Oxinas Partners Wealth Management LLC Acquires 67 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Oxinas Partners Wealth Management LLC lifted its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 0.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,009 shares of the information services provider’s stock after purchasing an additional 67 shares during the quarter. Alphabet accounts for approximately 1.1% of Oxinas Partners Wealth Management LLC’s investment portfolio, making the stock its 27th biggest holding. Oxinas Partners Wealth Management LLC’s holdings in Alphabet were worth $1,641,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in GOOGL. Christopher J. Hasenberg Inc boosted its stake in shares of Alphabet by 75.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock worth $26,000 after buying an additional 60 shares during the last quarter. Vermillion & White Wealth Management Group LLC acquired a new position in Alphabet during the fourth quarter valued at approximately $30,000. Tributary Capital Management LLC acquired a new position in Alphabet during the first quarter valued at approximately $30,000. Kings Path Partners LLC bought a new position in Alphabet in the second quarter valued at approximately $36,000. Finally, CarsonAllaria Wealth Management Ltd. increased its position in shares of Alphabet by 59.2% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 293 shares of the information services provider’s stock worth $44,000 after purchasing an additional 109 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of several analyst reports. Loop Capital reaffirmed a “hold” rating and set a $170.00 price target on shares of Alphabet in a research report on Wednesday, July 3rd. BMO Capital Markets reiterated an “outperform” rating and issued a $222.00 target price on shares of Alphabet in a research note on Monday. JMP Securities reissued a “market outperform” rating and set a $200.00 price target on shares of Alphabet in a research report on Monday. Cantor Fitzgerald began coverage on Alphabet in a research note on Thursday, September 5th. They set a “neutral” rating and a $190.00 target price for the company. Finally, TD Securities raised their price target on Alphabet from $200.00 to $220.00 in a report on Wednesday, July 10th. Eight research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $201.08.

Alphabet Stock Up 0.4 %

NASDAQ GOOGL opened at $158.06 on Tuesday. The business has a fifty day moving average price of $166.84 and a two-hundred day moving average price of $165.01. The stock has a market capitalization of $1.95 trillion, a PE ratio of 24.24, a PEG ratio of 1.13 and a beta of 1.04. Alphabet Inc. has a fifty-two week low of $120.21 and a fifty-two week high of $191.75. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.04. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The business had revenue of $84.74 billion during the quarter, compared to the consensus estimate of $70.60 billion. During the same period in the prior year, the company earned $1.44 EPS. Equities analysts expect that Alphabet Inc. will post 7.64 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 9th were paid a $0.20 dividend. The ex-dividend date was Monday, September 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.51%. Alphabet’s payout ratio is currently 12.27%.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $183.47, for a total value of $125,126.54. Following the sale, the chief accounting officer now owns 30,650 shares in the company, valued at $5,623,355.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider John Kent Walker sold 21,467 shares of Alphabet stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $160.35, for a total transaction of $3,442,233.45. Following the sale, the insider now directly owns 39,334 shares in the company, valued at approximately $6,307,206.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $183.47, for a total transaction of $125,126.54. Following the completion of the transaction, the chief accounting officer now owns 30,650 shares of the company’s stock, valued at $5,623,355.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 180,167 shares of company stock valued at $30,139,931. 11.55% of the stock is owned by insiders.

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.