O ROURKE & COMPANY Inc Purchases 104 Shares of Alphabet Inc. (NASDAQ:GOOG)

O ROURKE & COMPANY Inc increased its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,187 shares of the information services provider’s stock after acquiring an additional 104 shares during the period. Alphabet comprises about 1.6% of O ROURKE & COMPANY Inc’s portfolio, making the stock its 15th largest position. O ROURKE & COMPANY Inc’s holdings in Alphabet were worth $2,769,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Legacy Advisors LLC lifted its stake in Alphabet by 13.7% in the 3rd quarter. Legacy Advisors LLC now owns 35,489 shares of the information services provider’s stock valued at $4,355,000 after purchasing an additional 4,270 shares during the last quarter. Lakeshore Financial Planning Inc. acquired a new stake in shares of Alphabet in the 3rd quarter valued at $513,000. LaSalle St. Investment Advisors LLC lifted its position in shares of Alphabet by 14.8% during the 3rd quarter. LaSalle St. Investment Advisors LLC now owns 2,799 shares of the information services provider’s stock worth $369,000 after buying an additional 360 shares during the last quarter. Lake Street Advisors Group LLC boosted its position in Alphabet by 49.7% in the third quarter. Lake Street Advisors Group LLC now owns 79,675 shares of the information services provider’s stock valued at $10,505,000 after buying an additional 26,468 shares in the last quarter. Finally, Kinetic Partners Management LP grew its stake in shares of Alphabet by 23.3% in the third quarter. Kinetic Partners Management LP now owns 444,100 shares of the information services provider’s stock worth $58,555,000 after purchasing an additional 83,900 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Morgan Stanley reiterated an “overweight” rating and issued a $165.00 price target on shares of Alphabet in a report on Thursday, April 11th. Rosenblatt Securities lowered shares of Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 target price on the stock. in a report on Friday. Oppenheimer boosted their price objective on Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Finally, Stifel Nicolaus lifted their price objective on shares of Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $167.86.

Alphabet Price Performance

GOOG opened at $184.49 on Tuesday. Alphabet Inc. has a twelve month low of $115.83 and a twelve month high of $187.50. The company has a market capitalization of $2.28 trillion, a price-to-earnings ratio of 28.30, a PEG ratio of 1.38 and a beta of 1.05. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05. The firm has a 50-day moving average price of $174.40 and a 200-day moving average price of $155.84.

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

Alphabet Dividend Announcement

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

Insider Transactions at Alphabet

In other news, CEO Sundar Pichai sold 22,500 shares of the business’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 value of $3,502,575.00. Following the completion of the sale, the chief executive officer now directly owns 2,325,513 shares in the company, valued at approximately $362,012,608.71. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director John L. Hennessy sold 2,100 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $175.76, for a total value of $369,096.00. Following the transaction, the director now owns 5,891 shares in the company, valued at $1,035,402.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction 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 sale, the chief executive officer now owns 2,325,513 shares of the company’s stock, valued at $362,012,608.71. The disclosure for this sale can be found here. In the last ninety days, insiders sold 142,344 shares of company stock valued at $23,920,676. Insiders own 12.99% of the company’s stock.

About Alphabet

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.