Rogco LP Has $2.23 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Rogco LP increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 57.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,964 shares of the information services provider's stock after purchasing an additional 5,828 shares during the quarter. Alphabet accounts for approximately 1.0% of Rogco LP's portfolio, making the stock its 20th biggest position. Rogco LP's holdings in Alphabet were worth $2,230,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of GOOGL. RWQ Financial Management Services Inc. boosted its holdings in Alphabet by 8.2% during the 4th quarter. RWQ Financial Management Services Inc. now owns 61,499 shares of the information services provider's stock valued at $8,591,000 after acquiring an additional 4,664 shares during the period. Robbins Farley increased its position in shares of Alphabet by 0.8% during the fourth quarter. Robbins Farley now owns 15,006 shares of the information services provider's stock worth $2,096,000 after acquiring an additional 118 shares during the period. Quantum Financial Advisors LLC raised its stake in shares of Alphabet by 8.0% in the third quarter. Quantum Financial Advisors LLC now owns 7,623 shares of the information services provider's stock valued at $998,000 after acquiring an additional 564 shares in the last quarter. Colton Groome Financial Advisors LLC boosted its holdings in Alphabet by 3.8% in the fourth quarter. Colton Groome Financial Advisors LLC now owns 2,700 shares of the information services provider's stock valued at $377,000 after purchasing an additional 100 shares during the period. Finally, Acadian Asset Management LLC grew its stake in Alphabet by 2.4% during the 3rd quarter. Acadian Asset Management LLC now owns 4,416,533 shares of the information services provider's stock worth $577,908,000 after purchasing an additional 104,366 shares in the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director John L. Hennessy sold 800 shares of the company's stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $149.73, for a total transaction of $119,784.00. Following the completion of the sale, the director now directly owns 7,164 shares in the company, valued at $1,072,665.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director John L. Hennessy sold 800 shares of the firm's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $149.73, for a total value of $119,784.00. Following the transaction, the director now owns 7,164 shares of the company's stock, valued at approximately $1,072,665.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Ruth Porat sold 48,077 shares of the company's stock in a transaction on Friday, March 8th. The stock was sold at an average price of $137.22, for a total transaction of $6,597,125.94. Following the sale, the chief financial officer now directly owns 1,777,106 shares of the company's stock, valued at $243,854,485.32. The disclosure for this sale can be found here. Insiders have sold a total of 252,629 shares of company stock worth $37,091,240 in the last quarter. 0.88% of the stock is owned by insiders.

Alphabet Price Performance

Alphabet stock traded down $1.31 during mid-day trading on Friday, hitting $168.65. 29,776,576 shares of the company were exchanged, compared to its average volume of 30,714,796. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.15. Alphabet Inc. has a 12-month low of $114.41 and a 12-month high of $174.71. The business's 50 day simple moving average is $152.69 and its two-hundred day simple moving average is $143.20. The company has a market capitalization of $2.08 trillion, a P/E ratio of 25.87, a PEG ratio of 1.29 and a beta of 1.02.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating analysts' consensus estimates of $1.49 by $0.40. The business had revenue of $80.54 billion during the quarter, compared to analyst estimates of $66.04 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. During the same quarter in the previous year, the business posted $1.17 earnings per share. Analysts forecast that Alphabet Inc. will post 7.57 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.47%. The ex-dividend date is Monday, June 10th.

Analyst Ratings Changes

A number of equities research analysts have commented on GOOGL shares. Argus increased their price objective on shares of Alphabet from $170.00 to $200.00 and gave the company a "buy" rating in a research report on Tuesday, April 30th. Stifel Nicolaus raised their price target on Alphabet from $174.00 to $196.00 and gave the company a "buy" rating in a research note on Friday, April 26th. Wedbush upped their price objective on Alphabet from $175.00 to $205.00 and gave the stock an "outperform" rating in a research report on Friday, April 26th. Robert W. Baird raised their target price on Alphabet from $160.00 to $200.00 and gave the stock an "outperform" rating in a research report on Friday, April 26th. Finally, JPMorgan Chase & Co. upped their price target on Alphabet from $165.00 to $200.00 and gave the company an "overweight" rating in a report on Friday, April 26th. Five analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Alphabet has an average rating of "Moderate Buy" and an average price target of $190.60.

Alphabet Company 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.