One Wealth Capital Management LLC Purchases New Position in Alphabet Inc. (NASDAQ:GOOG)

One Wealth Capital Management LLC acquired a new stake in Alphabet Inc. (NASDAQ:GOOG) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 13,595 shares of the information services provider’s stock, valued at approximately $2,589,000. Alphabet comprises 1.3% of One Wealth Capital Management LLC’s investment portfolio, making the stock its 16th largest holding.

Other large investors have also recently bought and sold shares of the company. M&G PLC acquired a new position in shares of Alphabet during the 3rd quarter worth about $2,240,000. Coldstream Capital Management Inc. lifted its holdings in shares of Alphabet by 14.4% during the third quarter. Coldstream Capital Management Inc. now owns 116,776 shares of the information services provider’s stock worth $19,642,000 after buying an additional 14,738 shares during the last quarter. Metis Global Partners LLC boosted its position in shares of Alphabet by 1.4% in the third quarter. Metis Global Partners LLC now owns 301,980 shares of the information services provider’s stock valued at $50,488,000 after acquiring an additional 4,292 shares during the period. Stevens Capital Management LP grew its stake in shares of Alphabet by 172.9% in the third quarter. Stevens Capital Management LP now owns 91,237 shares of the information services provider’s stock worth $15,254,000 after acquiring an additional 57,810 shares during the last quarter. Finally, Verdence Capital Advisors LLC increased its position in Alphabet by 10.2% during the third quarter. Verdence Capital Advisors LLC now owns 63,545 shares of the information services provider’s stock worth $10,624,000 after acquiring an additional 5,892 shares during the period. 27.26% of the stock is currently owned by institutional investors.

Insider Activity

In other Alphabet news, Director Kavitark Ram Shriram sold 37,134 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total value of $6,870,532.68. Following the completion of the sale, the director now owns 282,832 shares in the company, valued at $52,329,576.64. This trade represents a 11.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $166.30, for a total value of $3,741,750.00. Following the transaction, the chief executive officer now owns 2,106,806 shares of the company’s stock, valued at $350,361,837.80. The trade was a 1.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 155,887 shares of company stock worth $27,996,356 over the last ninety days. Insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on GOOG. Wells Fargo & Company increased their price target on shares of Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. DA Davidson upgraded Alphabet to a “hold” rating in a research report on Tuesday, September 10th. UBS Group boosted their price objective on Alphabet from $187.00 to $192.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, Scotiabank began coverage on Alphabet in a research report on Friday, October 11th. They issued a “sector outperform” rating and a $212.00 target price for the company. Six analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $200.56.

Alphabet Trading Down 0.6 %

Shares of GOOG stock traded down $1.17 on Tuesday, reaching $196.79. The company had a trading volume of 11,813,486 shares, compared to its average volume of 15,196,203. The company has a 50-day moving average of $182.36 and a 200-day moving average of $174.11. Alphabet Inc. has a 12 month low of $131.55 and a 12 month high of $202.88. The stock has a market cap of $2.41 trillion, a PE ratio of 26.10, a PEG ratio of 1.34 and a beta of 0.99. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The company had revenue of $88.27 billion for the quarter, compared to analyst estimates of $86.39 billion. During the same quarter last year, the firm posted $1.55 earnings per share. Alphabet’s revenue was up 15.1% compared to the same quarter last year. On average, equities analysts forecast that Alphabet Inc. will post 8.02 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.80 annualized dividend and a dividend yield of 0.41%. Alphabet’s dividend payout ratio is currently 10.61%.

Alphabet Company 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.