Alphabet Inc. (NASDAQ:GOOG) Shares Purchased by Roof Eidam Maycock Peralta LLC

Roof Eidam Maycock Peralta LLC increased its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 3.0% during the 1st quarter, Holdings Channel reports. The fund owned 26,968 shares of the information services provider’s stock after purchasing an additional 785 shares during the quarter. Alphabet makes up about 1.1% of Roof Eidam Maycock Peralta LLC’s investment portfolio, making the stock its 20th largest position. Roof Eidam Maycock Peralta LLC’s holdings in Alphabet were worth $4,213,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principia Wealth Advisory LLC grew its holdings in Alphabet by 111.8% in the first quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider’s stock valued at $26,000 after purchasing an additional 85 shares during the period. MorganRosel Wealth Management LLC acquired a new stake in Alphabet in the first quarter valued at approximately $26,000. LSV Asset Management acquired a new stake in Alphabet in the fourth quarter valued at approximately $27,000. Goodman Advisory Group LLC acquired a new stake in Alphabet in the first quarter valued at approximately $32,000. Finally, Greykasell Wealth Strategies Inc. acquired a new stake in Alphabet in the first quarter valued at approximately $32,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider John Kent Walker sold 23,820 shares of Alphabet stock in a transaction on Monday, August 4th. The stock was sold at an average price of $194.70, for a total value of $4,637,754.00. Following the completion of the sale, the insider directly owned 42,999 shares of the company’s stock, valued at approximately $8,371,905.30. The trade was a 35.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $196.23, for a total value of $6,377,475.00. Following the completion of the sale, the chief executive officer directly owned 2,494,892 shares of the company’s stock, valued at $489,572,657.16. The trade was a 1.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 273,219 shares of company stock worth $49,474,273 over the last ninety days. Company insiders own 12.99% of the company’s stock.

Alphabet Price Performance

NASDAQ:GOOG opened at $196.92 on Thursday. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $208.70. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $2.38 trillion, a P/E ratio of 20.97, a P/E/G ratio of 1.30 and a beta of 1.02. The stock’s fifty day moving average is $180.79 and its two-hundred day moving average is $174.68.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.19. Alphabet had a return on equity of 34.31% and a net margin of 31.12%. The company had revenue of $96.43 billion for the quarter, compared to the consensus estimate of $93.67 billion. During the same quarter in the previous year, the business earned $1.89 earnings per share. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. Equities analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 8th will be given a $0.21 dividend. The ex-dividend date is Monday, September 8th. This represents a $0.84 dividend on an annualized basis and a yield of 0.4%. Alphabet’s payout ratio is currently 8.95%.

Analyst Ratings Changes

GOOG has been the topic of several research analyst reports. The Goldman Sachs Group reissued a “buy” rating and issued a $220.00 price objective on shares of Alphabet in a report on Monday, June 2nd. Needham & Company LLC lowered Alphabet from a “buy” rating to a “cautious” rating in a report on Friday, May 2nd. Susquehanna restated a “positive” rating on shares of Alphabet in a research report on Friday, May 2nd. Piper Sandler restated a “neutral” rating on shares of Alphabet in a research report on Wednesday, July 9th. Finally, Citigroup restated a “sell” rating on shares of Alphabet in a research report on Wednesday, April 23rd. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and five have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $215.19.

Alphabet Company 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.