Mosley Wealth Management Purchases 579 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Mosley Wealth Management grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 10.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,172 shares of the information services provider’s stock after buying an additional 579 shares during the period. Alphabet accounts for approximately 0.8% of Mosley Wealth Management’s holdings, making the stock its 29th biggest position. Mosley Wealth Management’s holdings in Alphabet were worth $1,206,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Principal Financial Group Inc. lifted its holdings in Alphabet by 3.1% during the third quarter. Principal Financial Group Inc. now owns 11,283,594 shares of the information services provider’s stock valued at $1,871,384,000 after purchasing an additional 337,031 shares in the last quarter. BIP Wealth LLC lifted its stake in shares of Alphabet by 5.1% during the 3rd quarter. BIP Wealth LLC now owns 7,302 shares of the information services provider’s stock valued at $1,211,000 after buying an additional 354 shares in the last quarter. Wrapmanager Inc. boosted its holdings in Alphabet by 17.1% in the 3rd quarter. Wrapmanager Inc. now owns 18,261 shares of the information services provider’s stock worth $3,029,000 after buying an additional 2,670 shares during the period. Fifth Third Wealth Advisors LLC increased its stake in Alphabet by 23.8% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 163,970 shares of the information services provider’s stock worth $27,194,000 after buying an additional 31,482 shares in the last quarter. Finally, Princeton Capital Management LLC raised its holdings in Alphabet by 2.5% during the third quarter. Princeton Capital Management LLC now owns 96,294 shares of the information services provider’s stock valued at $15,970,000 after acquiring an additional 2,358 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 673 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total transaction of $104,537.09. Following the completion of the sale, the chief accounting officer now owns 15,303 shares in the company, valued at approximately $2,377,014.99. This represents a 4.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John L. Hennessy sold 200 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the sale, the director now owns 7,813 shares of the company’s stock, valued at $1,293,285.89. This trade represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 87,297 shares of company stock valued at $15,936,270. Insiders own 11.55% of the company’s stock.

Alphabet Trading Down 0.0 %

GOOGL opened at $157.04 on Thursday. The business’s 50 day moving average price is $177.19 and its 200 day moving average price is $176.95. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a market capitalization of $1.91 trillion, a PE ratio of 19.51, a P/E/G ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a one year low of $147.22 and a one year high of $207.05.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. As a group, equities research analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.51%. The ex-dividend date was Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on GOOGL shares. Rosenblatt Securities reissued a “neutral” rating and issued a $205.00 price target on shares of Alphabet in a report on Wednesday, March 19th. DA Davidson upped their target price on shares of Alphabet from $190.00 to $200.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Westpark Capital raised shares of Alphabet to a “strong-buy” rating in a research note on Tuesday. DZ Bank cut shares of Alphabet from a “buy” rating to a “hold” rating and set a $198.00 price target on the stock. in a research note on Thursday, February 6th. Finally, Bank of America restated a “buy” rating and set a $210.00 price objective on shares of Alphabet in a research report on Monday, December 23rd. Ten investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $209.49.

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.