Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Rooted Wealth Advisors Inc.

Rooted Wealth Advisors Inc. trimmed its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 8.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,946 shares of the information services provider’s stock after selling 531 shares during the period. Rooted Wealth Advisors Inc.’s holdings in Alphabet were worth $1,162,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Trust Point Inc. raised its position in shares of Alphabet by 1.6% during the 3rd quarter. Trust Point Inc. now owns 52,019 shares of the information services provider’s stock valued at $8,627,000 after acquiring an additional 840 shares in the last quarter. Intergy Private Wealth LLC increased its position in shares of Alphabet by 11.4% during the 3rd quarter. Intergy Private Wealth LLC now owns 2,270 shares of the information services provider’s stock valued at $376,000 after purchasing an additional 233 shares during the period. Inspire Advisors LLC raised its holdings in shares of Alphabet by 10.1% in the 3rd quarter. Inspire Advisors LLC now owns 2,857 shares of the information services provider’s stock worth $474,000 after purchasing an additional 262 shares in the last quarter. Stratos Wealth Partners LTD. lifted its position in shares of Alphabet by 4.8% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 334,330 shares of the information services provider’s stock valued at $55,449,000 after acquiring an additional 15,320 shares during the last quarter. Finally, Stratos Wealth Advisors LLC raised its holdings in Alphabet by 2.0% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 69,788 shares of the information services provider’s stock worth $11,574,000 after buying an additional 1,361 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Transactions at Alphabet

In related news, insider Ruth Porat sold 17,690 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $183.48, for a total value of $3,245,761.20. Following the completion of the transaction, the insider now owns 1,449,286 shares of the company’s stock, valued at approximately $265,914,995.28. This represents a 1.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,340 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the completion of the sale, the chief accounting officer now directly owns 17,848 shares in the company, valued at approximately $3,606,723.84. The trade was a 6.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 134,299 shares of company stock valued at $25,055,751 in the last 90 days. 11.55% of the stock is currently owned by company insiders.

Analyst Ratings Changes

GOOGL has been the topic of several research reports. JMP Securities reaffirmed a “market perform” rating on shares of Alphabet in a research report on Wednesday, February 5th. Wolfe Research lifted their price target on Alphabet from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Bank of America reiterated a “buy” rating and issued a $210.00 target price on shares of Alphabet in a research note on Monday, December 23rd. BMO Capital Markets restated an “outperform” rating and set a $217.00 target price (up previously from $215.00) on shares of Alphabet in a research report on Wednesday, October 30th. Finally, China Renaissance raised Alphabet from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Ten research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $210.62.

Alphabet Trading Down 2.1 %

Shares of Alphabet stock opened at $175.42 on Wednesday. The stock has a market cap of $2.14 trillion, a PE ratio of 21.79, a price-to-earnings-growth ratio of 1.34 and a beta of 0.99. The firm has a fifty day moving average price of $191.72 and a 200 day moving average price of $176.14. Alphabet Inc. has a 1 year low of $130.66 and a 1 year high of $207.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Equities research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be given a $0.20 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.46%. Alphabet’s dividend payout ratio is presently 9.94%.

Alphabet Profile

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.