Rowlandmiller & PARTNERS.ADV Has $333,000 Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Rowlandmiller & PARTNERS.ADV raised its stake in Alphabet Inc. (NASDAQ:GOOGL) by 7.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,155 shares of the information services provider’s stock after buying an additional 155 shares during the quarter. Rowlandmiller & PARTNERS.ADV’s holdings in Alphabet were worth $333,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. CX Institutional grew its position in Alphabet by 13.5% in the first quarter. CX Institutional now owns 132,271 shares of the information services provider’s stock worth $20,454,000 after acquiring an additional 15,775 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Alphabet by 307.6% in the first quarter. Assenagon Asset Management S.A. now owns 10,302,644 shares of the information services provider’s stock worth $1,593,201,000 after acquiring an additional 7,774,811 shares in the last quarter. Monarch Capital Management Inc. grew its position in Alphabet by 37.9% in the first quarter. Monarch Capital Management Inc. now owns 16,911 shares of the information services provider’s stock worth $2,615,000 after acquiring an additional 4,646 shares in the last quarter. Kozak & Associates Inc. grew its position in Alphabet by 2.6% in the first quarter. Kozak & Associates Inc. now owns 3,856 shares of the information services provider’s stock worth $613,000 after acquiring an additional 97 shares in the last quarter. Finally, Trueblood Wealth Management LLC grew its position in Alphabet by 4.4% in the first quarter. Trueblood Wealth Management LLC now owns 5,888 shares of the information services provider’s stock worth $911,000 after acquiring an additional 248 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on GOOGL. Oppenheimer upped their price objective on shares of Alphabet from $185.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, April 25th. JPMorgan Chase & Co. decreased their price objective on shares of Alphabet from $220.00 to $180.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Roth Mkm reaffirmed a “buy” rating and set a $220.00 price objective on shares of Alphabet in a report on Wednesday, March 19th. BMO Capital Markets reaffirmed an “outperform” rating and set a $200.00 price objective (down from $230.00) on shares of Alphabet in a report on Thursday, April 17th. Finally, Mizuho decreased their price objective on shares of Alphabet from $230.00 to $205.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Ten analysts have rated the stock with a hold rating, twenty-six have given a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $199.75.

Alphabet Trading Down 0.7%

Shares of GOOGL stock opened at $177.35 on Thursday. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $207.05. The stock has a market cap of $2.15 trillion, a price-to-earnings ratio of 22.03, a P/E/G ratio of 1.34 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a fifty day moving average of $161.71 and a 200-day moving average of $174.51.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.79. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The company had revenue of $76.49 billion during the quarter, compared to analysts’ expectations of $89.30 billion. During the same quarter in the prior year, the company posted $1.89 EPS. On average, equities research analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be paid a $0.21 dividend. This is a boost from Alphabet’s previous quarterly dividend of $0.20. The ex-dividend date is Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.47%. Alphabet’s dividend payout ratio is currently 9.36%.

Insider Buying and Selling

In related news, insider John Kent Walker sold 11,764 shares of the stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $166.84, for a total transaction of $1,962,705.76. Following the completion of the sale, the insider now owns 49,037 shares in the company, valued at $8,181,333.08. This trade represents a 19.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the sale, the chief executive officer now owns 2,717,696 shares of the company’s stock, valued at $430,917,877.76. This trade represents a 1.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold 195,570 shares of company stock worth $32,003,532 in the last quarter. 11.64% of the stock is owned by corporate 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.