Rowlandmiller & PARTNERS.ADV Has $332,000 Position in Alphabet Inc. (NASDAQ:GOOGL)

Rowlandmiller & PARTNERS.ADV lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 13.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 2,000 shares of the information services provider’s stock after selling 300 shares during the period. Rowlandmiller & PARTNERS.ADV’s holdings in Alphabet were worth $332,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pachira Investments Inc. boosted its stake in Alphabet by 5.2% during the 1st quarter. Pachira Investments Inc. now owns 4,192 shares of the information services provider’s stock worth $633,000 after acquiring an additional 208 shares during the last quarter. PCG Wealth Advisors LLC raised its holdings in Alphabet by 4.6% in the first quarter. PCG Wealth Advisors LLC now owns 3,446 shares of the information services provider’s stock worth $520,000 after purchasing an additional 153 shares during the period. Kovack Advisors Inc. raised its holdings in Alphabet by 4.3% in the first quarter. Kovack Advisors Inc. now owns 98,232 shares of the information services provider’s stock worth $14,826,000 after purchasing an additional 4,089 shares during the period. Cornerstone Wealth Management LLC boosted its position in shares of Alphabet by 0.3% during the first quarter. Cornerstone Wealth Management LLC now owns 43,079 shares of the information services provider’s stock worth $6,502,000 after purchasing an additional 132 shares in the last quarter. Finally, First Trust Direct Indexing L.P. grew its holdings in shares of Alphabet by 16.0% in the 1st quarter. First Trust Direct Indexing L.P. now owns 239,116 shares of the information services provider’s stock valued at $36,090,000 after buying an additional 32,925 shares during the period. Institutional investors own 40.03% of the company’s stock.

Insider Transactions at Alphabet

In other Alphabet news, Director Kavitark Ram Shriram sold 10,500 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $180.78, for a total transaction of $1,898,190.00. Following the sale, the director now owns 330,466 shares of the company’s stock, valued at approximately $59,741,643.48. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Alphabet news, Director Kavitark Ram Shriram sold 10,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $180.78, for a total transaction of $1,898,190.00. Following the sale, the director now directly owns 330,466 shares of the company’s stock, valued at $59,741,643.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Frances Arnold sold 441 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $171.06, for a total transaction of $75,437.46. Following the transaction, the director now directly owns 16,490 shares of the company’s stock, valued at $2,820,779.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 209,552 shares of company stock valued at $34,433,848. 11.55% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently commented on the company. Sanford C. Bernstein raised their price objective on Alphabet from $180.00 to $185.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Jefferies Financial Group increased their target price on Alphabet from $215.00 to $220.00 in a research note on Tuesday, July 9th. Royal Bank of Canada lifted their price target on shares of Alphabet from $204.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Needham & Company LLC reiterated a “buy” rating and set a $210.00 price objective on shares of Alphabet in a report on Wednesday, October 30th. Finally, Citigroup increased their price objective on shares of Alphabet from $190.00 to $212.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Seven analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and five have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $205.51.

Alphabet Stock Up 0.3 %

GOOGL opened at $169.74 on Wednesday. Alphabet Inc. has a fifty-two week low of $127.90 and a fifty-two week high of $191.75. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The stock has a fifty day moving average of $162.59 and a 200-day moving average of $169.31. The company has a market capitalization of $2.09 trillion, a P/E ratio of 22.51, a P/E/G ratio of 1.22 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The business had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $72.85 billion. During the same quarter in the previous year, the firm earned $1.55 earnings per share. On average, equities analysts expect that Alphabet Inc. will post 7.99 EPS for the current year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date is Monday, December 9th. Alphabet’s dividend payout ratio is presently 10.61%.

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.