Oxford Wealth Group LLC Buys New Holdings in Alphabet Inc. (NASDAQ:GOOG)

Oxford Wealth Group LLC bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOG) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,058 shares of the information services provider’s stock, valued at approximately $466,000.

Several other institutional investors have also added to or reduced their stakes in GOOG. Partnership Wealth Management LLC purchased a new position in Alphabet during the 4th quarter valued at approximately $26,000. Equitec Proprietary Markets LLC purchased a new position in shares of Alphabet in the 4th quarter worth approximately $28,000. DiNuzzo Private Wealth Inc. purchased a new position in shares of Alphabet in the 4th quarter worth approximately $32,000. Pacific Capital Wealth Advisors Inc. purchased a new position in shares of Alphabet in the 4th quarter worth approximately $34,000. Finally, Richardson Financial Services Inc. purchased a new position in shares of Alphabet in the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insider Transactions at Alphabet

In other news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $182.84, for a total value of $4,113,900.00. Following the completion of the transaction, the chief executive officer now directly owns 2,204,885 shares of the company’s stock, valued at approximately $403,141,173.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $182.84, for a total value of $4,113,900.00. Following the completion of the transaction, the chief executive officer now directly owns 2,204,885 shares of the company’s stock, valued at approximately $403,141,173.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $168.08, for a total value of $252,120.00. Following the completion of the transaction, the director now directly owns 4,391 shares of the company’s stock, valued at $738,039.28. The disclosure for this sale can be found here. In the last three months, insiders sold 144,808 shares of company stock valued at $25,685,868. Corporate insiders own 12.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on GOOG shares. Morgan Stanley reiterated an “overweight” rating and issued a $165.00 target price on shares of Alphabet in a report on Thursday, April 11th. Oppenheimer lifted their target price on Alphabet from $205.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. TD Cowen lifted their target price on Alphabet from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Wolfe Research upgraded Alphabet to a “strong-buy” rating in a report on Tuesday, July 16th. Finally, Rosenblatt Securities cut Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price objective for the company. in a report on Friday, June 28th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Alphabet presently has an average rating of “Buy” and an average price target of $182.86.

Alphabet Stock Up 0.4 %

NASDAQ GOOG traded up $0.73 on Tuesday, reaching $171.86. 13,632,795 shares of the stock traded hands, compared to its average volume of 20,563,488. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08. The company has a fifty day moving average price of $180.27 and a 200-day moving average price of $162.43. The company has a market cap of $2.12 trillion, a price-to-earnings ratio of 26.36, a PEG ratio of 1.25 and a beta of 1.05. Alphabet Inc. has a 12 month low of $121.46 and a 12 month high of $193.31.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.04. The business had revenue of $84.74 billion during the quarter, compared to analyst estimates of $84.22 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. Alphabet’s revenue was up 13.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.44 EPS. As a group, research analysts forecast that Alphabet Inc. will post 7.62 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Monday, September 9th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.47%. The ex-dividend date is Monday, September 9th. Alphabet’s payout ratio is 12.27%.

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.