Alphabet Inc. (NASDAQ:GOOGL) Holdings Decreased by Mayflower Financial Advisors LLC

Mayflower Financial Advisors LLC cut its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 38,627 shares of the information services provider’s stock after selling 338 shares during the period. Alphabet accounts for 1.0% of Mayflower Financial Advisors LLC’s investment portfolio, making the stock its 20th biggest position. Mayflower Financial Advisors LLC’s holdings in Alphabet were worth $6,406,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in GOOGL. Legacy Capital Wealth Partners LLC grew its position in Alphabet by 26.7% in the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 8,304 shares of the information services provider’s stock worth $1,377,000 after purchasing an additional 1,749 shares during the last quarter. Guerra Pan Advisors LLC grew its holdings in Alphabet by 4.0% in the 3rd quarter. Guerra Pan Advisors LLC now owns 28,262 shares of the information services provider’s stock worth $4,687,000 after buying an additional 1,084 shares in the last quarter. Eagle Bluffs Wealth Management LLC grew its holdings in Alphabet by 1.4% in the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 19,844 shares of the information services provider’s stock worth $3,291,000 after buying an additional 274 shares in the last quarter. Costello Asset Management INC increased its position in Alphabet by 0.9% in the 3rd quarter. Costello Asset Management INC now owns 30,638 shares of the information services provider’s stock valued at $5,081,000 after acquiring an additional 267 shares during the period. Finally, Rocky Mountain Advisers LLC raised its stake in Alphabet by 33.2% during the 3rd quarter. Rocky Mountain Advisers LLC now owns 3,210 shares of the information services provider’s stock valued at $532,000 after acquiring an additional 800 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $160.44, for a total transaction of $109,420.08. Following the completion of the transaction, the chief accounting officer now owns 32,017 shares in the company, valued at $5,136,807.48. The trade was a 2.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Frances Arnold sold 441 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $171.06, for a total transaction of $75,437.46. Following the completion of the sale, the director now owns 16,490 shares of the company’s stock, valued at approximately $2,820,779.40. This trade represents a 2.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 206,795 shares of company stock valued at $34,673,866. Company insiders own 11.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. JMP Securities upped their price objective on shares of Alphabet from $200.00 to $220.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 30th. Evercore ISI upped their price target on shares of Alphabet from $200.00 to $205.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Seaport Res Ptn upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Loop Capital boosted their target price on Alphabet from $170.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price target on shares of Alphabet in a research note on Wednesday, October 30th. 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.90.

Alphabet Trading Down 1.7 %

Shares of GOOGL stock opened at $164.76 on Monday. The company has a market cap of $2.02 trillion, a PE ratio of 21.85, a price-to-earnings-growth ratio of 1.19 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 1.95. The stock’s 50 day simple moving average is $167.64 and its two-hundred day simple moving average is $170.36. Alphabet Inc. has a 1 year low of $127.90 and a 1 year high of $191.75.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. The firm had revenue of $88.27 billion for the quarter, compared to analysts’ expectations of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same quarter in the prior year, the firm posted $1.55 earnings per share. Research analysts predict that Alphabet Inc. will post 8.01 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be issued a $0.20 dividend. The ex-dividend date is Monday, December 9th. This represents a $0.80 annualized dividend and a dividend yield of 0.49%. Alphabet’s dividend payout ratio is currently 10.61%.

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.