DKM Wealth Management Inc. Invests $405,000 in Alphabet Inc. (NASDAQ:GOOGL)

DKM Wealth Management Inc. bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,142 shares of the information services provider's stock, valued at approximately $405,000.

Several other hedge funds also recently modified their holdings of the business. Compass Planning Associates Inc bought a new position in Alphabet during the 4th quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd. increased its stake in Alphabet by 518.8% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock valued at $37,000 after purchasing an additional 166 shares in the last quarter. Fiduciary Advisors Inc. acquired a new stake in Alphabet in the fourth quarter worth $39,000. PayPay Securities Corp boosted its position in shares of Alphabet by 36.1% during the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock worth $46,000 after purchasing an additional 65 shares in the last quarter. Finally, Denver PWM LLC grew its holdings in shares of Alphabet by 25.4% in the 3rd quarter. Denver PWM LLC now owns 281 shares of the information services provider's stock valued at $47,000 after buying an additional 57 shares during the period. Institutional investors own 40.03% of the company's stock.

Alphabet Stock Performance

Shares of NASDAQ:GOOGL traded up $4.32 on Friday, hitting $157.14. The company had a trading volume of 33,590,459 shares, compared to its average volume of 28,213,740. The stock has a market cap of $1.92 trillion, a price-to-earnings ratio of 19.52, a P/E/G ratio of 1.34 and a beta of 1.03. The stock has a 50 day moving average price of $168.52 and a 200 day moving average price of $176.31. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $207.05. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating analysts' consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. Analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a dividend of $0.20 per share. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.51%. Alphabet's payout ratio is currently 9.94%.

Insider Activity at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total value of $5,153,200.00. Following the completion of the sale, the chief executive officer now owns 2,717,696 shares of the company's stock, valued at approximately $430,917,877.76. The trade was a 1.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John L. Hennessy sold 1,500 shares of the firm's stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $189.80, for a total transaction of $284,700.00. Following the transaction, the director now directly owns 21,824 shares in the company, valued at approximately $4,142,195.20. This represents a 6.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 119,797 shares of company stock worth $21,089,470 in the last ninety days. 11.55% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GOOGL. DA Davidson raised their price objective on Alphabet from $190.00 to $200.00 and gave the stock a "neutral" rating in a research note on Friday, January 24th. Citizens Jmp lowered Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. Wolfe Research boosted their price objective on Alphabet from $220.00 to $230.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. Roth Mkm reissued a "buy" rating and set a $220.00 target price on shares of Alphabet in a research note on Wednesday, March 19th. Finally, UBS Group set a $190.00 price target on shares of Alphabet in a research note on Thursday, March 27th. Ten research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $206.51.

Alphabet Company 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.