1,558 Shares in Alphabet Inc. (NASDAQ:GOOGL) Purchased by Wiser Wealth Management Inc

Wiser Wealth Management Inc acquired a new position in Alphabet Inc. (NASDAQ:GOOGLFree Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,558 shares of the information services provider’s stock, valued at approximately $235,000. Alphabet makes up 0.1% of Wiser Wealth Management Inc’s portfolio, making the stock its 29th largest position.

Several other hedge funds have also recently bought and sold shares of the business. Journey Advisory Group LLC raised its stake in shares of Alphabet by 2.0% during the 3rd quarter. Journey Advisory Group LLC now owns 18,689 shares of the information services provider’s stock worth $2,446,000 after purchasing an additional 370 shares in the last quarter. Advisors Capital Management LLC raised its stake in shares of Alphabet by 19.6% during the 3rd quarter. Advisors Capital Management LLC now owns 319,313 shares of the information services provider’s stock worth $41,785,000 after purchasing an additional 52,360 shares in the last quarter. American Trust raised its stake in shares of Alphabet by 18.8% during the 3rd quarter. American Trust now owns 9,306 shares of the information services provider’s stock worth $1,218,000 after purchasing an additional 1,470 shares in the last quarter. Spouting Rock Asset Management LLC raised its stake in shares of Alphabet by 1.0% during the 3rd quarter. Spouting Rock Asset Management LLC now owns 38,882 shares of the information services provider’s stock worth $5,088,000 after purchasing an additional 388 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC raised its stake in shares of Alphabet by 8.5% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 1,422 shares of the information services provider’s stock worth $186,000 after purchasing an additional 111 shares in the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Citigroup raised their price target on Alphabet from $168.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Robert W. Baird increased their price objective on Alphabet from $160.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, April 26th. JMP Securities reissued a “market outperform” rating and set a $200.00 price objective on shares of Alphabet in a report on Wednesday, May 15th. Loop Capital reissued a “hold” rating and set a $170.00 price objective on shares of Alphabet in a report on Wednesday, July 3rd. Finally, Evercore ISI raised their target price on Alphabet from $220.00 to $225.00 and gave the company an “outperform” rating in a report on Tuesday, June 11th. Six equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and a consensus price target of $193.66.

View Our Latest Report on GOOGL

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $166.67, for a total value of $113,668.94. Following the completion of the transaction, the chief accounting officer now directly owns 29,284 shares of the company’s stock, valued at $4,880,764.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $166.67, for a total value of $113,668.94. Following the completion of the transaction, the chief accounting officer now directly owns 29,284 shares of the company’s stock, valued at $4,880,764.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Prabhakar Raghavan sold 3,262 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $183.99, for a total value of $600,175.38. Following the completion of the transaction, the senior vice president now directly owns 9 shares of the company’s stock, valued at $1,655.91. The disclosure for this sale can be found here. Insiders sold a total of 123,788 shares of company stock valued at $21,143,403 over the last three months. Company insiders own 11.55% of the company’s stock.

Alphabet Trading Up 2.6 %

GOOGL stock opened at $190.60 on Monday. The company has a market cap of $2.36 trillion, a P/E ratio of 29.23, a PEG ratio of 1.43 and a beta of 1.05. Alphabet Inc. has a twelve month low of $115.35 and a twelve month high of $190.86. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05. The business has a fifty day moving average of $175.43 and a 200-day moving average of $156.24.

Alphabet (NASDAQ:GOOGLGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The business had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $66.04 billion. During the same period in the previous year, the firm earned $1.17 earnings per share. As a group, equities research analysts expect that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 10th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, June 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.42%. Alphabet’s dividend payout ratio (DPR) is presently 12.27%.

Alphabet Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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