Hiley Hunt Wealth Management Sells 141 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Hiley Hunt Wealth Management cut its stake in Alphabet Inc. (NASDAQ:GOOGL) by 9.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,347 shares of the information services provider’s stock after selling 141 shares during the quarter. Hiley Hunt Wealth Management’s holdings in Alphabet were worth $223,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in GOOGL. Brass Tax Wealth Management Inc. boosted its holdings in shares of Alphabet by 1.5% in the third quarter. Brass Tax Wealth Management Inc. now owns 8,625 shares of the information services provider’s stock worth $1,431,000 after buying an additional 128 shares during the last quarter. Legacy Wealth Management LLC MS boosted its holdings in shares of Alphabet by 12.1% in the third quarter. Legacy Wealth Management LLC MS now owns 47,077 shares of the information services provider’s stock worth $7,808,000 after buying an additional 5,091 shares during the last quarter. Alternative Investment Advisors LLC. boosted its holdings in shares of Alphabet by 3.4% in the third quarter. Alternative Investment Advisors LLC. now owns 11,063 shares of the information services provider’s stock worth $1,835,000 after buying an additional 360 shares during the last quarter. DGS Capital Management LLC boosted its holdings in shares of Alphabet by 8.7% in the third quarter. DGS Capital Management LLC now owns 17,621 shares of the information services provider’s stock worth $2,922,000 after buying an additional 1,414 shares during the last quarter. Finally, Garden State Investment Advisory Services LLC boosted its holdings in shares of Alphabet by 24.3% in the third quarter. Garden State Investment Advisory Services LLC now owns 12,936 shares of the information services provider’s stock worth $2,146,000 after buying an additional 2,532 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director John L. Hennessy sold 700 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $165.00, for a total value of $115,500.00. Following the completion of the sale, the director now directly owns 27,824 shares of the company’s stock, valued at $4,590,960. This represents a 2.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $167.07, for a total transaction of $3,759,075.00. Following the completion of the sale, the chief executive officer now directly owns 2,129,306 shares of the company’s stock, valued at approximately $355,743,153.42. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 178,957 shares of company stock valued at $31,358,687. 11.55% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on GOOGL shares. Tigress Financial lifted their price target on shares of Alphabet from $210.00 to $220.00 and gave the company a “strong-buy” rating in a report on Thursday, September 26th. Wedbush reaffirmed an “outperform” rating and set a $205.00 price target on shares of Alphabet in a report on Thursday, October 24th. Robert W. Baird reaffirmed an “outperform” rating and set a $205.00 price target on shares of Alphabet in a report on Tuesday, December 10th. Pivotal Research lifted their price target on shares of Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $190.00 price target on shares of Alphabet in a report on Wednesday, October 30th. Seven research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $206.69.

Alphabet Trading Up 1.5 %

GOOGL stock opened at $191.41 on Friday. The stock has a market capitalization of $2.34 trillion, a price-to-earnings ratio of 25.39, a price-to-earnings-growth ratio of 1.39 and a beta of 1.01. Alphabet Inc. has a twelve month low of $130.66 and a twelve month high of $201.42. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The firm’s fifty day simple moving average is $174.55 and its two-hundred day simple moving average is $171.33.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. The firm had revenue of $88.27 billion during 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 period in the previous year, the firm 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 business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date was Monday, December 9th. Alphabet’s dividend payout ratio is currently 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.