D.B. Root & Company LLC Has $271,000 Position in Alphabet Inc. (NASDAQ:GOOG)

D.B. Root & Company LLC cut its holdings in Alphabet Inc. (NASDAQ:GOOG) by 44.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,781 shares of the information services provider’s stock after selling 1,401 shares during the quarter. D.B. Root & Company LLC’s holdings in Alphabet were worth $271,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. AXQ Capital LP bought a new position in shares of Alphabet during the 3rd quarter worth approximately $804,000. Evergreen Capital Management LLC increased its stake in Alphabet by 0.8% in the 3rd quarter. Evergreen Capital Management LLC now owns 234,565 shares of the information services provider’s stock valued at $30,927,000 after buying an additional 1,810 shares during the last quarter. Legacy Advisors LLC lifted its position in Alphabet by 13.7% during the 3rd quarter. Legacy Advisors LLC now owns 35,489 shares of the information services provider’s stock worth $4,355,000 after buying an additional 4,270 shares in the last quarter. Lakeshore Financial Planning Inc. acquired a new position in shares of Alphabet during the 3rd quarter worth about $513,000. Finally, LaSalle St. Investment Advisors LLC grew its holdings in shares of Alphabet by 14.8% in the 3rd quarter. LaSalle St. Investment Advisors LLC now owns 2,799 shares of the information services provider’s stock valued at $369,000 after acquiring an additional 360 shares in the last quarter. 27.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on GOOG. Stifel Nicolaus increased their price target on Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Morgan Stanley reissued an “overweight” rating and issued a $165.00 target price on shares of Alphabet in a research note on Thursday, April 11th. Rosenblatt Securities lowered shares of Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price target on the stock. in a research report on Friday. Finally, Oppenheimer lifted their price objective on shares of Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. One research analyst has rated the stock with a hold rating and six have assigned a 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 $167.86.

Alphabet Stock Down 1.8 %

GOOG opened at $183.42 on Monday. The stock’s fifty day simple moving average is $174.40 and its 200 day simple moving average is $155.84. Alphabet Inc. has a 1-year low of $115.83 and a 1-year high of $187.50. The stock has a market cap of $2.27 trillion, a PE ratio of 28.13, a price-to-earnings-growth ratio of 1.38 and a beta of 1.05. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.38. The company had revenue of $80.54 billion for the quarter, compared to analyst estimates of $78.75 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The company’s revenue was up 15.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.17 earnings per share. As a group, research analysts expect that Alphabet Inc. will post 7.6 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently disclosed a — dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 10th. Alphabet’s dividend payout ratio (DPR) is presently 12.27%.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $154.79, for a total transaction of $105,566.78. Following the transaction, the chief accounting officer now owns 29,284 shares in the company, valued at $4,532,870.36. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $155.67, for a total transaction of $3,502,575.00. Following the transaction, the chief executive officer now directly owns 2,325,513 shares of the company’s stock, valued at $362,012,608.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $154.79, for a total transaction of $105,566.78. Following the completion of the sale, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at $4,532,870.36. The disclosure for this sale can be found here. Insiders sold a total of 143,026 shares of company stock worth $24,026,243 over the last quarter. Company insiders own 12.99% of the company’s stock.

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.