Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by One Wealth Management Investment & Advisory Services LLC

One Wealth Management Investment & Advisory Services LLC cut its stake in Alphabet Inc. (NASDAQ:GOOGL) by 0.6% in the fourth quarter, HoldingsChannel reports. The fund owned 19,175 shares of the information services provider’s stock after selling 122 shares during the period. Alphabet accounts for approximately 5.8% of One Wealth Management Investment & Advisory Services LLC’s investment portfolio, making the stock its 7th largest holding. One Wealth Management Investment & Advisory Services LLC’s holdings in Alphabet were worth $3,630,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. LMR Partners LLP acquired a new position in Alphabet in the third quarter valued at approximately $32,000. Denver PWM LLC raised its stake in shares of Alphabet by 25.4% during the 3rd quarter. Denver PWM LLC now owns 281 shares of the information services provider’s stock worth $47,000 after buying an additional 57 shares during the period. Quarry LP acquired a new position in shares of Alphabet during the 2nd quarter worth approximately $53,000. Teachers Insurance & Annuity Association of America acquired a new position in shares of Alphabet during the 3rd quarter worth approximately $66,000. Finally, Mendota Financial Group LLC raised its stake in shares of Alphabet by 19.0% during the 3rd quarter. Mendota Financial Group LLC now owns 401 shares of the information services provider’s stock worth $67,000 after buying an additional 64 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GOOGL has been the subject of several research analyst reports. Robert W. Baird reaffirmed an “outperform” rating and set a $205.00 target price on shares of Alphabet in a research note on Tuesday, December 10th. Needham & Company LLC upped their target price on Alphabet from $210.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday. Wedbush upped their target price on Alphabet from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Monday, January 6th. China Renaissance upgraded Alphabet from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Finally, Morgan Stanley boosted their price target on Alphabet from $205.00 to $215.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Nine analysts have rated the stock with a hold rating, thirty have given a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $209.82.

Alphabet Price Performance

GOOGL stock opened at $195.41 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The firm has a market capitalization of $2.39 trillion, a P/E ratio of 25.92, a P/E/G ratio of 1.27 and a beta of 0.98. The business’s 50-day moving average is $187.14 and its two-hundred day moving average is $173.69. Alphabet Inc. has a 1 year low of $130.66 and a 1 year high of $202.29.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. The company had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same quarter last year, the company earned $1.55 EPS. Analysts anticipate that Alphabet Inc. will post 8.02 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 2,834 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $194.32, for a total value of $550,702.88. Following the transaction, the chief accounting officer now owns 17,847 shares in the company, valued at approximately $3,468,029.04. This represents a 13.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John Kent Walker sold 16,820 shares of the 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 transaction, the insider now owns 43,981 shares in the company, valued at approximately $8,471,620.22. The trade was a 27.66 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 122,887 shares of company stock worth $22,470,464. 11.55% of the stock is currently owned by insiders.

About Alphabet

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.