Black Swift Group LLC Sells 180 Shares of Alphabet Inc. (NASDAQ:GOOG)

Black Swift Group LLC reduced its holdings in Alphabet Inc. (NASDAQ:GOOG) by 4.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,700 shares of the information services provider’s stock after selling 180 shares during the quarter. Black Swift Group LLC’s holdings in Alphabet were worth $619,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Metis Global Partners LLC raised its holdings in Alphabet by 1.4% during the 3rd quarter. Metis Global Partners LLC now owns 301,980 shares of the information services provider’s stock worth $50,488,000 after purchasing an additional 4,292 shares during the last quarter. Curi RMB Capital LLC boosted its position in shares of Alphabet by 5.3% in the 3rd quarter. Curi RMB Capital LLC now owns 353,738 shares of the information services provider’s stock worth $59,141,000 after purchasing an additional 17,824 shares during the last quarter. Bretton Capital Management LLC acquired a new stake in shares of Alphabet during the third quarter worth $9,530,000. Wealthstream Advisors Inc. lifted its stake in Alphabet by 2.4% in the third quarter. Wealthstream Advisors Inc. now owns 9,352 shares of the information services provider’s stock valued at $1,564,000 after buying an additional 220 shares during the period. Finally, Huntington National Bank boosted its holdings in Alphabet by 0.3% during the third quarter. Huntington National Bank now owns 233,305 shares of the information services provider’s stock worth $39,006,000 after buying an additional 762 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Phillip Securities raised shares of Alphabet to a “strong-buy” rating in a research note on Friday, November 1st. Cantor Fitzgerald raised Alphabet to a “hold” rating in a research note on Thursday, September 5th. Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Jefferies Financial Group lifted their price objective on Alphabet from $220.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Oppenheimer lifted their price target on shares of Alphabet from $185.00 to $215.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $200.56.

Insider Activity

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of Alphabet 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 transaction, the chief accounting officer now owns 32,017 shares of the company’s stock, valued at $5,136,807.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Amie Thuener O’toole sold 682 shares of the firm’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 sale, the chief accounting officer now owns 32,017 shares in the company, valued at $5,136,807.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $167.66, for a total transaction of $3,772,350.00. Following the sale, the chief executive officer now directly owns 2,159,885 shares in the company, valued at approximately $362,126,319.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 207,495 shares of company stock worth $34,586,641 over the last three months. 12.99% of the stock is currently owned by insiders.

Alphabet Trading Down 1.1 %

Shares of GOOG stock traded down $2.03 during mid-day trading on Thursday, hitting $178.46. The company’s stock had a trading volume of 1,590,804 shares, compared to its average volume of 19,495,057. The company has a market cap of $2.18 trillion, a PE ratio of 23.94, a P/E/G ratio of 1.29 and a beta of 1.04. Alphabet Inc. has a 52 week low of $129.40 and a 52 week high of $193.31. The company’s fifty day simple moving average is $166.20 and its 200-day simple moving average is $171.57. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The company had revenue of $88.27 billion for the quarter, compared to analysts’ expectations of $86.39 billion. During the same quarter in the prior year, the firm earned $1.55 EPS. The business’s revenue was up 15.1% on a year-over-year basis. As a group, equities research analysts expect that Alphabet Inc. will post 7.99 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders 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 0.45%. The ex-dividend date is Monday, December 9th. Alphabet’s dividend payout ratio (DPR) is 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.