Wealth Dimensions Group Ltd. Has $1.07 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Wealth Dimensions Group Ltd. boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 1.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 12,048 shares of the information services provider’s stock after acquiring an additional 168 shares during the period. Wealth Dimensions Group Ltd.’s holdings in Alphabet were worth $1,069,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of GOOG. Snider Financial Group grew its holdings in shares of Alphabet by 8.6% in the 4th quarter. Snider Financial Group now owns 67,930 shares of the information services provider’s stock valued at $6,027,000 after buying an additional 5,402 shares during the period. J.Safra Asset Management Corp lifted its position in Alphabet by 940.6% during the 4th quarter. J.Safra Asset Management Corp now owns 4,100 shares of the information services provider’s stock worth $363,000 after buying an additional 3,706 shares in the last quarter. Wade G W & Inc. lifted its position in Alphabet by 16.0% during the 4th quarter. Wade G W & Inc. now owns 150,918 shares of the information services provider’s stock worth $13,391,000 after buying an additional 20,859 shares in the last quarter. JSF Financial LLC lifted its position in Alphabet by 12.8% during the 4th quarter. JSF Financial LLC now owns 8,316 shares of the information services provider’s stock worth $738,000 after buying an additional 946 shares in the last quarter. Finally, Continuum Advisory LLC lifted its position in Alphabet by 7.4% during the 4th quarter. Continuum Advisory LLC now owns 39,000 shares of the information services provider’s stock worth $3,355,000 after buying an additional 2,701 shares in the last quarter. Institutional investors and hedge funds own 28.69% of the company’s stock.

Insider Activity

In related news, SVP Prabhakar Raghavan sold 32,379 shares of the company’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $103.46, for a total transaction of $3,349,931.34. Following the sale, the senior vice president now owns 76,580 shares of the company’s stock, valued at approximately $7,922,966.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Alphabet news, SVP Prabhakar Raghavan sold 32,379 shares of the business’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $103.46, for a total value of $3,349,931.34. Following the completion of the transaction, the senior vice president now owns 76,580 shares of the company’s stock, valued at approximately $7,922,966.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 100,772 shares of the company’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $14.13, for a total transaction of $1,423,908.36. Following the completion of the sale, the insider now directly owns 11,421,476 shares of the company’s stock, valued at approximately $161,385,455.88. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 732,217 shares of company stock valued at $21,135,371 and have sold 753,384 shares valued at $30,574,577. Insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

GOOG stock traded up $1.29 during mid-day trading on Friday, hitting $125.64. The company had a trading volume of 14,089,388 shares, compared to its average volume of 29,777,789. The firm has a market cap of $1.60 trillion, a PE ratio of 27.53, a price-to-earnings-growth ratio of 1.55 and a beta of 1.10. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.32 and a current ratio of 2.35. Alphabet Inc. has a 12 month low of $83.45 and a 12 month high of $127.05. The stock’s fifty day moving average price is $109.26 and its two-hundred day moving average price is $99.67.

Alphabet (NASDAQ:GOOG – Get Rating) last announced its quarterly earnings data on Tuesday, April 25th. The information services provider reported $1.17 EPS for the quarter, topping the consensus estimate of $1.06 by $0.11. The business had revenue of $69.79 billion for the quarter, compared to analyst estimates of $68.80 billion. Alphabet had a net margin of 20.58% and a return on equity of 22.84%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.23 earnings per share. On average, analysts forecast that Alphabet Inc. will post 5.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on GOOG shares. Oppenheimer cut their price target on shares of Alphabet from $155.00 to $135.00 in a research report on Monday, April 24th. Roth Capital reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, February 3rd. Deutsche Bank Aktiengesellschaft upped their target price on shares of Alphabet from $120.00 to $125.00 in a report on Wednesday, April 26th. Piper Sandler dropped their target price on shares of Alphabet from $122.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, February 3rd. Finally, Robert W. Baird increased their price target on shares of Alphabet from $120.00 to $123.00 in a report on Wednesday, April 26th. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $132.80.

About Alphabet

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Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.