Wealthcare Advisory Partners LLC Buys 4,848 Shares of Alphabet Inc. $GOOG

Wealthcare Advisory Partners LLC increased its position in Alphabet Inc. (NASDAQ:GOOGFree Report) by 12.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,014 shares of the information services provider’s stock after acquiring an additional 4,848 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Alphabet were worth $14,125,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of GOOG. Tradewinds LLC. lifted its holdings in Alphabet by 2,134.8% in the 3rd quarter. Tradewinds LLC. now owns 45,098 shares of the information services provider’s stock worth $10,984,000 after buying an additional 43,080 shares during the period. Kathmere Capital Management LLC increased its stake in shares of Alphabet by 8.5% during the fourth quarter. Kathmere Capital Management LLC now owns 29,896 shares of the information services provider’s stock valued at $9,381,000 after buying an additional 2,341 shares during the period. Atlantic Union Bankshares Corp raised its holdings in shares of Alphabet by 31.3% during the third quarter. Atlantic Union Bankshares Corp now owns 354,529 shares of the information services provider’s stock valued at $86,345,000 after acquiring an additional 84,553 shares in the last quarter. Baltimore Washington Financial Advisors Inc. lifted its stake in Alphabet by 0.9% in the third quarter. Baltimore Washington Financial Advisors Inc. now owns 221,391 shares of the information services provider’s stock worth $53,920,000 after acquiring an additional 2,009 shares during the period. Finally, American National Bank of Texas purchased a new stake in Alphabet in the third quarter worth $900,000. Institutional investors own 27.26% of the company’s stock.

Insider Activity at Alphabet

In other Alphabet news, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of Alphabet stock in a transaction on Friday, January 30th. The stock was sold at an average price of $19.00, for a total transaction of $35,060,852.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 955 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $298.00, for a total value of $284,590.00. Following the completion of the sale, the chief accounting officer directly owned 9,918 shares in the company, valued at approximately $2,955,564. This represents a 8.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,092,234 shares of company stock worth $112,487,971 over the last quarter. 12.99% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

GOOG has been the topic of a number of research analyst reports. Wells Fargo & Company raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Piper Sandler reaffirmed an “overweight” rating and set a $395.00 target price on shares of Alphabet in a research note on Thursday, February 5th. JPMorgan Chase & Co. raised their price objective on shares of Alphabet from $385.00 to $395.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. TD Cowen reaffirmed a “buy” rating and set a $365.00 price objective (up from $355.00) on shares of Alphabet in a research report on Thursday, February 5th. Finally, Raymond James Financial upgraded Alphabet from an “outperform” rating to a “strong-buy” rating and upped their target price for the stock from $315.00 to $400.00 in a report on Thursday, January 22nd. Nine equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $345.71.

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Alphabet Trading Up 5.0%

Shares of NASDAQ GOOG opened at $286.71 on Wednesday. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $350.15. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01. The firm has a 50-day moving average of $311.08 and a 200 day moving average of $296.33. The stock has a market cap of $3.47 trillion, a P/E ratio of 26.52, a price-to-earnings-growth ratio of 1.60 and a beta of 1.10.

Alphabet (NASDAQ:GOOGGet Free Report) last announced its quarterly earnings data on Thursday, February 5th. The information services provider reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.23. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The business had revenue of $113.83 billion for the quarter, compared to analysts’ expectations of $111.24 billion. During the same quarter in the prior year, the company earned $2.15 earnings per share. The business’s revenue was up 18.0% compared to the same quarter last year. As a group, sell-side analysts expect that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 9th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, March 9th. Alphabet’s dividend payout ratio (DPR) is 7.77%.

Alphabet Profile

(Free Report)

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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