Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by One Wealth Management Investment & Advisory Services LLC

One Wealth Management Investment & Advisory Services LLC lessened its stake in Alphabet Inc. (NASDAQ:GOOGL) by 6.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,160 shares of the information services provider’s stock after selling 1,830 shares during the quarter. Alphabet accounts for about 1.9% of One Wealth Management Investment & Advisory Services LLC’s portfolio, making the stock its 12th largest holding. One Wealth Management Investment & Advisory Services LLC’s holdings in Alphabet were worth $4,765,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of GOOGL. First National Advisers LLC lifted its holdings in shares of Alphabet by 20.9% in the 4th quarter. First National Advisers LLC now owns 18,760 shares of the information services provider’s stock valued at $2,621,000 after buying an additional 3,244 shares during the period. Bey Douglas LLC acquired a new position in Alphabet in the 4th quarter worth about $8,028,000. Matisse Capital raised its holdings in Alphabet by 13.7% in the 4th quarter. Matisse Capital now owns 16,781 shares of the information services provider’s stock worth $2,344,000 after purchasing an additional 2,026 shares during the period. New Century Financial Group LLC acquired a new position in Alphabet in the 4th quarter worth about $2,675,000. Finally, WT Wealth Management acquired a new position in Alphabet in the 4th quarter worth about $270,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Argus upped their price target on Alphabet from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Mizuho upped their price target on Alphabet from $205.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Truist Financial reaffirmed a “buy” rating and issued a $196.00 price target on shares of Alphabet in a report on Monday, September 16th. Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 price target on shares of Alphabet in a report on Friday, August 30th. Finally, Cantor Fitzgerald assumed coverage on Alphabet in a research note on Thursday, September 5th. They set a “neutral” rating and a $190.00 price objective for the company. Eight research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and an average price target of $201.08.

Alphabet Stock Up 0.9 %

NASDAQ:GOOGL opened at $163.59 on Friday. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. The stock’s fifty day moving average is $164.72 and its two-hundred day moving average is $165.32. Alphabet Inc. has a 52 week low of $120.21 and a 52 week high of $191.75. The stock has a market capitalization of $2.02 trillion, a price-to-earnings ratio of 25.09, a price-to-earnings-growth ratio of 1.13 and a beta of 1.04.

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

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 9th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date was Monday, September 9th. Alphabet’s dividend payout ratio (DPR) is 12.27%.

Insiders Place Their Bets

In other news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $160.63, for a total value of $3,614,175.00. Following the sale, the chief executive officer now directly owns 2,114,885 shares in the company, valued at $339,713,977.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $160.63, for a total value of $3,614,175.00. Following the sale, the chief executive officer now directly owns 2,114,885 shares in the company, valued at $339,713,977.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 1,500 shares of the stock in a transaction on Friday, July 12th. The shares were sold at an average price of $185.85, for a total value of $278,775.00. Following the completion of the sale, the director now owns 30,824 shares in the company, valued at $5,728,640.40. The disclosure for this sale can be found here. Insiders have sold 180,167 shares of company stock worth $29,762,606 over the last ninety days. Corporate insiders own 11.55% of the company’s stock.

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.