Oakwell Private Wealth Management LLC Buys 713 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Oakwell Private Wealth Management LLC lifted its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 17.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,800 shares of the information services provider’s stock after purchasing an additional 713 shares during the period. Oakwell Private Wealth Management LLC’s holdings in Alphabet were worth $671,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Hexagon Capital Partners LLC lifted its position in shares of Alphabet by 2.1% in the 4th quarter. Hexagon Capital Partners LLC now owns 12,875 shares of the information services provider’s stock worth $1,799,000 after purchasing an additional 263 shares during the period. Hollow Brook Wealth Management LLC lifted its position in shares of Alphabet by 0.3% in the 4th quarter. Hollow Brook Wealth Management LLC now owns 45,959 shares of the information services provider’s stock worth $6,420,000 after purchasing an additional 135 shares during the period. Waycross Partners LLC lifted its position in shares of Alphabet by 9.5% in the 4th quarter. Waycross Partners LLC now owns 131,456 shares of the information services provider’s stock worth $18,363,000 after purchasing an additional 11,388 shares during the period. Parthenon LLC lifted its position in Alphabet by 0.7% during the fourth quarter. Parthenon LLC now owns 170,020 shares of the information services provider’s stock valued at $23,750,000 after acquiring an additional 1,215 shares during the last quarter. Finally, Hartford Funds Management Co LLC lifted its position in Alphabet by 19.7% during the fourth quarter. Hartford Funds Management Co LLC now owns 30,503 shares of the information services provider’s stock valued at $4,261,000 after acquiring an additional 5,017 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Stock Performance

GOOGL opened at $169.38 on Thursday. 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 company has a market cap of $2.09 trillion, a price-to-earnings ratio of 25.98, a PEG ratio of 1.28 and a beta of 1.02. Alphabet Inc. has a 52-week low of $107.19 and a 52-week high of $174.71. The firm’s fifty day simple moving average is $151.40 and its two-hundred day simple moving average is $142.83.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.40. The business had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $66.04 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. During the same period last year, the firm posted $1.17 earnings per share. Equities analysts anticipate that Alphabet Inc. will post 7.57 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Monday, June 10th. Alphabet’s payout ratio is 12.27%.

Insider Buying and Selling at Alphabet

In other news, SVP Prabhakar Raghavan sold 3,258 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $155.97, for a total value of $508,150.26. Following the transaction, the senior vice president now directly owns 144,685 shares of the company’s stock, valued at $22,566,519.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director John L. Hennessy sold 800 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $149.73, for a total value of $119,784.00. Following the transaction, the director now directly owns 7,164 shares of the company’s stock, valued at $1,072,665.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Prabhakar Raghavan sold 3,258 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $155.97, for a total transaction of $508,150.26. Following the completion of the transaction, the senior vice president now directly owns 144,685 shares in the company, valued at $22,566,519.45. The disclosure for this sale can be found here. Insiders have sold a total of 252,629 shares of company stock valued at $37,091,240 over the last ninety days. Corporate insiders own 0.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. KeyCorp increased their target price on shares of Alphabet from $165.00 to $175.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Argus increased their target price on shares of Alphabet from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Sanford C. Bernstein increased their target price on shares of Alphabet from $165.00 to $180.00 and gave the company a “market perform” rating in a research report on Friday, April 26th. Roth Mkm increased their target price on shares of Alphabet from $164.00 to $202.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Finally, Wolfe Research increased their target price on shares of Alphabet from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Five equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $190.60.

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.