Tradewinds LLC. Lowers Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Tradewinds LLC. lowered its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 12.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,185 shares of the information services provider’s stock after selling 2,266 shares during the period. Tradewinds LLC.’s holdings in Alphabet were worth $2,684,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Trinity Street Asset Management LLP grew its position in Alphabet by 0.9% during the second quarter. Trinity Street Asset Management LLP now owns 210,499 shares of the information services provider’s stock valued at $38,342,000 after acquiring an additional 1,842 shares during the period. Institutional & Family Asset Management LLC boosted its position in shares of Alphabet by 49.6% in the second quarter. Institutional & Family Asset Management LLC now owns 1,765 shares of the information services provider’s stock worth $322,000 after buying an additional 585 shares during the period. HBW Advisory Services LLC boosted its position in shares of Alphabet by 6.6% in the second quarter. HBW Advisory Services LLC now owns 32,751 shares of the information services provider’s stock worth $5,966,000 after buying an additional 2,041 shares during the period. Stokes Family Office LLC boosted its position in shares of Alphabet by 2.7% in the second quarter. Stokes Family Office LLC now owns 28,165 shares of the information services provider’s stock worth $5,130,000 after buying an additional 750 shares during the period. Finally, 25 LLC purchased a new stake in shares of Alphabet in the second quarter worth about $236,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 2,835 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $151.53, for a total value of $429,587.55. Following the completion of the sale, the chief accounting officer now owns 29,182 shares of the company’s stock, valued at $4,421,948.46. This trade represents a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Frances Arnold sold 441 shares of Alphabet stock in a transaction on Monday, November 4th. The shares were sold at an average price of $171.06, for a total value of $75,437.46. Following the sale, the director now directly owns 16,490 shares of the company’s stock, valued at approximately $2,820,779.40. The trade was a 2.60 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 163,624 shares of company stock worth $27,803,730. 11.55% of the stock is owned by company insiders.

Alphabet Stock Down 1.0 %

Shares of GOOGL stock opened at $172.64 on Friday. Alphabet Inc. has a 1 year low of $129.68 and a 1 year high of $191.75. The stock has a market cap of $2.11 trillion, a PE ratio of 22.90, a price-to-earnings-growth ratio of 1.21 and a beta of 1.01. The business’s fifty day moving average is $169.30 and its 200-day moving average is $170.31. 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:GOOGL) last issued its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating 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 company had revenue of $88.27 billion for the quarter, compared to analysts’ expectations of $72.85 billion. During the same period last year, the firm earned $1.55 EPS. Equities analysts expect that Alphabet Inc. will post 8.01 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend is Monday, December 9th. Alphabet’s dividend payout ratio (DPR) is presently 10.61%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wedbush reaffirmed an “outperform” rating and issued a $205.00 target price on shares of Alphabet in a research report on Thursday, October 24th. Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 target price on shares of Alphabet in a research report on Wednesday, October 30th. Wells Fargo & Company boosted their price target on Alphabet from $182.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Roth Mkm boosted their price target on Alphabet from $206.00 to $212.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $190.00 price target on shares of Alphabet in a research note on Wednesday, October 30th. Seven analysts have rated the stock with a hold rating, thirty-one have given a buy rating and five have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $205.90.

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.