Rowlandmiller & PARTNERS.ADV Buys 461 Shares of Alphabet Inc. (NASDAQ:GOOG)

Rowlandmiller & PARTNERS.ADV raised its stake in Alphabet Inc. (NASDAQ:GOOG) by 0.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 81,966 shares of the information services provider’s stock after buying an additional 461 shares during the quarter. Alphabet accounts for about 2.8% of Rowlandmiller & PARTNERS.ADV’s holdings, making the stock its 8th biggest holding. Rowlandmiller & PARTNERS.ADV’s holdings in Alphabet were worth $13,704,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Spirit of America Management Corp NY lifted its stake in shares of Alphabet by 13.3% during the third quarter. Spirit of America Management Corp NY now owns 2,550 shares of the information services provider’s stock valued at $426,000 after acquiring an additional 300 shares during the period. Woodard & Co. Asset Management Group Inc. ADV boosted its stake in shares of Alphabet by 9.1% in the 3rd quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 18,776 shares of the information services provider’s stock valued at $3,139,000 after purchasing an additional 1,561 shares during the last quarter. DT Investment Partners LLC boosted its stake in shares of Alphabet by 0.5% in the 3rd quarter. DT Investment Partners LLC now owns 19,948 shares of the information services provider’s stock valued at $3,335,000 after purchasing an additional 108 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Alphabet by 65.9% during the third quarter. Assenagon Asset Management S.A. now owns 6,294,332 shares of the information services provider’s stock worth $1,052,349,000 after buying an additional 2,500,621 shares during the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC lifted its holdings in Alphabet by 14.1% in the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 5,446 shares of the information services provider’s stock valued at $911,000 after buying an additional 675 shares during the period. 27.26% of the stock is owned by institutional investors.

Insider Buying and Selling at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $166.30, for a total transaction of $3,741,750.00. Following the completion of the transaction, the chief executive officer now owns 2,106,806 shares in the company, valued at approximately $350,361,837.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $166.30, for a total value of $3,741,750.00. Following the completion of the transaction, the chief executive officer now directly owns 2,106,806 shares in the company, valued at $350,361,837.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Amie Thuener O’toole sold 2,835 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $151.53, for a total transaction of $429,587.55. Following the completion of the transaction, the chief accounting officer now directly owns 29,182 shares of the company’s stock, valued at $4,421,948.46. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 220,426 shares of company stock worth $35,993,340. Corporate insiders own 12.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on GOOG. Rosenblatt Securities cut shares of Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 target price for the company. in a research report on Friday, June 28th. Scotiabank started coverage on Alphabet in a report on Friday, October 11th. They issued a “sector outperform” rating and a $212.00 price objective for the company. DA Davidson upgraded Alphabet to a “hold” rating in a report on Tuesday, September 10th. Pivotal Research assumed coverage on shares of Alphabet in a research report on Tuesday, October 1st. They issued a “buy” rating and a $215.00 price target on the stock. Finally, TD Cowen lifted their price objective on shares of Alphabet from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $186.90.

Alphabet Trading Up 1.5 %

Shares of NASDAQ:GOOG opened at $166.99 on Friday. The firm has a market cap of $2.06 trillion, a price-to-earnings ratio of 25.61, a PEG ratio of 1.21 and a beta of 1.04. Alphabet Inc. has a 12 month low of $121.46 and a 12 month high of $193.31. The company’s fifty day simple moving average is $163.31 and its 200 day simple moving average is $169.88. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.04. The firm had revenue of $84.74 billion for the quarter, compared to the consensus estimate of $84.22 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter last year, the business posted $1.44 EPS. As a group, research analysts forecast that Alphabet Inc. will post 7.64 EPS for the current fiscal year.

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.