OneAscent Wealth Management LLC Has $1.30 Million Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

OneAscent Wealth Management LLC lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 13.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,626 shares of the information services provider’s stock after selling 1,379 shares during the period. Alphabet comprises approximately 0.5% of OneAscent Wealth Management LLC’s investment portfolio, making the stock its 23rd largest holding. OneAscent Wealth Management LLC’s holdings in Alphabet were worth $1,302,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. RWQ Financial Management Services Inc. increased its position in Alphabet by 8.2% during the fourth quarter. RWQ Financial Management Services Inc. now owns 61,499 shares of the information services provider’s stock worth $8,591,000 after buying an additional 4,664 shares during the last quarter. Picton Mahoney Asset Management increased its holdings in shares of Alphabet by 55.4% during the 4th quarter. Picton Mahoney Asset Management now owns 214,443 shares of the information services provider’s stock worth $29,956,000 after acquiring an additional 76,410 shares during the last quarter. Robbins Farley raised its stake in Alphabet by 0.8% in the 4th quarter. Robbins Farley now owns 15,006 shares of the information services provider’s stock valued at $2,096,000 after acquiring an additional 118 shares during the period. Nebula Research & Development LLC acquired a new stake in Alphabet during the 4th quarter valued at $787,000. Finally, Quantum Financial Advisors LLC boosted its position in Alphabet by 8.0% during the third quarter. Quantum Financial Advisors LLC now owns 7,623 shares of the information services provider’s stock worth $998,000 after purchasing an additional 564 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GOOGL has been the subject of a number of research reports. Stifel Nicolaus restated a “buy” rating and set a $196.00 target price on shares of Alphabet in a research note on Wednesday, May 15th. Evercore ISI boosted their price objective on Alphabet from $220.00 to $225.00 and gave the stock an “outperform” rating in a report on Tuesday, June 11th. Jefferies Financial Group lifted their price target on Alphabet from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Wednesday, June 26th. UBS Group upped their price objective on Alphabet from $150.00 to $166.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Finally, JMP Securities reiterated a “market outperform” rating and set a $200.00 price objective on shares of Alphabet in a research report on Wednesday, May 15th. Six investment 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, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus target price of $193.66.

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the 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 directly owns 2,325,513 shares in the company, valued at approximately $362,012,608.71. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $155.67, for a total transaction of $3,502,575.00. Following the transaction, the chief executive officer now directly owns 2,325,513 shares of the company’s stock, valued at $362,012,608.71. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 2,100 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $175.76, for a total transaction of $369,096.00. Following the completion of the sale, the director now owns 5,891 shares of the company’s stock, valued at $1,035,402.16. The disclosure for this sale can be found here. Insiders sold 142,344 shares of company stock valued at $23,920,676 over the last quarter. Insiders own 11.55% of the company’s stock.

Alphabet Stock Performance

Shares of Alphabet stock opened at $182.99 on Tuesday. The stock has a market cap of $2.26 trillion, a price-to-earnings ratio of 28.07, a P/E/G ratio of 1.37 and a beta of 1.05. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a twelve month low of $115.35 and a twelve month high of $186.05. The company’s fifty day moving average is $172.85 and its 200 day moving average is $154.44.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The company had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $66.04 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. During the same period last year, the company earned $1.17 earnings per share. Sell-side analysts forecast that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 10th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.44%. The ex-dividend date was Monday, June 10th. Alphabet’s dividend payout ratio (DPR) is presently 12.27%.

Alphabet Company 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.