Register Financial Advisors LLC Has $366,000 Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Register Financial Advisors LLC increased its stake in Alphabet Inc. (NASDAQ:GOOGL) by 19.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,422 shares of the information services provider’s stock after acquiring an additional 400 shares during the quarter. Register Financial Advisors LLC’s holdings in Alphabet were worth $366,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vermillion & White Wealth Management Group LLC acquired a new position in Alphabet in the fourth quarter valued at approximately $30,000. DiNuzzo Private Wealth Inc. acquired a new position in Alphabet in the fourth quarter valued at approximately $38,000. Armor Investment Advisors LLC lifted its stake in Alphabet by 31.0% in the fourth quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock valued at $47,000 after buying an additional 80 shares during the period. IAG Wealth Partners LLC lifted its stake in Alphabet by 55.9% in the fourth quarter. IAG Wealth Partners LLC now owns 343 shares of the information services provider’s stock valued at $48,000 after buying an additional 123 shares during the period. Finally, Valued Wealth Advisors LLC acquired a new position in Alphabet in the fourth quarter valued at approximately $55,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on GOOGL shares. Rosenblatt Securities reissued a “neutral” rating and issued a $181.00 price target (down from $182.00) on shares of Alphabet in a research note on Friday. Barclays boosted their price objective on Alphabet from $173.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Needham & Company LLC restated a “buy” rating and set a $210.00 price objective on shares of Alphabet in a report on Friday. Royal Bank of Canada boosted their price objective on Alphabet from $155.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, Citigroup boosted their price objective on Alphabet from $168.00 to $190.00 and gave the company a “buy” rating in a report on Friday, April 26th. Six equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and an average target price of $193.66.

Alphabet Stock Down 1.8 %

Shares of NASDAQ GOOGL opened at $182.15 on Monday. Alphabet Inc. has a one year low of $115.35 and a one year high of $186.05. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.15. The business’s fifty day moving average price is $172.85 and its 200-day moving average price is $154.44. The stock has a market capitalization of $2.25 trillion, a PE ratio of 27.94, a P/E/G ratio of 1.37 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The business had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $66.04 billion. During the same quarter last year, the company earned $1.17 EPS. On average, equities research analysts anticipate that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were paid a $0.20 dividend. The ex-dividend date was Monday, June 10th. This represents a $0.80 annualized dividend and a yield of 0.44%. Alphabet’s dividend payout ratio is currently 12.27%.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $154.79, for a total value of $105,566.78. Following the completion of the transaction, the chief accounting officer now owns 29,284 shares in the company, valued at approximately $4,532,870.36. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $155.67, for a total transaction of $3,502,575.00. Following the completion of the sale, the chief executive officer now owns 2,325,513 shares in the company, valued at approximately $362,012,608.71. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $154.79, for a total value of $105,566.78. Following the sale, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at approximately $4,532,870.36. The disclosure for this sale can be found here. Insiders sold a total of 143,026 shares of company stock worth $24,026,243 in the last quarter. 11.55% 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.