Mindset Wealth Management LLC Acquires 424 Shares of Alphabet Inc. (NASDAQ:GOOG)

Mindset Wealth Management LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 9.4% during the 4th quarter, Holdings Channel reports. The firm owned 4,923 shares of the information services provider’s stock after acquiring an additional 424 shares during the period. Alphabet comprises 0.3% of Mindset Wealth Management LLC’s investment portfolio, making the stock its 20th biggest position. Mindset Wealth Management LLC’s holdings in Alphabet were worth $937,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GOOG. Weiss Asset Management LP bought a new stake in shares of Alphabet during the 3rd quarter valued at $25,000. Fiduciary Advisors Inc. bought a new stake in shares of Alphabet during the 4th quarter valued at $27,000. Safe Harbor Fiduciary LLC purchased a new position in Alphabet during the third quarter valued at $33,000. Noble Wealth Management PBC purchased a new position in Alphabet during the fourth quarter valued at $43,000. Finally, FPC Investment Advisory Inc. grew its stake in Alphabet by 287.9% during the fourth quarter. FPC Investment Advisory Inc. now owns 225 shares of the information services provider’s stock valued at $46,000 after acquiring an additional 167 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on GOOG. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Alphabet in a research note on Wednesday. Wedbush reaffirmed an “outperform” rating and set a $220.00 target price on shares of Alphabet in a research note on Thursday, January 30th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. Morgan Stanley reissued an “overweight” rating on shares of Alphabet in a research note on Wednesday, February 5th. Finally, Rosenblatt Securities reissued a “neutral” rating on shares of Alphabet in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $209.13.

Alphabet Trading Down 0.7 %

NASDAQ GOOG opened at $165.05 on Friday. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The firm has a market cap of $2.01 trillion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. The company has a 50 day moving average price of $184.91 and a 200 day moving average price of $177.93. Alphabet Inc. has a 52 week low of $148.01 and a 52 week high of $208.70.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. As a group, sell-side analysts forecast that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.48%. The ex-dividend date was Monday, March 10th. Alphabet’s dividend payout ratio is presently 9.94%.

Insiders Place Their Bets

In other Alphabet news, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total transaction of $33,106.00. Following the sale, the director now owns 7,813 shares of the company’s stock, valued at approximately $1,293,285.89. The trade was a 2.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Amie Thuener O’toole sold 1,368 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $191.55, for a total transaction of $262,040.40. Following the completion of the sale, the chief accounting officer now directly owns 20,681 shares in the company, valued at $3,961,445.55. This trade represents a 6.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 93,048 shares of company stock valued at $17,374,274. Insiders own 12.99% of the company’s stock.

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.