Oakwell Private Wealth Management LLC Acquires 257 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Oakwell Private Wealth Management LLC boosted its position in Alphabet Inc. (NASDAQ:GOOGL) by 3.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,488 shares of the information services provider’s stock after purchasing an additional 257 shares during the period. Oakwell Private Wealth Management LLC’s holdings in Alphabet were worth $1,158,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. von Borstel & Associates Inc. bought a new position in shares of Alphabet in the first quarter valued at approximately $28,000. Financial Gravity Asset Management Inc. bought a new position in shares of Alphabet in the first quarter valued at approximately $39,000. Anderson Financial Strategies LLC bought a new position in shares of Alphabet in the fourth quarter valued at approximately $49,000. Navigoe LLC bought a new position in shares of Alphabet in the fourth quarter valued at approximately $51,000. Finally, Elite Financial Inc. bought a new position in shares of Alphabet in the first quarter valued at approximately $42,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. JMP Securities raised their target price on Alphabet from $220.00 to $225.00 and gave the company a “market outperform” rating in a report on Thursday, July 24th. Stifel Nicolaus increased their price target on Alphabet from $200.00 to $218.00 and gave the company a “buy” rating in a research report on Tuesday, July 22nd. Morgan Stanley increased their price target on Alphabet from $185.00 to $205.00 and gave the company an “overweight” rating in a research report on Monday, July 21st. Jefferies Financial Group decreased their price target on Alphabet from $235.00 to $200.00 and set a “buy” rating for the company in a research report on Monday, March 31st. Finally, Susquehanna increased their price target on Alphabet from $220.00 to $225.00 and gave the company a “positive” rating in a research report on Thursday, July 24th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and a consensus target price of $211.32.

Alphabet Stock Performance

GOOGL stock opened at $192.58 on Tuesday. The stock has a market capitalization of $2.34 trillion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 1.31 and a beta of 1.00. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $207.05. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. The stock’s 50 day simple moving average is $176.29 and its 200 day simple moving average is $172.79.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 8th will be given a $0.21 dividend. The ex-dividend date of this dividend is Monday, September 8th. This represents a $0.84 annualized dividend and a yield of 0.44%. Alphabet’s dividend payout ratio (DPR) is presently 8.95%.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $178.52, for a total value of $5,801,900.00. Following the transaction, the chief executive officer directly owned 2,559,892 shares of the company’s stock, valued at approximately $456,991,919.84. This represents a 1.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Kavitark Ram Shriram sold 18,566 shares of the company’s stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $185.76, for a total value of $3,448,820.16. Following the completion of the transaction, the director directly owned 243,400 shares in the company, valued at $45,213,984. This trade represents a 7.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 249,409 shares of company stock worth $43,523,710 over the last ninety days. 11.55% of the stock is currently owned by insiders.

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.