Roberts Wealth Advisors LLC Sells 49 Shares of Alphabet Inc. (NASDAQ:GOOGL)

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Roberts Wealth Advisors LLC reduced its stake in Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 6.6% during the 1st quarter, Holdings Channel reports. The fund owned 688 shares of the information services provider’s stock after selling 49 shares during the period. Roberts Wealth Advisors LLC’s holdings in Alphabet were worth $1,928,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Morling Financial Advisors LLC bought a new position in shares of Alphabet during the fourth quarter worth approximately $29,000. West Bancorporation Inc. bought a new position in shares of Alphabet during the fourth quarter worth approximately $29,000. Wealthgate Family Office LLC bought a new position in shares of Alphabet during the fourth quarter worth approximately $32,000. NS Partners Ltd bought a new position in shares of Alphabet during the fourth quarter worth approximately $41,000. Finally, Schubert & Co bought a new position in shares of Alphabet during the fourth quarter worth approximately $43,000. 41.70% of the stock is currently owned by hedge funds and other institutional investors.

In related news, SVP Prabhakar Raghavan sold 490 shares of Alphabet stock in a transaction on Tuesday, May 3rd. The shares were sold at an average price of $2,335.30, for a total transaction of $1,144,297.00. Following the completion of the transaction, the senior vice president now owns 497 shares of the company’s stock, valued at $1,160,644.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder 2016 Gp L.L.C. Gv sold 544,249 shares of Alphabet stock in a transaction on Monday, April 11th. The stock was sold at an average price of $11.16, for a total transaction of $6,073,818.84. The disclosure for this sale can be found here. Insiders have sold 550,357 shares of company stock valued at $21,855,978 in the last three months. 11.44% of the stock is owned by insiders.

Shares of NASDAQ:GOOGL opened at $2,229.75 on Thursday. The firm has a market cap of $1.47 trillion, a PE ratio of 20.17, a price-to-earnings-growth ratio of 1.05 and a beta of 1.13. The firm’s fifty day moving average is $2,300.45 and its 200-day moving average is $2,598.40. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.85 and a current ratio of 2.87. Alphabet Inc. has a 52 week low of $2,037.69 and a 52 week high of $3,030.93.

Alphabet shares are going to split on Monday, July 18th. The 20-1 split was announced on Tuesday, February 1st. The newly issued shares will be distributed to shareholders after the closing bell on Friday, July 15th.

Alphabet (NASDAQ:GOOGLGet Rating) last issued its quarterly earnings results on Tuesday, April 26th. The information services provider reported $24.62 EPS for the quarter, missing analysts’ consensus estimates of $25.70 by ($1.08). The business had revenue of $56.02 billion for the quarter, compared to analyst estimates of $56.17 billion. Alphabet had a return on equity of 30.18% and a net margin of 27.57%. During the same quarter last year, the firm posted $26.29 EPS. Sell-side analysts forecast that Alphabet Inc. will post 110.83 EPS for the current year.

Several research analysts have recently commented on GOOGL shares. Morgan Stanley lowered their target price on shares of Alphabet from $3,270.00 to $3,000.00 in a report on Wednesday, June 1st. KeyCorp lowered their target price on shares of Alphabet from $3,400.00 to $3,075.00 and set an “overweight” rating on the stock in a report on Wednesday, April 20th. Jefferies Financial Group lowered their target price on shares of Alphabet from $3,400.00 to $3,100.00 in a report on Tuesday, May 24th. MKM Partners reduced their price target on shares of Alphabet from $3,375.00 to $3,300.00 and set a “buy” rating on the stock in a research report on Thursday, April 14th. Finally, Tigress Financial increased their price target on shares of Alphabet from $3,540.00 to $3,670.00 and gave the stock a “strong-buy” rating in a research report on Friday, March 18th. One investment analyst has rated the stock with a hold rating, thirty-four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $3,297.86.

Alphabet Profile (Get Rating)

Alphabet Inc provides 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 offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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