Oxler Private Wealth LLC Sells 21,040 Shares of Alphabet Inc. (NASDAQ:GOOG)

Oxler Private Wealth LLC lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 54.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,787 shares of the information services provider’s stock after selling 21,040 shares during the quarter. Alphabet makes up approximately 2.1% of Oxler Private Wealth LLC’s holdings, making the stock its 14th biggest holding. Oxler Private Wealth LLC’s holdings in Alphabet were worth $2,507,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Partnership Wealth Management LLC acquired a new stake in shares of Alphabet during the 4th quarter worth approximately $26,000. Bruce G. Allen Investments LLC bought a new stake in shares of Alphabet during the 4th quarter valued at $26,000. Equitec Proprietary Markets LLC bought a new stake in shares of Alphabet during the 4th quarter valued at $28,000. DiNuzzo Private Wealth Inc. acquired a new position in shares of Alphabet in the 4th quarter valued at $32,000. Finally, Buck Wealth Strategies LLC bought a new position in shares of Alphabet in the 3rd quarter worth $32,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $173.22, for a total value of $3,897,450.00. Following the completion of the transaction, the chief executive officer now owns 2,258,011 shares of the company’s stock, valued at approximately $391,132,665.42. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $173.22, for a total transaction of $3,897,450.00. Following the sale, the chief executive officer now directly owns 2,258,011 shares of the company’s stock, valued at $391,132,665.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $136.49, for a total transaction of $93,086.18. Following the completion of the transaction, the chief accounting officer now owns 28,602 shares of the company’s stock, valued at approximately $3,903,886.98. The disclosure for this sale can be found here. Insiders sold 205,935 shares of company stock worth $31,178,987 over the last three months. Insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Stifel Nicolaus boosted their price target on shares of Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Morgan Stanley reiterated an “overweight” rating and set a $165.00 price objective on shares of Alphabet in a report on Thursday, April 11th. Oppenheimer increased their target price on Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Susquehanna lifted their price target on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. Finally, Raymond James upped their price target on shares of Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $165.67.

Alphabet Stock Performance

Shares of GOOG traded down $1.54 during trading hours on Wednesday, hitting $178.00. The company had a trading volume of 15,957,332 shares, compared to its average volume of 22,094,039. The firm has a market cap of $2.20 trillion, a price-to-earnings ratio of 27.16, a PEG ratio of 1.32 and a beta of 1.02. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05. The business has a fifty day moving average of $160.23 and a 200-day moving average of $147.39. Alphabet Inc. has a 12 month low of $115.83 and a 12 month high of $179.95.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.38. The business had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $78.75 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period last year, the firm posted $1.17 EPS. Equities analysts anticipate that Alphabet Inc. will post 7.7 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a — dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be paid a $0.20 dividend. The ex-dividend date is Monday, June 10th.

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.