Crew Capital Management Ltd. Has $1.28 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

Crew Capital Management Ltd. reduced its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 30.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,728 shares of the information services provider’s stock after selling 3,332 shares during the quarter. Alphabet makes up approximately 1.0% of Crew Capital Management Ltd.’s holdings, making the stock its 18th largest holding. Crew Capital Management Ltd.’s holdings in Alphabet were worth $1,282,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in GOOGL. River Street Advisors LLC boosted its position in Alphabet by 9.0% in the 1st quarter. River Street Advisors LLC now owns 14,652 shares of the information services provider’s stock valued at $2,211,000 after buying an additional 1,208 shares during the last quarter. Richardson Capital Management LLC increased its stake in shares of Alphabet by 87.5% in the 1st quarter. Richardson Capital Management LLC now owns 300 shares of the information services provider’s stock valued at $45,000 after acquiring an additional 140 shares during the last quarter. Cornerstone Wealth Group LLC raised its position in shares of Alphabet by 60.5% in the 1st quarter. Cornerstone Wealth Group LLC now owns 62,799 shares of the information services provider’s stock valued at $9,478,000 after acquiring an additional 23,684 shares during the period. Avalon Capital Management increased its position in shares of Alphabet by 10.0% in the 1st quarter. Avalon Capital Management now owns 193,631 shares of the information services provider’s stock valued at $29,225,000 after buying an additional 17,540 shares in the last quarter. Finally, Gradient Capital Advisors LLC raised its position in shares of Alphabet by 1.4% during the first quarter. Gradient Capital Advisors LLC now owns 21,245 shares of the information services provider’s stock worth $3,207,000 after purchasing an additional 290 shares during the period. 40.03% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $166.30, for a total transaction of $3,741,750.00. Following the completion of the transaction, the chief executive officer now directly owns 2,106,806 shares of the company’s stock, valued at $350,361,837.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CAO Amie Thuener O’toole sold 2,835 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $151.53, for a total transaction of $429,587.55. Following the completion of the sale, the chief accounting officer now directly owns 29,182 shares in the company, valued at $4,421,948.46. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $166.30, for a total transaction of $3,741,750.00. Following the transaction, the chief executive officer now directly owns 2,106,806 shares of the company’s stock, valued at $350,361,837.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 219,744 shares of company stock worth $35,878,764 in the last ninety days. Company insiders own 11.55% of the company’s stock.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $171.11 on Friday. Alphabet Inc. has a twelve month low of $122.68 and a twelve month high of $191.75. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. The stock’s 50-day simple moving average is $162.32 and its 200 day simple moving average is $168.79. The firm has a market capitalization of $2.11 trillion, a PE ratio of 26.24, a price-to-earnings-growth ratio of 1.27 and a beta of 1.04.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.29. The company had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.85 billion. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. During the same period in the previous year, the firm posted $1.55 EPS. On average, analysts anticipate that Alphabet Inc. will post 7.65 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. Shareholders of record on Monday, December 9th will be issued 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 0.47%. Alphabet’s payout ratio is presently 12.27%.

Wall Street Analyst Weigh In

Several research firms recently commented on GOOGL. Royal Bank of Canada boosted their price objective on shares of Alphabet from $204.00 to $210.00 and gave the company an “outperform” rating in a research report on Wednesday. Morgan Stanley upped their price objective on Alphabet from $190.00 to $205.00 and gave the stock an “overweight” rating in a research report on Wednesday. The Goldman Sachs Group dropped their target price on Alphabet from $217.00 to $208.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Pivotal Research upped their price target on Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $181.00 price objective on shares of Alphabet in a report on Wednesday, July 24th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and an average target price of $205.51.

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.