Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Roffman Miller Associates Inc. PA

Roffman Miller Associates Inc. PA raised its stake in Alphabet Inc. (NASDAQ:GOOGL) by 1.8% during the third quarter, Holdings Channel.com reports. The firm owned 406,917 shares of the information services provider’s stock after purchasing an additional 7,300 shares during the quarter. Alphabet accounts for about 4.1% of Roffman Miller Associates Inc. PA’s portfolio, making the stock its 3rd largest position. Roffman Miller Associates Inc. PA’s holdings in Alphabet were worth $67,487,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Christopher J. Hasenberg Inc grew its stake in shares of Alphabet by 75.0% during the second quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock worth $26,000 after purchasing an additional 60 shares in the last quarter. LMR Partners LLP acquired a new position in shares of Alphabet during the 3rd quarter worth about $32,000. Kings Path Partners LLC purchased a new position in shares of Alphabet in the 2nd quarter valued at about $36,000. Denver PWM LLC acquired a new stake in shares of Alphabet during the 2nd quarter worth about $41,000. Finally, Quarry LP acquired a new stake in shares of Alphabet during the 2nd quarter worth about $53,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Activity at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,500 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $194.22, for a total value of $291,330.00. Following the transaction, the director now directly owns 23,324 shares in the company, valued at approximately $4,529,987.28. This represents a 6.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kavitark Ram Shriram sold 37,134 shares of Alphabet stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the sale, the director now owns 282,832 shares of the company’s stock, valued at approximately $52,329,576.64. This trade represents a 11.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 198,623 shares of company stock valued at $34,413,006. 11.55% of the stock is owned by corporate insiders.

Alphabet Stock Up 3.6 %

Alphabet stock opened at $196.66 on Tuesday. Alphabet Inc. has a fifty-two week low of $130.66 and a fifty-two week high of $199.00. The firm has a market capitalization of $2.41 trillion, a price-to-earnings ratio of 26.08, a price-to-earnings-growth ratio of 1.39 and a beta of 1.01. The stock’s fifty day moving average is $172.31 and its two-hundred day moving average is $170.80. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The firm had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $72.85 billion. During the same period last year, the firm posted $1.55 EPS. Analysts predict that Alphabet Inc. will post 8.01 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.80 annualized dividend and a dividend yield of 0.41%. Alphabet’s dividend payout ratio is currently 10.61%.

Analyst Ratings Changes

Several equities analysts have commented on GOOGL shares. DA Davidson began coverage on shares of Alphabet in a research note on Tuesday, September 10th. They issued a “neutral” rating and a $170.00 price target on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $210.00 target price on shares of Alphabet in a report on Thursday, December 12th. Roth Mkm boosted their price target on shares of Alphabet from $206.00 to $212.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Morgan Stanley upped their price objective on shares of Alphabet from $190.00 to $205.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, China Renaissance upgraded Alphabet from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Seven investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and five have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $206.08.

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.