Koa Wealth Management LLC Has $7.14 Million Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Koa Wealth Management LLC decreased its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,697 shares of the information services provider’s stock after selling 860 shares during the period. Alphabet comprises approximately 5.8% of Koa Wealth Management LLC’s holdings, making the stock its 3rd largest holding. Koa Wealth Management LLC’s holdings in Alphabet were worth $7,136,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. LMR Partners LLP bought a new stake in shares of Alphabet in the 3rd quarter valued at about $32,000. E Fund Management Hong Kong Co. Ltd. lifted its position in Alphabet by 518.8% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock valued at $37,000 after acquiring an additional 166 shares during the last quarter. Denver PWM LLC raised its stake in Alphabet by 25.4% in the third quarter. Denver PWM LLC now owns 281 shares of the information services provider’s stock valued at $47,000 after buying an additional 57 shares during the last quarter. Teachers Insurance & Annuity Association of America acquired a new position in shares of Alphabet during the third quarter valued at about $66,000. Finally, Mendota Financial Group LLC raised its position in shares of Alphabet by 19.0% in the 3rd quarter. Mendota Financial Group LLC now owns 401 shares of the information services provider’s stock valued at $67,000 after purchasing an additional 64 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Alphabet Stock Down 3.3 %

Shares of GOOGL opened at $185.34 on Friday. The company’s 50-day moving average price is $191.28 and its 200 day moving average price is $174.64. The firm has a market cap of $2.27 trillion, a P/E ratio of 24.58, a price-to-earnings-growth ratio of 1.31 and a beta of 0.99. Alphabet Inc. has a 12-month low of $130.66 and a 12-month high of $207.05. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. On average, sell-side analysts forecast that Alphabet Inc. will post 8.02 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.43%. The ex-dividend date is Monday, March 10th. Alphabet’s payout ratio is currently 10.61%.

Wall Street Analyst Weigh In

GOOGL has been the subject of a number of research analyst reports. Bank of America restated a “buy” rating and issued a $210.00 target price on shares of Alphabet in a research note on Monday, December 23rd. Phillip Securities raised Alphabet to a “strong-buy” rating in a research report on Friday, November 1st. Roth Mkm boosted their price objective on Alphabet from $206.00 to $212.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. DZ Bank lowered Alphabet from a “buy” rating to a “hold” rating and set a $198.00 target price on the stock. in a report on Thursday. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $210.00 price target on shares of Alphabet in a report on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and an average target price of $210.62.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 1,340 shares of the business’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 transaction of $270,787.20. Following the completion of the sale, the chief accounting officer now owns 17,848 shares in the company, valued at approximately $3,606,723.84. The trade was a 6.98 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $176.67, for a total value of $3,975,075.00. Following the sale, the chief executive officer now owns 2,061,806 shares in the company, valued at $364,259,266.02. This trade represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 89,529 shares of company stock valued at $16,600,078 in the last quarter. Corporate insiders own 11.55% of the company’s stock.

About Alphabet

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.