Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by SYM FINANCIAL Corp

SYM FINANCIAL Corp decreased its position in Alphabet Inc. (NASDAQ:GOOGL) by 17.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,917 shares of the information services provider’s stock after selling 1,456 shares during the period. SYM FINANCIAL Corp’s holdings in Alphabet were worth $1,147,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in GOOGL. Sassicaia Capital Advisers LLC bought a new position in shares of Alphabet in the third quarter worth $315,000. Quantinno Capital Management LP lifted its holdings in Alphabet by 22.8% in the third quarter. Quantinno Capital Management LP now owns 639,077 shares of the information services provider’s stock worth $105,991,000 after purchasing an additional 118,857 shares during the period. Miller Investment Management LP grew its position in Alphabet by 17.2% in the 3rd quarter. Miller Investment Management LP now owns 87,093 shares of the information services provider’s stock valued at $14,444,000 after buying an additional 12,804 shares in the last quarter. Mission Creek Capital Partners Inc. increased its stake in Alphabet by 1.8% during the 3rd quarter. Mission Creek Capital Partners Inc. now owns 19,880 shares of the information services provider’s stock valued at $3,297,000 after buying an additional 342 shares during the period. Finally, IHT Wealth Management LLC raised its position in shares of Alphabet by 15.5% during the 3rd quarter. IHT Wealth Management LLC now owns 98,287 shares of the information services provider’s stock worth $16,327,000 after buying an additional 13,209 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 related news, Director John L. Hennessy sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $194.22, for a total value of $291,330.00. Following the transaction, the director now directly owns 23,324 shares of the company’s stock, valued at approximately $4,529,987.28. This trade represents a 6.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $168.84, for a total value of $230,804.28. Following the completion of the sale, the chief accounting officer now owns 29,183 shares of the company’s stock, valued at approximately $4,927,257.72. This trade represents a 4.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 198,623 shares of company stock worth $34,413,006 over the last three months. Corporate insiders own 11.55% of the company’s stock.

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $189.82 on Friday. Alphabet Inc. has a one year low of $129.68 and a one year high of $195.61. The business’s 50-day moving average price is $171.63 and its two-hundred day moving average price is $170.67. 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 $2.32 trillion, a P/E ratio of 25.18, a price-to-earnings-growth ratio of 1.39 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.29. The firm had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same quarter last year, the firm earned $1.55 earnings per share. Analysts anticipate that Alphabet Inc. will post 8.01 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced 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. This represents a $0.80 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend is Monday, December 9th. Alphabet’s payout ratio is 10.61%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Scotiabank upgraded shares of Alphabet to a “strong-buy” rating in a report on Friday, October 11th. Seaport Res Ptn upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Pivotal Research boosted their price objective on Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Roth Mkm raised their target price on Alphabet from $206.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Tigress Financial boosted their price target on shares of Alphabet from $210.00 to $220.00 and gave the stock a “strong-buy” rating in a research report on Thursday, September 26th. Seven investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and five have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $206.08.

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.