Alphabet Inc. $GOOG is Roberts Glore & Co. Inc. IL’s 4th Largest Position

Roberts Glore & Co. Inc. IL decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGFree Report) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,895 shares of the information services provider’s stock after selling 2,175 shares during the quarter. Alphabet accounts for approximately 4.3% of Roberts Glore & Co. Inc. IL’s portfolio, making the stock its 4th largest position. Roberts Glore & Co. Inc. IL’s holdings in Alphabet were worth $16,285,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Imprint Wealth LLC purchased a new stake in Alphabet in the third quarter worth approximately $31,000. Nvest Wealth Strategies Inc. purchased a new stake in Alphabet in the fourth quarter worth approximately $38,000. Towne Trust Company N.A boosted its stake in Alphabet by 34.0% in the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock worth $42,000 after buying an additional 34 shares in the last quarter. Winnow Wealth LLC purchased a new stake in Alphabet in the third quarter worth approximately $63,000. Finally, CBIZ Investment Advisory Services LLC boosted its stake in Alphabet by 29.0% in the third quarter. CBIZ Investment Advisory Services LLC now owns 258 shares of the information services provider’s stock worth $63,000 after buying an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet Stock Performance

Shares of GOOG stock opened at $384.84 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. Alphabet Inc. has a fifty-two week low of $163.33 and a fifty-two week high of $404.47. The stock has a 50 day moving average price of $338.73 and a two-hundred day moving average price of $322.49. The company has a market capitalization of $4.66 trillion, a P/E ratio of 29.35, a PEG ratio of 1.62 and a beta of 1.25.

Alphabet (NASDAQ:GOOGGet Free Report) last announced its quarterly earnings data on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $2.68 by $2.43. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The firm had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.96 billion. During the same quarter in the previous year, the company posted $2.81 earnings per share. The business’s revenue was up 21.8% on a year-over-year basis. Analysts expect that Alphabet Inc. will post 14.29 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be given a $0.22 dividend. The ex-dividend date is Monday, June 8th. This is an increase from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 0.2%. Alphabet’s dividend payout ratio is presently 6.71%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GOOG. BMO Capital Markets reaffirmed an “outperform” rating and issued a $400.00 target price on shares of Alphabet in a research note on Thursday, February 5th. Truist Financial set a $385.00 target price on Alphabet in a research note on Wednesday, April 22nd. Wedbush reaffirmed an “outperform” rating and issued a $370.00 target price on shares of Alphabet in a research note on Thursday, February 5th. Phillip Securities lowered Alphabet from a “strong-buy” rating to a “moderate buy” rating in a research note on Wednesday, April 15th. Finally, DZ Bank raised Alphabet to a “strong-buy” rating in a research note on Monday, February 16th. Six analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $372.65.

Read Our Latest Research Report on Alphabet

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

Insider Transactions at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $393.26, for a total value of $412,923.00. Following the completion of the sale, the director owned 2,531 shares in the company, valued at approximately $995,341.06. The trade was a 29.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John Kent Walker sold 8,993 shares of the business’s stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of $275.89, for a total value of $2,481,078.77. Following the completion of the sale, the insider owned 51,808 shares of the company’s stock, valued at $14,293,309.12. The trade was a 14.79% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 226,481 shares of company stock valued at $27,422,061. Insiders own 12.99% of the company’s stock.

Alphabet Profile

(Free Report)

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

Read More

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGFree Report).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.