Alphabet Inc. $GOOGL Shares Acquired by Rossmore Private Capital

Rossmore Private Capital lifted its position in Alphabet Inc. (NASDAQ:GOOGL) by 0.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 67,372 shares of the information services provider’s stock after buying an additional 451 shares during the quarter. Alphabet makes up 1.3% of Rossmore Private Capital’s investment portfolio, making the stock its 16th largest holding. Rossmore Private Capital’s holdings in Alphabet were worth $10,418,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Guardian Wealth Management Inc. lifted its holdings in Alphabet by 242.9% during the 1st quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider’s stock worth $26,000 after buying an additional 119 shares in the last quarter. IMA Advisory Services Inc. purchased a new stake in shares of Alphabet during the first quarter worth $28,000. von Borstel & Associates Inc. acquired a new stake in shares of Alphabet in the first quarter valued at $28,000. NBZ Investment Advisors LLC boosted its holdings in Alphabet by 85.7% in the first quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider’s stock valued at $30,000 after purchasing an additional 90 shares during the period. Finally, Financial Gravity Asset Management Inc. purchased a new position in Alphabet in the first quarter valued at $39,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Activity

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $196.23, for a total transaction of $6,377,475.00. Following the transaction, the chief executive officer owned 2,494,892 shares in the company, valued at approximately $489,572,657.16. The trade was a 1.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John L. Hennessy sold 600 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $203.79, for a total value of $122,274.00. Following the transaction, the director directly owned 6,316 shares of the company’s stock, valued at approximately $1,287,137.64. This trade represents a 8.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 274,819 shares of company stock worth $49,796,547 in the last three months. 11.55% of the stock is currently owned by company insiders.

Alphabet Price Performance

Alphabet stock opened at $203.90 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. The business has a 50 day simple moving average of $184.25 and a 200-day simple moving average of $173.01. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $207.05. The stock has a market capitalization of $2.47 trillion, a PE ratio of 21.71, a price-to-earnings-growth ratio of 1.37 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL) last announced 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. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The company had revenue of $96,428,000 billion during the quarter, compared to the consensus estimate of $93.60 billion. Equities analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on GOOGL. Tigress Financial increased their price target on Alphabet from $220.00 to $240.00 and gave the company a “strong-buy” rating in a research report on Wednesday, April 30th. Susquehanna upped their target price on shares of Alphabet from $220.00 to $225.00 and gave the stock a “positive” rating in a research note on Thursday, July 24th. BMO Capital Markets lifted their price target on shares of Alphabet from $208.00 to $225.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. KeyCorp boosted their price target on shares of Alphabet from $215.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Finally, Morgan Stanley raised their price objective on shares of Alphabet from $185.00 to $205.00 and gave the company an “overweight” rating in a report on Monday, July 21st. Ten analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and an average target price of $211.53.

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.