Integrity Wealth Solutions LLC Sells 1,011 Shares of Alphabet Inc. $GOOGL

Integrity Wealth Solutions LLC decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 20.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,960 shares of the information services provider’s stock after selling 1,011 shares during the quarter. Integrity Wealth Solutions LLC’s holdings in Alphabet were worth $698,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Dillon & Associates Inc. increased its stake in shares of Alphabet by 1.0% in the 2nd quarter. Dillon & Associates Inc. now owns 195,272 shares of the information services provider’s stock valued at $34,368,000 after buying an additional 1,988 shares during the period. Oakwell Private Wealth Management LLC boosted its holdings in Alphabet by 11.7% in the second quarter. Oakwell Private Wealth Management LLC now owns 8,367 shares of the information services provider’s stock valued at $1,475,000 after acquiring an additional 879 shares during the last quarter. Cassaday & Co Wealth Management LLC increased its position in Alphabet by 0.6% in the second quarter. Cassaday & Co Wealth Management LLC now owns 24,055 shares of the information services provider’s stock worth $4,239,000 after purchasing an additional 151 shares during the period. Lord & Richards Wealth Management LLC raised its holdings in Alphabet by 38.2% during the 2nd quarter. Lord & Richards Wealth Management LLC now owns 5,099 shares of the information services provider’s stock worth $899,000 after purchasing an additional 1,410 shares during the last quarter. Finally, J. W. Coons Advisors LLC lifted its position in Alphabet by 28.7% during the 2nd quarter. J. W. Coons Advisors LLC now owns 44,598 shares of the information services provider’s stock valued at $7,860,000 after purchasing an additional 9,940 shares during the period. 40.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GOOGL. Weiss Ratings reiterated a “buy (b)” rating on shares of Alphabet in a research report on Wednesday, October 8th. BNP Paribas Exane raised their price objective on shares of Alphabet from $247.00 to $281.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Deutsche Bank Aktiengesellschaft upped their target price on shares of Alphabet from $260.00 to $340.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Mizuho set a $325.00 price target on Alphabet in a research note on Thursday, October 30th. Finally, New Street Research lifted their price objective on Alphabet from $275.00 to $295.00 in a research note on Friday, October 24th. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and an average target price of $304.10.

Alphabet Price Performance

GOOGL opened at $276.41 on Monday. The stock has a market cap of $3.34 trillion, a P/E ratio of 27.26, a P/E/G ratio of 1.86 and a beta of 1.05. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $292.01. 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 company has a fifty day simple moving average of $257.24 and a 200 day simple moving average of $209.28.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.58. Alphabet had a return on equity of 36.08% and a net margin of 32.23%.The firm had revenue of $102.35 billion during the quarter, compared to analysts’ expectations of $99.90 billion. On average, research analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Monday, December 8th. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. Alphabet’s payout ratio is currently 8.28%.

Insider Buying and Selling at Alphabet

In other Alphabet news, insider John Kent Walker sold 17,816 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $247.42, for a total transaction of $4,408,034.72. Following the sale, the insider directly owned 42,985 shares in the company, valued at approximately $10,635,348.70. This trade represents a 29.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Frances Arnold sold 112 shares of Alphabet stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $291.80, for a total transaction of $32,681.60. Following the completion of the transaction, the director directly owned 18,004 shares in the company, valued at approximately $5,253,567.20. The trade was a 0.62% decrease in their position. 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 quarter. Company insiders own 11.64% of the company’s stock.

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.