Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Financial Insights Inc.

Financial Insights Inc. reduced its position in Alphabet Inc. (NASDAQ:GOOGL) by 52.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 11,777 shares of the information services provider’s stock after selling 13,013 shares during the quarter. Financial Insights Inc.’s holdings in Alphabet were worth $1,953,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. AlphaMark Advisors LLC grew its stake in shares of Alphabet by 48.1% during the 1st quarter. AlphaMark Advisors LLC now owns 1,016 shares of the information services provider’s stock worth $153,000 after purchasing an additional 330 shares during the period. Steele Capital Management Inc. grew its stake in shares of Alphabet by 15.2% during the 1st quarter. Steele Capital Management Inc. now owns 3,429 shares of the information services provider’s stock worth $518,000 after purchasing an additional 453 shares during the period. Tributary Capital Management LLC acquired a new position in shares of Alphabet during the 1st quarter worth $30,000. Vaughan Nelson Investment Management L.P. grew its stake in shares of Alphabet by 7.7% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,900,118 shares of the information services provider’s stock worth $286,785,000 after purchasing an additional 135,696 shares during the period. Finally, Raub Brock Capital Management LP acquired a new position in shares of Alphabet during the 1st quarter worth $638,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $160.44, for a total value of $109,420.08. Following the sale, the chief accounting officer now directly owns 32,017 shares in the company, valued at approximately $5,136,807.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $162.35, for a total value of $3,652,875.00. Following the sale, the chief executive officer now directly owns 2,182,385 shares in the company, valued at approximately $354,310,204.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $160.44, for a total value of $109,420.08. Following the completion of the sale, the chief accounting officer now owns 32,017 shares in the company, valued at $5,136,807.48. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 230,244 shares of company stock worth $37,776,954 over the last ninety days. 11.55% of the stock is owned by insiders.

Alphabet Stock Performance

Shares of GOOGL opened at $171.29 on Friday. The business’s fifty day moving average price is $162.43 and its 200 day moving average price is $169.01. Alphabet Inc. has a 12-month low of $126.93 and a 12-month high of $191.75. The stock has a market capitalization of $2.11 trillion, a PE ratio of 22.72, a price-to-earnings-growth ratio of 1.23 and a beta of 1.03. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 2.08.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm had revenue of $88.27 billion for the quarter, compared to analysts’ expectations of $72.85 billion. During the same period last year, the business posted $1.55 earnings per share. Equities research analysts forecast that Alphabet Inc. will post 7.91 EPS for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors 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 yield of 0.47%. The ex-dividend date of this dividend is Monday, December 9th. Alphabet’s dividend payout ratio (DPR) is presently 10.61%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Mizuho increased their price objective on shares of Alphabet from $205.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Bank of America increased their price objective on shares of Alphabet from $206.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday. Guggenheim increased their price objective on shares of Alphabet from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. KeyCorp increased their price objective on shares of Alphabet from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, DA Davidson assumed coverage on shares of Alphabet in a research note on Tuesday, September 10th. They issued a “neutral” rating and a $170.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.