Hantz Financial Services Inc. Sells 66,943 Shares of Alphabet Inc. (NASDAQ:GOOG)

Hantz Financial Services Inc. decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 19.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 272,104 shares of the information services provider’s stock after selling 66,943 shares during the period. Alphabet accounts for about 0.8% of Hantz Financial Services Inc.’s portfolio, making the stock its 21st largest position. Hantz Financial Services Inc.’s holdings in Alphabet were worth $45,493,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Northwest & Ethical Investments L.P. increased its holdings in shares of Alphabet by 11.2% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 339,330 shares of the information services provider’s stock valued at $56,733,000 after acquiring an additional 34,195 shares during the period. Vinva Investment Management Ltd boosted its position in Alphabet by 15.5% during the third quarter. Vinva Investment Management Ltd now owns 255,989 shares of the information services provider’s stock valued at $42,312,000 after purchasing an additional 34,378 shares in the last quarter. Elite Wealth Management Inc. grew its stake in Alphabet by 3.4% in the third quarter. Elite Wealth Management Inc. now owns 48,204 shares of the information services provider’s stock valued at $8,059,000 after purchasing an additional 1,595 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Alphabet by 10.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 33,334,082 shares of the information services provider’s stock worth $5,573,125,000 after purchasing an additional 3,113,395 shares in the last quarter. Finally, Noesis Capital Mangement Corp raised its holdings in Alphabet by 10.1% in the third quarter. Noesis Capital Mangement Corp now owns 176,782 shares of the information services provider’s stock worth $29,556,000 after purchasing an additional 16,283 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Alphabet Stock Performance

Alphabet stock traded up $0.20 during midday trading on Thursday, hitting $170.82. 12,433,371 shares of the company were exchanged, compared to its average volume of 19,605,984. The business has a fifty day simple moving average of $169.71 and a two-hundred day simple moving average of $171.85. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The firm has a market capitalization of $2.09 trillion, a PE ratio of 22.66, a price-to-earnings-growth ratio of 1.18 and a beta of 1.04. Alphabet Inc. has a fifty-two week low of $129.40 and a fifty-two week high of $193.31.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 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 business had revenue of $88.27 billion for the quarter, compared to analysts’ expectations of $86.39 billion. During the same quarter last year, the company earned $1.55 EPS. The business’s revenue was up 15.1% on a year-over-year basis. On average, sell-side analysts forecast that Alphabet Inc. will post 8.02 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be given a $0.20 dividend. The ex-dividend date is Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.47%. Alphabet’s dividend payout ratio (DPR) is currently 10.61%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GOOG. JPMorgan Chase & Co. raised their price target on shares of Alphabet from $208.00 to $212.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Phillip Securities raised shares of Alphabet to a “strong-buy” rating in a report on Friday, November 1st. Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Pivotal Research raised their price objective on Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, DA Davidson raised Alphabet to a “hold” rating in a research report on Tuesday, September 10th. Five research 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $200.56.

Insider Transactions at Alphabet

In other 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 completion of the transaction, the chief accounting officer now directly owns 32,017 shares of the company’s stock, valued at $5,136,807.48. This represents a 2.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $176.67, for a total transaction of $3,975,075.00. Following the completion of the sale, the chief executive officer now directly owns 2,061,806 shares in the company, valued at $364,259,266.02. This represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 206,795 shares of company stock valued at $34,673,866 in the last ninety days. 12.99% of the stock is currently owned by corporate 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.