OMNI 360 Wealth Inc. Has $298,000 Position in Alphabet Inc. (NASDAQ:GOOGL)

OMNI 360 Wealth Inc. grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 5.6% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,972 shares of the information services provider’s stock after buying an additional 105 shares during the period. OMNI 360 Wealth Inc.’s holdings in Alphabet were worth $298,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Journey Advisory Group LLC raised its position in Alphabet by 2.0% in the third 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 position in Alphabet by 19.6% in the third 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 position in Alphabet by 18.8% in the third 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 position in Alphabet by 1.0% in the third 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 position in Alphabet by 8.5% in the third 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. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. TD Cowen upped their price objective on shares of Alphabet from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Stifel Nicolaus reaffirmed a “buy” rating and set a $196.00 price objective on shares of Alphabet in a research note on Wednesday, May 15th. Susquehanna upped their price objective on shares of Alphabet from $170.00 to $225.00 and gave the stock a “positive” rating in a research note on Monday, April 29th. Loop Capital reaffirmed a “hold” rating and set a $170.00 price objective on shares of Alphabet in a research note on Wednesday, July 3rd. Finally, Argus upped their price objective on shares of Alphabet from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Six 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. According to data from MarketBeat, Alphabet has an average rating of “Moderate Buy” and a consensus target price of $193.66.

View Our Latest Stock Analysis on Alphabet

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $166.67, for a total transaction of $113,668.94. Following the sale, the chief accounting officer now directly owns 29,284 shares in the company, valued at $4,880,764.28. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Alphabet news, SVP Prabhakar Raghavan sold 3,262 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was 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 in the company, valued at $1,655.91. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $166.67, for a total value of $113,668.94. Following the sale, the chief accounting officer now owns 29,284 shares in the company, valued at approximately $4,880,764.28. The disclosure for this sale can be found here. Insiders have sold a total of 123,788 shares of company stock worth $21,143,403 over the last ninety days. Company insiders own 11.55% of the company’s stock.

Alphabet Trading Up 2.6 %

GOOGL opened at $190.60 on Monday. The firm’s fifty day moving average is $175.43 and its two-hundred day moving average is $156.24. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15. The firm has a market cap of $2.36 trillion, a PE ratio of 29.23, a price-to-earnings-growth 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.

Alphabet (NASDAQ:GOOGLGet Free Report) last issued 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 net margin of 25.90% and a return on equity of 29.52%. The business had revenue of $80.54 billion for the quarter, compared to analyst estimates of $66.04 billion. During the same period last year, the business posted $1.17 earnings per share. Equities research analysts anticipate that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Announces Dividend

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

See Also

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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