Orion Capital Management LLC Sells 92 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Orion Capital Management LLC lowered its position in Alphabet Inc. (NASDAQ:GOOGL) by 0.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,828 shares of the information services provider’s stock after selling 92 shares during the period. Alphabet comprises about 0.8% of Orion Capital Management LLC’s portfolio, making the stock its 26th largest position. Orion Capital Management LLC’s holdings in Alphabet were worth $1,630,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in GOOGL. Lantz Financial LLC increased its position in shares of Alphabet by 10.8% during the 2nd quarter. Lantz Financial LLC now owns 4,622 shares of the information services provider’s stock valued at $842,000 after purchasing an additional 452 shares during the last quarter. Spectrum Wealth Advisory Group LLC bought a new position in Alphabet during the second quarter valued at about $218,000. Breed s Hill Capital LLC increased its holdings in Alphabet by 6.1% during the second quarter. Breed s Hill Capital LLC now owns 4,870 shares of the information services provider’s stock worth $887,000 after buying an additional 280 shares during the last quarter. Hengehold Capital Management LLC raised its position in Alphabet by 0.8% in the second quarter. Hengehold Capital Management LLC now owns 7,224 shares of the information services provider’s stock worth $1,316,000 after acquiring an additional 60 shares during the period. Finally, Robbins Farley raised its position in Alphabet by 2.2% in the second quarter. Robbins Farley now owns 18,465 shares of the information services provider’s stock worth $3,363,000 after acquiring an additional 405 shares during the period. 40.03% of the stock is owned by institutional investors.

Alphabet Price Performance

GOOGL stock opened at $195.42 on Wednesday. The firm has a market cap of $2.39 trillion, a P/E ratio of 25.92, a P/E/G ratio of 1.39 and a beta of 1.01. The firm’s fifty day moving average is $172.93 and its 200 day moving average is $170.97. Alphabet Inc. has a 52 week low of $130.66 and a 52 week high of $201.42. 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 posted 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. The business had revenue of $88.27 billion during the quarter, compared to analyst estimates of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same period in the prior year, the business posted $1.55 earnings per share. Research analysts predict that Alphabet Inc. will post 8.01 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.80 annualized dividend and a yield of 0.41%. Alphabet’s payout ratio is 10.61%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Loop Capital raised their price target on shares of Alphabet from $170.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Wedbush reissued an “outperform” rating and issued a $205.00 target price on shares of Alphabet in a research report on Thursday, October 24th. BMO Capital Markets restated an “outperform” rating and issued a $217.00 target price (up from $215.00) on shares of Alphabet in a research note on Wednesday, October 30th. Roth Mkm increased 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, Needham & Company LLC reissued a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a report on Wednesday, October 30th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and five have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and an average target price of $206.08.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 2,834 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $197.55, for a total transaction of $559,856.70. Following the completion of the sale, the chief accounting officer now owns 20,681 shares of the company’s stock, valued at $4,085,531.55. This represents a 12.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John L. Hennessy sold 700 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $165.00, for a total transaction of $115,500.00. Following the completion of the sale, the director now directly owns 27,824 shares in the company, valued at approximately $4,590,960. This trade represents a 2.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 178,957 shares of company stock valued at $31,358,687 in the last ninety days. Company insiders own 11.55% 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.