Oxinas Partners Wealth Management LLC Has $3.82 Million Stake in Alphabet Inc. (NASDAQ:GOOG)

Oxinas Partners Wealth Management LLC grew its position in Alphabet Inc. (NASDAQ:GOOGFree Report) by 6.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 20,038 shares of the information services provider’s stock after purchasing an additional 1,258 shares during the period. Alphabet accounts for about 2.2% of Oxinas Partners Wealth Management LLC’s portfolio, making the stock its 14th largest holding. Oxinas Partners Wealth Management LLC’s holdings in Alphabet were worth $3,816,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Abich Financial Wealth Management LLC boosted its stake in shares of Alphabet by 9,200.0% in the second quarter. Abich Financial Wealth Management LLC now owns 186 shares of the information services provider’s stock valued at $34,000 after buying an additional 184 shares during the period. AQR Capital Management LLC boosted its stake in shares of Alphabet by 2.4% in the second quarter. AQR Capital Management LLC now owns 2,752,699 shares of the information services provider’s stock valued at $504,900,000 after buying an additional 65,058 shares during the period. Employees Retirement System of Texas boosted its stake in shares of Alphabet by 4.4% in the second quarter. Employees Retirement System of Texas now owns 1,404,515 shares of the information services provider’s stock valued at $257,616,000 after buying an additional 59,515 shares during the period. Drucker Wealth 3.0 LLC bought a new stake in shares of Alphabet in the second quarter valued at approximately $2,628,000. Finally, DSM Capital Partners LLC boosted its stake in shares of Alphabet by 407.8% in the second quarter. DSM Capital Partners LLC now owns 914 shares of the information services provider’s stock valued at $168,000 after buying an additional 734 shares during the period. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Amie Thuener O’toole sold 1,367 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $171.42, for a total value of $234,331.14. Following the completion of the sale, the chief accounting officer now directly owns 26,349 shares in the company, valued at $4,516,745.58. This trade represents a 4.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider John Kent Walker sold 16,820 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $192.62, for a total value of $3,239,868.40. Following the completion of the sale, the insider now owns 43,981 shares of the company’s stock, valued at approximately $8,471,620.22. This represents a 27.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 133,387 shares of company stock worth $24,368,654. Company insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Wells Fargo & Company boosted their price target on Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Citigroup upped their target price on Alphabet from $212.00 to $216.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Phillip Securities upgraded Alphabet to a “strong-buy” rating in a research note on Friday, November 1st. Barclays upped their target price on Alphabet from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. upped their target price on Alphabet from $208.00 to $212.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Six equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus target price of $200.56.

Read Our Latest Report on Alphabet

Alphabet Stock Performance

NASDAQ GOOG opened at $199.58 on Friday. The company has a market capitalization of $2.44 trillion, a price-to-earnings ratio of 26.47, a PEG ratio of 1.27 and a beta of 0.99. Alphabet Inc. has a twelve month low of $131.55 and a twelve month high of $203.84. The stock has a fifty day simple moving average of $186.95 and a 200 day simple moving average of $175.06. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOGGet Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. The business had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $86.39 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. Alphabet’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.55 earnings per share. Sell-side analysts expect that Alphabet Inc. will post 8.03 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were issued a dividend of $0.20 per share. The ex-dividend date was Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.40%. Alphabet’s payout ratio is currently 10.61%.

About Alphabet

(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:GOOG)

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