Momentous Wealth Management Inc. acquired a new position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,718 shares of the information services provider's stock, valued at approximately $708,000. Alphabet makes up approximately 0.6% of Momentous Wealth Management Inc.'s portfolio, making the stock its 15th largest holding.
A number of other institutional investors have also recently bought and sold shares of GOOG. Raymond James Financial Inc. acquired a new stake in shares of Alphabet during the 4th quarter valued at about $1,551,533,000. GQG Partners LLC raised its position in Alphabet by 181,679.1% during the fourth quarter. GQG Partners LLC now owns 7,225,721 shares of the information services provider's stock valued at $1,376,066,000 after acquiring an additional 7,221,746 shares in the last quarter. FMR LLC lifted its stake in Alphabet by 5.2% in the third quarter. FMR LLC now owns 114,802,133 shares of the information services provider's stock valued at $19,193,768,000 after acquiring an additional 5,655,022 shares during the last quarter. Proficio Capital Partners LLC increased its stake in shares of Alphabet by 5,712.8% during the 4th quarter. Proficio Capital Partners LLC now owns 4,367,831 shares of the information services provider's stock worth $831,810,000 after purchasing an additional 4,292,689 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Alphabet by 10.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 33,334,082 shares of the information services provider's stock valued at $5,573,125,000 after purchasing an additional 3,113,395 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company's stock.
Insiders Place Their Bets
In other news, insider John Kent Walker sold 16,820 shares of the company'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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O'toole sold 1,368 shares of Alphabet stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $191.55, for a total transaction of $262,040.40. Following the transaction, the chief accounting officer now directly owns 20,681 shares of the company's stock, valued at $3,961,445.55. This represents a 6.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 93,048 shares of company stock worth $17,374,274 over the last three months. 12.99% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
GOOG has been the subject of a number of recent research reports. Wedbush reiterated an "outperform" rating and issued a $220.00 price objective on shares of Alphabet in a report on Thursday, January 30th. The Goldman Sachs Group reissued a "buy" rating on shares of Alphabet in a report on Wednesday, February 5th. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Alphabet in a research report on Wednesday, March 19th. Morgan Stanley reissued an "overweight" rating on shares of Alphabet in a research report on Wednesday, February 5th. Finally, Oppenheimer upped their price objective on shares of Alphabet from $215.00 to $225.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $209.13.
Read Our Latest Stock Report on GOOG
Alphabet Price Performance
Shares of Alphabet stock traded up $2.86 during trading on Tuesday, hitting $172.79. 13,811,344 shares of the company's stock traded hands, compared to its average volume of 17,855,898. The company has a market cap of $2.11 trillion, a PE ratio of 21.46, a PEG ratio of 1.34 and a beta of 1.03. The firm's fifty day moving average price is $183.56 and its 200 day moving average price is $178.44. Alphabet Inc. has a twelve month low of $148.20 and a twelve month high of $208.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84.
Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating analysts' consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current year.
Alphabet Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date was Monday, March 10th. Alphabet's dividend payout ratio (DPR) is 9.94%.
Alphabet Company Profile
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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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