Alphabet Inc. (NASDAQ:GOOG) Shares Sold by HS Management Partners LLC

HS Management Partners LLC lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 19.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 551,629 shares of the information services provider’s stock after selling 135,256 shares during the period. Alphabet accounts for about 5.9% of HS Management Partners LLC’s holdings, making the stock its 5th biggest holding. HS Management Partners LLC’s holdings in Alphabet were worth $92,227,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. China Universal Asset Management Co. Ltd. raised its stake in Alphabet by 360.1% in the first quarter. China Universal Asset Management Co. Ltd. now owns 20,249 shares of the information services provider’s stock valued at $3,083,000 after buying an additional 15,848 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Alphabet by 50.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,918,113 shares of the information services provider’s stock worth $596,572,000 after buying an additional 1,308,691 shares in the last quarter. Oak Ridge Investments LLC grew its position in Alphabet by 4.6% during the first quarter. Oak Ridge Investments LLC now owns 187,229 shares of the information services provider’s stock worth $28,508,000 after buying an additional 8,201 shares in the last quarter. TKG Advisors LLC grew its position in Alphabet by 12.3% during the first quarter. TKG Advisors LLC now owns 32,237 shares of the information services provider’s stock worth $4,908,000 after buying an additional 3,533 shares in the last quarter. Finally, Blue Trust Inc. grew its position in Alphabet by 9.9% during the first quarter. Blue Trust Inc. now owns 19,005 shares of the information services provider’s stock worth $2,894,000 after buying an additional 1,712 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Alphabet Stock Down 0.0 %

Shares of NASDAQ:GOOG opened at $172.65 on Monday. The firm has a market cap of $2.13 trillion, a P/E ratio of 22.90, a P/E/G ratio of 1.24 and a beta of 1.04. The company has a quick ratio of 2.08, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 12-month low of $128.11 and a 12-month high of $193.31. The business has a fifty day simple moving average of $163.81 and a 200 day simple moving average of $170.63.

Alphabet (NASDAQ:GOOG) last announced its earnings results 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. The business had revenue of $88.27 billion during the quarter, compared to analyst estimates of $86.39 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. Alphabet’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period last year, the company earned $1.55 EPS. Analysts predict that Alphabet Inc. will post 7.89 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend is Monday, December 9th. Alphabet’s dividend payout ratio is 10.61%.

Analyst Ratings Changes

GOOG has been the topic of a number of analyst reports. Wolfe Research raised Alphabet to a “strong-buy” rating in a research report on Tuesday, July 16th. Jefferies Financial Group increased their price target on Alphabet from $220.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. TD Cowen increased their price target on Alphabet from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Barclays raised their target price on Alphabet from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, Pivotal Research raised their target price on Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $200.56.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $160.44, for a total value of $109,420.08. Following the transaction, the chief accounting officer now directly owns 32,017 shares of the company’s stock, valued at $5,136,807.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $160.44, for a total transaction of $109,420.08. Following the transaction, the chief accounting officer now directly owns 32,017 shares of the company’s stock, valued at approximately $5,136,807.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction that occurred 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 transaction, 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 disclosure for this sale can be found here. Insiders have sold 230,244 shares of company stock valued at $37,776,954 in the last ninety days. 12.99% of the stock is owned by company insiders.

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.