3,058 Shares in Alphabet Inc. (NASDAQ:GOOG) Purchased by Oxford Wealth Group LLC

Oxford Wealth Group LLC bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOG) in the 1st quarter, Holdings Channel.com reports. The fund bought 3,058 shares of the information services provider’s stock, valued at approximately $466,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Partnership Wealth Management LLC acquired a new position in shares of Alphabet during the 4th quarter worth approximately $26,000. Equitec Proprietary Markets LLC acquired a new position in shares of Alphabet during the 4th quarter worth approximately $28,000. DiNuzzo Private Wealth Inc. acquired a new position in shares of Alphabet during the 4th quarter worth approximately $32,000. Richardson Financial Services Inc. acquired a new position in shares of Alphabet during the 4th quarter worth approximately $34,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new position in shares of Alphabet during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Trading Up 0.4 %

GOOG stock traded up $0.73 during midday trading on Tuesday, hitting $171.86. The stock had a trading volume of 13,632,795 shares, compared to its average volume of 20,563,488. The firm has a market cap of $2.12 trillion, a PE ratio of 26.36, a price-to-earnings-growth ratio of 1.25 and a beta of 1.05. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08. Alphabet Inc. has a 12-month low of $121.46 and a 12-month high of $193.31. The company’s 50-day moving average price is $180.27 and its 200 day moving average price is $162.43.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.04. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The company had revenue of $84.74 billion during the quarter, compared to analysts’ expectations of $84.22 billion. During the same period in the previous year, the company earned $1.44 EPS. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. On average, equities research analysts predict that Alphabet Inc. will post 7.62 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, September 16th. Stockholders of record on Monday, September 9th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, September 9th. This represents a $0.80 annualized dividend and a dividend yield of 0.47%. Alphabet’s dividend payout ratio is presently 12.27%.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $166.67, for a total transaction of $113,668.94. Following the completion of the sale, the chief accounting officer now directly owns 29,284 shares of the company’s stock, valued at approximately $4,880,764.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $166.67, for a total transaction of $113,668.94. Following the completion of the sale, the chief accounting officer now directly owns 29,284 shares of the company’s stock, valued at approximately $4,880,764.28. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 1,500 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $168.08, for a total transaction of $252,120.00. Following the sale, the director now directly owns 4,391 shares of the company’s stock, valued at $738,039.28. The disclosure for this sale can be found here. Insiders sold 144,808 shares of company stock valued at $25,685,868 in the last ninety days. Company insiders own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Stifel Nicolaus lifted their price objective on Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Rosenblatt Securities downgraded Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price objective for the company. in a research report on Friday, June 28th. TD Cowen lifted their price objective on Alphabet from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Wolfe Research upgraded Alphabet to a “strong-buy” rating in a research report on Tuesday, July 16th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $165.00 target price on shares of Alphabet in a research note on Thursday, April 11th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Alphabet has an average rating of “Buy” and an average target price of $182.86.

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.