Oxford Wealth Group LLC Boosts Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Oxford Wealth Group LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 7.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,980 shares of the information services provider’s stock after purchasing an additional 1,296 shares during the period. Alphabet comprises approximately 2.3% of Oxford Wealth Group LLC’s holdings, making the stock its 11th largest holding. Oxford Wealth Group LLC’s holdings in Alphabet were worth $3,593,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Principal Financial Group Inc. raised its holdings in shares of Alphabet by 3.1% in the third quarter. Principal Financial Group Inc. now owns 11,283,594 shares of the information services provider’s stock valued at $1,871,384,000 after acquiring an additional 337,031 shares in the last quarter. Passumpsic Savings Bank raised its stake in Alphabet by 38.0% in the third quarter. Passumpsic Savings Bank now owns 4,700 shares of the information services provider’s stock worth $779,000 after buying an additional 1,294 shares in the last quarter. SOA Wealth Advisors LLC. lifted its holdings in Alphabet by 0.5% during the third quarter. SOA Wealth Advisors LLC. now owns 37,379 shares of the information services provider’s stock worth $6,199,000 after buying an additional 202 shares during the period. SkyView Investment Advisors LLC boosted its position in Alphabet by 6.0% during the 3rd quarter. SkyView Investment Advisors LLC now owns 2,306 shares of the information services provider’s stock valued at $382,000 after acquiring an additional 130 shares in the last quarter. Finally, Te Ahumairangi Investment Management Ltd increased its holdings in shares of Alphabet by 19.2% in the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 137,669 shares of the information services provider’s stock valued at $22,703,000 after acquiring an additional 22,169 shares during the period. 40.03% of the stock is currently owned by institutional investors.

Alphabet Stock Performance

Shares of GOOGL stock opened at $151.47 on Wednesday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $207.05. The business’s 50 day moving average is $163.72 and its two-hundred day moving average is $175.61. The company has a market capitalization of $1.85 trillion, a P/E ratio of 18.82, a P/E/G ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.53%. Alphabet’s dividend payout ratio is currently 9.94%.

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $156.16, for a total value of $5,075,200.00. Following the transaction, the chief executive officer now owns 2,685,196 shares in the company, valued at approximately $419,320,207.36. This trade represents a 1.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the sale, the director now directly owns 7,813 shares in the company, valued at approximately $1,293,285.89. This trade represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 148,163 shares of company stock worth $25,361,647 in the last 90 days. Insiders own 11.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Roth Mkm restated a “buy” rating and set a $220.00 price objective on shares of Alphabet in a research note on Wednesday, March 19th. Wedbush set a $190.00 price objective on shares of Alphabet and gave the stock an “outperform” rating in a research report on Tuesday, April 15th. Stifel Nicolaus increased their target price on shares of Alphabet from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, January 13th. DA Davidson lowered their target price on shares of Alphabet from $200.00 to $160.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Finally, Cantor Fitzgerald reduced their price target on Alphabet from $200.00 to $159.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 16th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $200.74.

About Alphabet

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.