R. W. Roge & Company Inc. Boosts Position in Alphabet Inc. (NASDAQ:GOOGL)

R. W. Roge & Company Inc. boosted its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 20.2% during the fourth quarter, Holdings Channel reports. The firm owned 4,753 shares of the information services provider’s stock after buying an additional 800 shares during the quarter. Alphabet comprises approximately 0.4% of R. W. Roge & Company Inc.’s holdings, making the stock its 22nd biggest position. R. W. Roge & Company Inc.’s holdings in Alphabet were worth $663,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Randolph Co Inc boosted its position in Alphabet by 2.2% during the fourth quarter. Randolph Co Inc now owns 28,499 shares of the information services provider’s stock worth $3,981,000 after purchasing an additional 627 shares in the last quarter. Executive Wealth Management LLC lifted its position in shares of Alphabet by 7.9% in the fourth quarter. Executive Wealth Management LLC now owns 43,054 shares of the information services provider’s stock valued at $6,014,000 after acquiring an additional 3,160 shares in the last quarter. Plimoth Trust Co. LLC lifted its position in shares of Alphabet by 0.4% in the fourth quarter. Plimoth Trust Co. LLC now owns 65,440 shares of the information services provider’s stock valued at $9,141,000 after acquiring an additional 252 shares in the last quarter. Capasso Planning Partners LLC lifted its position in shares of Alphabet by 3.7% in the fourth quarter. Capasso Planning Partners LLC now owns 2,638 shares of the information services provider’s stock valued at $369,000 after acquiring an additional 94 shares in the last quarter. Finally, Albion Financial Group UT lifted its position in shares of Alphabet by 1.7% in the fourth quarter. Albion Financial Group UT now owns 264,186 shares of the information services provider’s stock valued at $36,904,000 after acquiring an additional 4,375 shares in the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GOOGL has been the topic of several recent research reports. Truist Financial upped their price objective on Alphabet from $158.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday. Wells Fargo & Company reduced their price objective on Alphabet from $144.00 to $141.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 3rd. StockNews.com upgraded Alphabet from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 20th. BMO Capital Markets reiterated an “outperform” rating and issued a $185.00 target price (up from $178.00) on shares of Alphabet in a research note on Wednesday, April 10th. Finally, Wolfe Research upped their target price on Alphabet from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Five research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $157.00.

Alphabet Stock Up 0.7 %

GOOGL opened at $155.47 on Thursday. Alphabet Inc. has a 12 month low of $102.63 and a 12 month high of $160.22. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. The stock has a market cap of $1.93 trillion, a P/E ratio of 26.81, a P/E/G ratio of 1.43 and a beta of 1.05. The stock’s 50 day moving average price is $145.95 and its 200 day moving average price is $140.29.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.60 by $0.04. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The firm had revenue of $86.31 billion for the quarter, compared to analysts’ expectations of $70.77 billion. During the same period last year, the firm earned $1.05 EPS. As a group, research analysts predict that Alphabet Inc. will post 6.78 earnings per share for the current year.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $157.41, for a total value of $3,541,725.00. Following the sale, the chief executive officer now directly owns 2,303,011 shares in the company, valued at approximately $362,516,961.51. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $157.41, for a total value of $3,541,725.00. Following the completion of the sale, the chief executive officer now owns 2,303,011 shares of the company’s stock, valued at $362,516,961.51. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $136.49, for a total value of $93,086.18. Following the completion of the sale, the chief accounting officer now directly owns 28,602 shares of the company’s stock, valued at approximately $3,903,886.98. The disclosure for this sale can be found here. Insiders have sold a total of 251,339 shares of company stock worth $36,377,482 in the last three months. 0.88% of the stock is owned by company insiders.

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.