16,336 Shares in Alphabet Inc. (NASDAQ:GOOG) Acquired by One Wealth Management Investment & Advisory Services LLC

One Wealth Management Investment & Advisory Services LLC purchased a new position in Alphabet Inc. (NASDAQ:GOOG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 16,336 shares of the information services provider's stock, valued at approximately $2,302,000. Alphabet makes up about 1.0% of One Wealth Management Investment & Advisory Services LLC's portfolio, making the stock its 17th biggest holding.

A number of other large investors also recently added to or reduced their stakes in the stock. Tandem Wealth Advisors LLC acquired a new position in Alphabet in the 3rd quarter valued at $25,000. Bruce G. Allen Investments LLC acquired a new stake in shares of Alphabet in the fourth quarter valued at about $26,000. HWG Holdings LP purchased a new position in shares of Alphabet in the second quarter worth about $26,000. Intrepid Capital Management Inc. acquired a new position in Alphabet during the second quarter worth about $31,000. Finally, Buck Wealth Strategies LLC acquired a new stake in Alphabet in the 3rd quarter valued at about $32,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 660 shares of the business's stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total value of $94,769.40. Following the sale, the chief accounting officer now owns 27,920 shares of the company's stock, valued at $4,009,032.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Ruth Porat sold 48,077 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $137.22, for a total value of $6,597,125.94. Following the sale, the chief financial officer now directly owns 1,777,106 shares in the company, valued at $243,854,485.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Amie Thuener O'toole sold 660 shares of the business's stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total value of $94,769.40. Following the transaction, the chief accounting officer now directly owns 27,920 shares of the company's stock, valued at $4,009,032.80. The disclosure for this sale can be found here. Insiders sold a total of 250,539 shares of company stock worth $35,906,259 over the last three months. Insiders own 12.99% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on GOOG shares. Oppenheimer boosted their target price on Alphabet from $172.00 to $185.00 and gave the stock an "outperform" rating in a report on Monday. Susquehanna upped their target price on Alphabet from $150.00 to $170.00 and gave the company a "positive" rating in a report on Wednesday, January 31st. Finally, Raymond James lifted their price target on Alphabet from $150.00 to $160.00 and gave the stock an "outperform" rating in a report on Wednesday, January 24th.

Alphabet Trading Down 0.3 %

GOOG traded down $0.48 during trading hours on Wednesday, reaching $157.66. The company's stock had a trading volume of 16,329,874 shares, compared to its average volume of 22,686,111. The stock has a market cap of $1.96 trillion, a PE ratio of 27.18, a P/E/G ratio of 1.44 and a beta of 1.05. Alphabet Inc. has a fifty-two week low of $103.27 and a fifty-two week high of $159.89. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. The business's 50-day moving average is $145.83 and its 200-day moving average is $140.70.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, topping analysts' consensus estimates of $1.60 by $0.04. The business had revenue of $86.31 billion during the quarter, compared to analysts' expectations of $85.28 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The company's revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.05 EPS. As a group, equities research analysts predict that Alphabet Inc. will post 6.77 earnings per share for the current fiscal year.

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.