Regal Investment Advisors LLC Acquires 803 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Regal Investment Advisors LLC raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 1.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,068 shares of the information services provider’s stock after purchasing an additional 803 shares during the period. Regal Investment Advisors LLC’s holdings in Alphabet were worth $6,296,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vermillion & White Wealth Management Group LLC bought a new position in shares of Alphabet in the 4th quarter worth approximately $30,000. DiNuzzo Private Wealth Inc. bought a new position in Alphabet during the 4th quarter valued at approximately $38,000. Meritage Group LP increased its position in Alphabet by 1,061.5% during the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock valued at $40,000 after buying an additional 276 shares in the last quarter. Armor Investment Advisors LLC increased its position in Alphabet by 31.0% during the 4th 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 in the last quarter. Finally, IAG Wealth Partners LLC increased its position in Alphabet by 55.9% during the 4th 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 in the last quarter. Institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $148.78, for a total value of $3,347,550.00. Following the sale, the chief executive officer now directly owns 2,310,191 shares of the company’s stock, valued at $343,710,216.98. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director John L. Hennessy sold 500 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $149.50, for a total transaction of $74,750.00. Following the sale, the director now directly owns 8,791 shares of the company’s stock, valued at approximately $1,314,254.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $148.78, for a total transaction of $3,347,550.00. Following the sale, the chief executive officer now directly owns 2,310,191 shares in the company, valued at $343,710,216.98. The disclosure for this sale can be found here. Over the last three months, insiders have sold 157,458 shares of company stock valued at $25,538,973. 11.55% of the stock is owned by insiders.

Alphabet Stock Performance

Shares of GOOGL stock opened at $175.01 on Tuesday. The business’s fifty day simple moving average is $166.20 and its 200-day simple moving average is $149.98. The company has a market cap of $2.16 trillion, a PE ratio of 26.84, a PEG ratio of 1.31 and a beta of 1.01. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 12-month low of $115.35 and a 12-month high of $178.77.

Alphabet (NASDAQ:GOOGLGet Free Report) last released its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $66.04 billion. During the same period in the prior year, the firm earned $1.17 EPS. Analysts expect that Alphabet Inc. will post 7.6 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Monday, June 10th.

Wall Street Analysts Forecast Growth

Several analysts have commented on GOOGL shares. Truist Financial increased their target price on Alphabet from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Royal Bank of Canada increased their target price on Alphabet from $155.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Sanford C. Bernstein raised their price target on Alphabet from $165.00 to $180.00 and gave the stock a “market perform” rating in a research note on Friday, April 26th. Loop Capital raised their price target on Alphabet from $155.00 to $170.00 and gave the stock a “hold” rating in a research note on Wednesday, May 1st. Finally, Stifel Nicolaus restated a “buy” rating and issued a $196.00 price target on shares of Alphabet in a research note on Wednesday, May 15th. Five equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and an average price target of $191.57.

Check Out Our Latest Analysis on GOOGL

Alphabet Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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