One Wealth Capital Management LLC Buys Shares of 9,263 Alphabet Inc. (NASDAQ:GOOGL)

One Wealth Capital Management LLC bought a new position in shares of Alphabet Inc. (NASDAQ:GOOGL) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 9,263 shares of the information services provider’s stock, valued at approximately $1,753,000. Alphabet accounts for about 0.9% of One Wealth Capital Management LLC’s holdings, making the stock its 22nd biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. LMR Partners LLP acquired a new position in Alphabet during the third quarter worth approximately $32,000. Kings Path Partners LLC acquired a new position in Alphabet during the 2nd quarter worth approximately $36,000. Denver PWM LLC purchased a new stake in shares of Alphabet during the 2nd quarter worth $41,000. Quarry LP purchased a new stake in shares of Alphabet during the 2nd quarter worth approximately $53,000. Finally, Teachers Insurance & Annuity Association of America acquired a new stake in Alphabet in the third quarter valued at $66,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. China Renaissance raised Alphabet from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Citizens Jmp lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Wolfe Research raised their target price on shares of Alphabet from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday. Morgan Stanley boosted their target price on Alphabet from $190.00 to $205.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, Truist Financial upped their price target on Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating, thirty have given a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $206.82.

Alphabet Stock Performance

Shares of NASDAQ:GOOGL traded down $1.34 during trading on Tuesday, reaching $195.53. The company had a trading volume of 20,434,217 shares, compared to its average volume of 21,837,266. The firm has a market capitalization of $2.39 trillion, a price-to-earnings ratio of 25.93, a price-to-earnings-growth ratio of 1.35 and a beta of 0.98. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. Alphabet Inc. has a fifty-two week low of $130.66 and a fifty-two week high of $201.42. The stock’s fifty day moving average price is $180.84 and its 200 day moving average price is $172.60.

Alphabet (NASDAQ:GOOGL) last posted its 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 the consensus estimate of $72.85 billion. During the same period in the previous year, the business earned $1.55 earnings per share. As a group, equities research analysts predict that Alphabet Inc. will post 8.01 EPS for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend was Monday, December 9th. Alphabet’s dividend payout ratio (DPR) is presently 10.61%.

Insider Buying and Selling

In other Alphabet news, Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $164.95, for a total value of $247,425.00. Following the sale, the director now directly owns 26,324 shares in the company, valued at approximately $4,342,143.80. The trade was a 5.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,368 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $191.55, for a total value of $262,040.40. Following the sale, the chief accounting officer now directly owns 20,681 shares of the company’s stock, valued at approximately $3,961,445.55. This represents a 6.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 155,887 shares of company stock valued at $27,996,356. Corporate insiders own 11.55% of the company’s stock.

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.