet from $200.00 to $220.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Finally, Wedbush reiterated an “outperform” rating and set a $205.00 target price on shares of Alphabet in a research report on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and five have issued a strong buy rating to the company. According to data from MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and an average target price of $205.90.

Alphabet Trading Down 0.1 %

Shares of GOOGL stock opened at $171.34 on Wednesday. The stock has a market capitalization of $2.10 trillion, a price-to-earnings ratio of 22.72, a PEG ratio of 1.22 and a beta of 1.01. The company’s fifty day simple moving average is $168.84 and its two-hundred day simple moving average is $170.26. 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.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The company had revenue of $88.27 billion for the quarter, compared to analysts’ expectations of $72.85 billion. During the same period in the prior year, the business earned $1.55 earnings per share. As a group, analysts anticipate that Alphabet Inc. will post 8.01 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.47%. The ex-dividend date is Monday, December 9th. Alphabet’s dividend payout ratio (DPR) is 10.61%.

About Alphabet

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.