Integrity Alliance LLC. Trims Position in Alphabet Inc. $GOOGL

Integrity Alliance LLC. trimmed its stake in Alphabet Inc. (NASDAQ:GOOGL) by 30.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,049 shares of the information services provider’s stock after selling 30,649 shares during the period. Integrity Alliance LLC.’s holdings in Alphabet were worth $12,521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC increased its position in Alphabet by 3.9% during the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock valued at $20,886,000 after purchasing an additional 4,110 shares during the period. Revolve Wealth Partners LLC lifted its position in shares of Alphabet by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock worth $2,826,000 after purchasing an additional 506 shares during the period. Smart Money Group LLC boosted its stake in shares of Alphabet by 9.4% during the first quarter. Smart Money Group LLC now owns 6,181 shares of the information services provider’s stock valued at $956,000 after purchasing an additional 532 shares in the last quarter. TradeWell Securities LLC. purchased a new position in Alphabet during the first quarter valued at approximately $254,000. Finally, Silphium Asset Management Ltd increased its holdings in Alphabet by 20.2% during the first quarter. Silphium Asset Management Ltd now owns 21,950 shares of the information services provider’s stock valued at $3,394,000 after buying an additional 3,696 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Alphabet news, insider John Kent Walker sold 17,816 shares of Alphabet stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $247.42, for a total transaction of $4,408,034.72. Following the completion of the sale, the insider owned 42,985 shares of the company’s stock, valued at approximately $10,635,348.70. The trade was a 29.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 2,778 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $245.00, for a total value of $680,610.00. Following the completion of the transaction, the chief accounting officer directly owned 17,293 shares in the company, valued at $4,236,785. This represents a 13.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 221,796 shares of company stock worth $53,983,001 in the last 90 days. Insiders own 11.55% of the company’s stock.

Alphabet Stock Performance

GOOGL opened at $286.71 on Thursday. The company has a market cap of $3.46 trillion, a P/E ratio of 28.28, a price-to-earnings-growth ratio of 1.86 and a beta of 1.05. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. The firm’s 50-day moving average price is $255.49 and its 200-day moving average price is $207.29. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $292.01.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.58. Alphabet had a net margin of 32.23% and a return on equity of 36.08%. The company had revenue of $102.35 billion for the quarter, compared to the consensus estimate of $99.90 billion. As a group, equities analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 8th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, December 8th. Alphabet’s dividend payout ratio is presently 8.28%.

Analyst Ratings Changes

GOOGL has been the subject of a number of analyst reports. DA Davidson upped their target price on Alphabet from $190.00 to $300.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. China Renaissance upped their price objective on Alphabet from $207.00 to $330.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Citigroup reiterated a “buy” rating and issued a $343.00 target price (up previously from $280.00) on shares of Alphabet in a research note on Thursday, October 30th. BMO Capital Markets set a $294.00 price target on shares of Alphabet and gave the company an “outperform” rating in a research report on Thursday, October 9th. Finally, Hsbc Global Res upgraded shares of Alphabet to a “strong-buy” rating in a report on Tuesday, October 7th. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $304.10.

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.