Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by ROI Financial Advisors LLC

ROI Financial Advisors LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,809 shares of the information services provider’s stock after purchasing an additional 272 shares during the quarter. Alphabet accounts for about 4.7% of ROI Financial Advisors LLC’s portfolio, making the stock its 7th biggest position. ROI Financial Advisors LLC’s holdings in Alphabet were worth $6,968,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GOOGL. Compass Planning Associates Inc bought a new position in shares of Alphabet during the fourth quarter worth about $30,000. E Fund Management Hong Kong Co. Ltd. increased its stake in Alphabet by 518.8% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock valued at $37,000 after buying an additional 166 shares during the last quarter. Fiduciary Advisors Inc. acquired a new stake in shares of Alphabet in the fourth quarter valued at about $39,000. PayPay Securities Corp increased its position in shares of Alphabet by 36.1% during the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock worth $46,000 after purchasing an additional 65 shares during the last quarter. Finally, Prudent Man Investment Management Inc. acquired a new position in Alphabet during the fourth quarter worth $53,000. Institutional investors own 40.03% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the transaction, the chief executive officer now directly owns 2,717,696 shares of the company’s stock, valued at $430,917,877.76. This represents a 1.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ruth Porat sold 17,690 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $183.48, for a total value of $3,245,761.20. Following the completion of the transaction, the insider now owns 1,449,286 shares in the company, valued at approximately $265,914,995.28. This represents a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 119,797 shares of company stock worth $21,089,470. Corporate insiders own 11.55% of the company’s stock.

Alphabet Stock Up 2.8 %

Shares of NASDAQ GOOGL opened at $157.14 on Friday. The firm has a market cap of $1.92 trillion, a PE ratio of 19.52, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. The company has a 50 day simple moving average of $168.52 and a 200 day simple moving average of $176.22. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $207.05.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. On average, research analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a dividend of $0.20 per share. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.51%. Alphabet’s payout ratio is 9.94%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. JMP Securities reiterated a “market perform” rating on shares of Alphabet in a research note on Thursday. Piper Sandler reduced their target price on Alphabet from $208.00 to $185.00 and set an “overweight” rating for the company in a research note on Thursday. DZ Bank cut Alphabet from a “buy” rating to a “hold” rating and set a $198.00 price target on the stock. in a research note on Thursday, February 6th. Wells Fargo & Company cut their price target on Alphabet from $184.00 to $167.00 and set an “equal weight” rating for the company in a report on Monday, March 31st. Finally, Roth Mkm reissued a “buy” rating and issued a $220.00 price target on shares of Alphabet in a report on Wednesday, March 19th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have assigned a strong buy rating to the company. According to MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and an average price target of $206.51.

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.