Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Roberts Glore & Co. Inc. IL

Roberts Glore & Co. Inc. IL trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,500 shares of the information services provider’s stock after selling 666 shares during the quarter. Alphabet accounts for approximately 1.7% of Roberts Glore & Co. Inc. IL’s portfolio, making the stock its 11th largest holding. Roberts Glore & Co. Inc. IL’s holdings in Alphabet were worth $5,644,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Guardian Wealth Management Inc. increased its holdings in Alphabet by 242.9% in the first quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider’s stock valued at $26,000 after buying an additional 119 shares in the last quarter. von Borstel & Associates Inc. purchased a new position in Alphabet in the 1st quarter valued at approximately $28,000. IMA Advisory Services Inc. purchased a new position in Alphabet in the 1st quarter valued at approximately $28,000. NBZ Investment Advisors LLC raised its holdings in Alphabet by 85.7% during the first quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider’s stock worth $30,000 after purchasing an additional 90 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. purchased a new stake in Alphabet during the first quarter worth $39,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GOOGL has been the subject of several research reports. Needham & Company LLC lifted their price target on Alphabet from $210.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Citizens Jmp upgraded shares of Alphabet from a “market perform” rating to an “outperform” rating and set a $220.00 price target on the stock in a research report on Friday, June 27th. Royal Bank Of Canada raised their price objective on shares of Alphabet from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. Cantor Fitzgerald upped their target price on Alphabet from $196.00 to $201.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Finally, Wells Fargo & Company increased their target price on Alphabet from $184.00 to $187.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $211.53.

Alphabet Price Performance

Shares of GOOGL stock opened at $203.34 on Wednesday. The firm has a fifty day simple moving average of $182.27 and a 200-day simple moving average of $173.02. The company has a market capitalization of $2.46 trillion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 1.36 and a beta of 1.01. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $207.05. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.16. The firm had revenue of $96,428,000 billion for the quarter, compared to analyst estimates of $93.60 billion. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. Equities research analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 8th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Monday, September 8th. Alphabet’s dividend payout ratio (DPR) is 8.95%.

Insiders Place Their Bets

In other Alphabet news, Director Kavitark Ram Shriram sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $185.76, for a total value of $2,786,400.00. Following the transaction, the director directly owned 240,400 shares of the company’s stock, valued at $44,656,704. This represents a 5.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John L. Hennessy sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $200.00, for a total transaction of $200,000.00. Following the sale, the director directly owned 6,916 shares of the company’s stock, valued at $1,383,200. The trade was a 12.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 274,219 shares of company stock worth $49,674,273 in the last quarter. Company insiders own 11.55% of the company’s stock.

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.