RWA Wealth Partners LLC Purchases 65,288 Shares of Alphabet Inc. (NASDAQ:GOOG)

RWA Wealth Partners LLC boosted its position in Alphabet Inc. (NASDAQ:GOOG) by 68.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 161,173 shares of the information services provider’s stock after purchasing an additional 65,288 shares during the period. RWA Wealth Partners LLC’s holdings in Alphabet were worth $22,714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in GOOG. Tandem Wealth Advisors LLC bought a new stake in Alphabet in the third quarter worth about $25,000. Bruce G. Allen Investments LLC bought a new stake in shares of Alphabet during the fourth quarter valued at approximately $26,000. Equitec Proprietary Markets LLC purchased a new stake in shares of Alphabet in the fourth quarter valued at approximately $28,000. Buck Wealth Strategies LLC purchased a new stake in shares of Alphabet in the third quarter valued at approximately $32,000. Finally, Barometer Capital Management Inc. purchased a new stake in shares of Alphabet in the third quarter valued at approximately $32,000. Institutional investors own 27.26% of the company’s stock.

Insider Activity

In other news, Director Frances Arnold sold 230 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total transaction of $35,433.80. Following the sale, the director now directly owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Frances Arnold sold 230 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total transaction of $35,433.80. Following the sale, the director now directly owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Ruth Porat sold 48,077 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $137.22, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold 251,339 shares of company stock valued at $36,377,482 over the last ninety days. 12.99% of the stock is currently owned by insiders.

Alphabet Stock Performance

Shares of GOOG stock opened at $159.92 on Wednesday. The business’s fifty day simple moving average is $147.92 and its 200-day simple moving average is $142.27. The company has a market cap of $1.99 trillion, a PE ratio of 27.57, a PEG ratio of 1.46 and a beta of 1.05. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 12-month low of $103.27 and a 12-month high of $161.70.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The firm had revenue of $86.31 billion for the quarter, compared to analyst estimates of $85.28 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The business’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.05 earnings per share. Analysts expect that Alphabet Inc. will post 6.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on GOOG shares. Oppenheimer boosted their price target on Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Susquehanna boosted their price target on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. Raymond James boosted their price target on Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Morgan Stanley reissued an “overweight” rating and issued a $165.00 price objective on shares of Alphabet in a research note on Thursday, April 11th. Finally, Stifel Nicolaus boosted their price objective on shares of Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $159.86.

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.