Roberts Glore & Co. Inc. IL trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 3.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 55,355 shares of the information services provider's stock after selling 1,974 shares during the period. Alphabet accounts for 2.6% of Roberts Glore & Co. Inc. IL's investment portfolio, making the stock its 7th biggest holding. Roberts Glore & Co. Inc. IL's holdings in Alphabet were worth $8,648,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC raised its position in Alphabet by 18,562.3% during the first quarter. GAMMA Investing LLC now owns 14,323,323 shares of the information services provider's stock valued at $2,237,733,000 after acquiring an additional 14,246,573 shares in the last quarter. Vanguard Group Inc. increased its position in Alphabet by 2.4% during the first quarter. Vanguard Group Inc. now owns 411,570,922 shares of the information services provider's stock worth $64,299,725,000 after acquiring an additional 9,687,855 shares during the period. Northern Trust Corp grew its holdings in shares of Alphabet by 16.1% during the 4th quarter. Northern Trust Corp now owns 57,098,042 shares of the information services provider's stock worth $10,873,751,000 after purchasing an additional 7,917,625 shares in the last quarter. Capital International Investors increased its position in shares of Alphabet by 6.7% during the fourth quarter. Capital International Investors now owns 91,236,069 shares of the information services provider's stock valued at $17,376,706,000 after purchasing an additional 5,758,244 shares during the period. Finally, Sanders Capital LLC raised its stake in shares of Alphabet by 14.5% in the fourth quarter. Sanders Capital LLC now owns 33,504,543 shares of the information services provider's stock valued at $6,380,605,000 after purchasing an additional 4,247,379 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company's stock.
Insider Transactions at Alphabet
In other Alphabet news, Director Kavitark Ram Shriram sold 15,000 shares of the stock in a transaction on Friday, July 18th. The shares were sold at an average price of $185.76, for a total value of $2,786,400.00. Following the completion of the sale, the director owned 240,400 shares in the company, valued at $44,656,704. This trade represents a 5.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John L. Hennessy sold 400 shares of Alphabet stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $181.98, for a total value of $72,792.00. Following the transaction, the director owned 6,013 shares of the company's stock, valued at $1,094,245.74. The trade was a 6.24% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 273,219 shares of company stock worth $49,474,273. 12.99% of the stock is currently owned by insiders.
Analyst Ratings Changes
GOOG has been the topic of a number of analyst reports. Susquehanna reissued a "positive" rating on shares of Alphabet in a research note on Friday, May 2nd. Citigroup restated a "sell" rating on shares of Alphabet in a research note on Wednesday, April 23rd. Westpark Capital reiterated a "buy" rating and set a $210.00 target price on shares of Alphabet in a research report on Friday, April 25th. Wells Fargo & Company restated an "equal weight" rating on shares of Alphabet in a research report on Wednesday, July 9th. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and set a $171.00 price objective on shares of Alphabet in a report on Friday, April 25th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and five have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $215.19.
Check Out Our Latest Research Report on GOOG
Alphabet Trading Up 0.2%
Shares of NASDAQ GOOG traded up $0.36 during midday trading on Thursday, reaching $197.28. 14,292,926 shares of the stock were exchanged, compared to its average volume of 25,208,792. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. Alphabet Inc. has a 12 month low of $142.66 and a 12 month high of $208.70. The business has a 50-day simple moving average of $181.28 and a two-hundred day simple moving average of $174.68. The company has a market capitalization of $2.39 trillion, a price-to-earnings ratio of 21.01, a P/E/G ratio of 1.31 and a beta of 1.02.
Alphabet (NASDAQ:GOOG - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, topping analysts' consensus estimates of $2.12 by $0.19. The firm had revenue of $96.43 billion during the quarter, compared to analyst estimates of $93.67 billion. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The company's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.89 EPS. As a group, equities research analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.
Alphabet Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 8th will be paid a $0.21 dividend. The ex-dividend date is Monday, September 8th. This represents a $0.84 annualized dividend and a yield of 0.4%. Alphabet's payout ratio is presently 8.95%.
About Alphabet
(
Free Report)
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.
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