Alphabet Inc. $GOOGL is Rollins Financial Advisors LLC’s 6th Largest Position

Rollins Financial Advisors LLC lessened its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 1.8% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 155,604 shares of the information services provider’s stock after selling 2,828 shares during the period. Alphabet accounts for approximately 4.2% of Rollins Financial Advisors LLC’s holdings, making the stock its 6th biggest position. Rollins Financial Advisors LLC’s holdings in Alphabet were worth $24,063,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Guardian Wealth Management Inc. increased its stake in Alphabet by 242.9% in the 1st quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider’s stock worth $26,000 after buying an additional 119 shares in the last quarter. von Borstel & Associates Inc. purchased a new stake in Alphabet in the 1st quarter worth $28,000. IMA Advisory Services Inc. bought a new position in shares of Alphabet during the 1st quarter valued at about $28,000. NBZ Investment Advisors LLC boosted its holdings in shares of Alphabet by 85.7% during the 1st quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider’s stock valued at $30,000 after purchasing an additional 90 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. bought a new position in shares of Alphabet during the 1st quarter valued at about $39,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Stock Down 0.2%

Shares of NASDAQ:GOOGL opened at $239.17 on Thursday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $241.66. The company has a 50-day moving average price of $199.43 and a 200 day moving average price of $176.61. The company has a market cap of $2.89 trillion, a price-to-earnings ratio of 25.47, a PEG ratio of 1.61 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.16. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The firm had revenue of $96.43 billion during the quarter, compared to the consensus estimate of $93.60 billion. As a group, equities research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 8th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Monday, September 8th. This represents a $0.84 annualized dividend and a yield of 0.4%. Alphabet’s dividend payout ratio (DPR) is presently 8.95%.

Analysts Set New Price Targets

Several research analysts have commented on GOOGL shares. UBS Group increased their price objective on shares of Alphabet from $192.00 to $202.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Morgan Stanley increased their price objective on shares of Alphabet from $185.00 to $205.00 and gave the company an “overweight” rating in a report on Monday, July 21st. Wedbush increased their price objective on shares of Alphabet from $225.00 to $245.00 and gave the company an “outperform” rating in a report on Wednesday, September 3rd. BNP Paribas downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 26th. Finally, Citizens Jmp raised shares of Alphabet from a “market perform” rating to an “outperform” rating and set a $220.00 price objective for the company in a report on Friday, June 27th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and an average price target of $221.44.

Insider Activity

In other Alphabet news, Director Kavitark Ram Shriram sold 15,000 shares of the firm’s stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $185.76, for a total value of $2,786,400.00. Following the completion of the sale, the director owned 240,400 shares of the company’s stock, valued at $44,656,704. This trade represents a 5.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John L. Hennessy sold 600 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $203.79, for a total transaction of $122,274.00. Following the completion of the sale, the director directly owned 6,316 shares of the company’s stock, valued at approximately $1,287,137.64. The trade was a 8.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold 254,710 shares of company stock worth $49,208,380 in the last ninety days. 11.64% of the stock is currently owned by company insiders.

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.