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

One Wealth Advisors LLC raised its position in Alphabet Inc. (NASDAQ:GOOGFree Report) by 6.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,985 shares of the information services provider’s stock after purchasing an additional 1,951 shares during the quarter. Alphabet accounts for about 1.0% of One Wealth Advisors LLC’s holdings, making the stock its 27th biggest holding. One Wealth Advisors LLC’s holdings in Alphabet were worth $7,790,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC raised its stake in shares of Alphabet by 5.6% during the fourth quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock valued at $22,901,000 after acquiring an additional 6,410 shares during the last quarter. Segment Wealth Management LLC grew its stake in shares of Alphabet by 3.3% in the second quarter. Segment Wealth Management LLC now owns 44,739 shares of the information services provider’s stock worth $7,936,000 after purchasing an additional 1,437 shares during the last quarter. Wallington Asset Management LLC increased its holdings in Alphabet by 0.6% in the second quarter. Wallington Asset Management LLC now owns 85,356 shares of the information services provider’s stock valued at $15,141,000 after purchasing an additional 490 shares during the period. ZWJ Investment Counsel Inc. raised its position in Alphabet by 4.5% during the 2nd quarter. ZWJ Investment Counsel Inc. now owns 483,518 shares of the information services provider’s stock worth $85,771,000 after purchasing an additional 20,798 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its holdings in Alphabet by 1.7% during the 2nd quarter. QRG Capital Management Inc. now owns 888,597 shares of the information services provider’s stock worth $157,628,000 after buying an additional 15,155 shares during the period. 27.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on GOOG shares. Citigroup reissued a “market outperform” rating on shares of Alphabet in a research note on Wednesday, December 17th. Mizuho set a $325.00 price target on shares of Alphabet in a report on Thursday, October 30th. Oppenheimer boosted their price target on shares of Alphabet from $300.00 to $345.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Wolfe Research increased their price objective on shares of Alphabet from $290.00 to $350.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Finally, TD Cowen restated a “buy” rating on shares of Alphabet in a report on Tuesday, January 13th. Eight research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $330.83.

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Key Alphabet News

Here are the key news stories impacting Alphabet this week:

Insider Buying and Selling at Alphabet

In other news, insider John Kent Walker sold 17,829 shares of the business’s stock in a transaction dated Tuesday, December 30th. The shares were sold at an average price of $314.89, for a total transaction of $5,614,173.81. Following the completion of the sale, the insider directly owned 42,972 shares of the company’s stock, valued at $13,531,453.08. The trade was a 29.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Amie Thuener O’toole sold 2,778 shares of the company’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $312.30, for a total transaction of $867,569.40. Following the completion of the sale, the chief accounting officer owned 8,962 shares in the company, valued at $2,798,832.60. This represents a 23.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,037,964 shares of company stock valued at $95,259,727 over the last three months. Corporate insiders own 12.99% of the company’s stock.

Alphabet Stock Down 1.2%

Alphabet stock opened at $340.70 on Wednesday. The company has a market capitalization of $4.11 trillion, a PE ratio of 33.60, a PEG ratio of 2.08 and a beta of 1.10. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $350.15. The firm’s fifty day moving average is $321.78 and its 200 day moving average is $269.04. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.06.

Alphabet Announces Dividend

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

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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