Rovin Capital UT ADV Has $1.88 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

Rovin Capital UT ADV lifted its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 14.5% during the 4th quarter, Holdings Channel reports. The firm owned 9,910 shares of the information services provider’s stock after purchasing an additional 1,253 shares during the quarter. Rovin Capital UT ADV’s holdings in Alphabet were worth $1,876,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Outlook Wealth Advisors LLC raised its holdings in Alphabet by 4.8% in the 4th quarter. Outlook Wealth Advisors LLC now owns 13,815 shares of the information services provider’s stock valued at $2,615,000 after acquiring an additional 639 shares during the period. Keeler & Nadler Financial Planning & Wealth Management increased its stake in shares of Alphabet by 9.2% during the fourth quarter. Keeler & Nadler Financial Planning & Wealth Management now owns 2,681 shares of the information services provider’s stock worth $508,000 after purchasing an additional 225 shares during the period. St. Louis Financial Planners Asset Management LLC lifted its holdings in Alphabet by 11.3% during the 4th quarter. St. Louis Financial Planners Asset Management LLC now owns 13,938 shares of the information services provider’s stock worth $2,639,000 after purchasing an additional 1,411 shares during the last quarter. ERn Financial LLC boosted its stake in Alphabet by 3.7% in the 4th quarter. ERn Financial LLC now owns 17,915 shares of the information services provider’s stock valued at $3,391,000 after purchasing an additional 641 shares during the period. Finally, BluePath Capital Management LLC grew its holdings in Alphabet by 186.2% in the 4th quarter. BluePath Capital Management LLC now owns 8,927 shares of the information services provider’s stock valued at $1,705,000 after buying an additional 5,808 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GOOGL shares. Needham & Company LLC reissued a “buy” rating and issued a $210.00 target price on shares of Alphabet in a research report on Wednesday, October 30th. Citizens Jmp downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Phillip Securities upgraded shares of Alphabet to a “strong-buy” rating in a research report on Friday, November 1st. Stifel Nicolaus lifted their price target on shares of Alphabet from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Finally, Tigress Financial boosted their price target on Alphabet from $210.00 to $220.00 and gave the company a “strong-buy” rating in a research note on Thursday, September 26th. Nine analysts have rated the stock with a hold rating, thirty have assigned a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $208.15.

Insiders Place Their Bets

In related news, CAO Amie Thuener O’toole sold 1,367 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $171.42, for a total transaction of $234,331.14. Following the sale, the chief accounting officer now owns 26,349 shares in the company, valued at $4,516,745.58. This represents a 4.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Kent Walker sold 16,820 shares of Alphabet stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $192.62, for a total value of $3,239,868.40. Following the completion of the sale, the insider now owns 43,981 shares of the company’s stock, valued at approximately $8,471,620.22. The trade was a 27.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 133,387 shares of company stock worth $24,368,654. Company insiders own 11.55% of the company’s stock.

Alphabet Price Performance

Shares of GOOGL opened at $196.00 on Friday. The business has a 50-day moving average of $184.08 and a 200-day moving average of $173.33. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The company has a market capitalization of $2.40 trillion, a price-to-earnings ratio of 25.99, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98. Alphabet Inc. has a 1 year low of $130.66 and a 1 year high of $201.42.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $72.85 billion. During the same quarter last year, the business earned $1.55 EPS. As a group, equities research analysts anticipate that Alphabet Inc. will post 8.03 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were given a dividend of $0.20 per share. The ex-dividend date was Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.41%. Alphabet’s dividend payout ratio (DPR) is currently 10.61%.

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.