Alphabet Inc. (NASDAQ:GOOG) Shares Acquired by OneAscent Financial Services LLC

OneAscent Financial Services LLC grew its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 52.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,597 shares of the information services provider’s stock after acquiring an additional 2,952 shares during the quarter. OneAscent Financial Services LLC’s holdings in Alphabet were worth $1,637,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GOOG. Weiss Asset Management LP purchased a new stake in shares of Alphabet during the 3rd quarter valued at about $25,000. Fiduciary Advisors Inc. acquired a new position in Alphabet in the 4th quarter worth $27,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Alphabet during the third quarter valued at about $33,000. WealthTrak Capital Management LLC bought a new stake in shares of Alphabet in the 4th quarter worth about $38,000. Finally, Mountain Hill Investment Partners Corp. acquired a new stake in shares of Alphabet in the 4th quarter valued at about $39,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider John Kent Walker sold 17,690 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $185.51, for a total value of $3,281,671.90. Following the completion of the transaction, the insider now owns 43,111 shares of the company’s stock, valued at approximately $7,997,521.61. This trade represents a 29.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kavitark Ram Shriram sold 29,066 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $184.89, for a total transaction of $5,374,012.74. Following the transaction, the director now owns 272,466 shares of the company’s stock, valued at approximately $50,376,238.74. This represents a 9.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 88,665 shares of company stock worth $16,198,310. 12.99% of the stock is owned by corporate insiders.

Alphabet Trading Up 1.7 %

Shares of GOOG opened at $158.88 on Wednesday. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 12-month low of $148.20 and a 12-month high of $208.70. The firm has a market capitalization of $1.94 trillion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. The stock’s fifty day simple moving average is $179.89 and its 200-day simple moving average is $178.70.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating 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, research analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a $0.20 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.50%. Alphabet’s dividend payout ratio (DPR) is 9.94%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GOOG. Benchmark reaffirmed a “negative” rating on shares of Alphabet in a report on Wednesday, February 5th. Rosenblatt Securities restated a “neutral” rating on shares of Alphabet in a research note on Wednesday, March 19th. Morgan Stanley reissued an “overweight” rating on shares of Alphabet in a report on Wednesday, February 5th. The Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 price objective on shares of Alphabet in a report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $208.65.

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.