One Wealth Advisors LLC Buys 1,951 Shares of Alphabet Inc. $GOOG

One Wealth Advisors LLC lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGFree Report) by 6.5% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 31,985 shares of the information services provider’s stock after buying an additional 1,951 shares during the quarter. Alphabet comprises about 1.0% of One Wealth Advisors LLC’s portfolio, making the stock its 27th largest holding. One Wealth Advisors LLC’s holdings in Alphabet were worth $7,790,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. BankPlus Wealth Management LLC grew its holdings in Alphabet by 1.2% in the 3rd quarter. BankPlus Wealth Management LLC now owns 3,143 shares of the information services provider’s stock valued at $766,000 after buying an additional 37 shares in the last quarter. Cedar Mountain Advisors LLC boosted its position in shares of Alphabet by 11.8% in the third quarter. Cedar Mountain Advisors LLC now owns 370 shares of the information services provider’s stock valued at $90,000 after acquiring an additional 39 shares during the period. Higgins & Schmidt Wealth Strategies LLC boosted its position in shares of Alphabet by 2.2% in the third quarter. Higgins & Schmidt Wealth Strategies LLC now owns 1,818 shares of the information services provider’s stock valued at $443,000 after acquiring an additional 40 shares during the period. Hartmann Taylor Wealth Management LLC increased its position in Alphabet by 2.3% during the third quarter. Hartmann Taylor Wealth Management LLC now owns 1,813 shares of the information services provider’s stock worth $442,000 after acquiring an additional 40 shares during the period. Finally, Riverbend Wealth Management LLC raised its stake in Alphabet by 1.0% in the 3rd quarter. Riverbend Wealth Management LLC now owns 4,198 shares of the information services provider’s stock worth $1,023,000 after purchasing an additional 41 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Amie Thuener O’toole sold 2,778 shares of Alphabet stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $312.30, for a total transaction of $867,569.40. Following the sale, the chief accounting officer directly owned 8,962 shares of the company’s stock, valued at approximately $2,798,832.60. The trade was a 23.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $19.00, for a total transaction of $35,060,852.00. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 2,037,964 shares of company stock worth $95,259,727. Insiders own 12.99% of the company’s stock.

Analysts Set New Price Targets

GOOG has been the topic of a number of analyst reports. DA Davidson set a $300.00 target price on shares of Alphabet in a research report on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $370.00 price target on shares of Alphabet in a research note on Tuesday, January 20th. Hsbc Global Res upgraded Alphabet to a “strong-buy” rating in a research note on Tuesday, October 7th. Pivotal Research reiterated a “buy” rating and set a $400.00 target price (up from $350.00) on shares of Alphabet in a research report on Friday, December 5th. Finally, KeyCorp restated an “overweight” rating and issued a $360.00 price target on shares of Alphabet in a research report on Monday, January 26th. Eight analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $330.83.

View Our Latest Analysis on GOOG

Alphabet Trading Down 1.2%

Shares of GOOG stock opened at $340.70 on Wednesday. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $350.15. The stock’s fifty day moving average price is $321.78 and its two-hundred day moving average price is $269.04. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.75. The company has a market cap of $4.11 trillion, a PE ratio of 33.60, a P/E/G ratio of 2.08 and a beta of 1.10.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 8th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Monday, December 8th. Alphabet’s payout ratio is currently 8.28%.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

Alphabet Company 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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