Wealthcare Advisory Partners LLC Purchases 58 Shares of Alphabet Inc. (NASDAQ:GOOG)

Wealthcare Advisory Partners LLC raised its position in Alphabet Inc. (NASDAQ:GOOG) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,903 shares of the information services provider’s stock after purchasing an additional 58 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Alphabet were worth $6,076,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Beck Bode LLC increased its stake in shares of Alphabet by 7.1% in the second quarter. Beck Bode LLC now owns 67,523 shares of the information services provider’s stock valued at $12,385,000 after buying an additional 4,456 shares during the period. Bridges Investment Management Inc. boosted its holdings in Alphabet by 56.1% in the second quarter. Bridges Investment Management Inc. now owns 438,366 shares of the information services provider’s stock valued at $80,405,000 after acquiring an additional 157,453 shares during the last quarter. Waters Parkerson & CO. LLC increased its position in Alphabet by 2.5% during the 2nd quarter. Waters Parkerson & CO. LLC now owns 23,516 shares of the information services provider’s stock valued at $4,313,000 after purchasing an additional 582 shares during the period. Simplify Asset Management Inc. bought a new position in Alphabet during the 2nd quarter worth approximately $233,000. Finally, Elite Wealth Management Inc. lifted its position in shares of Alphabet by 33.1% in the 2nd quarter. Elite Wealth Management Inc. now owns 46,609 shares of the information services provider’s stock worth $8,549,000 after purchasing an additional 11,602 shares during the period. 27.26% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Alphabet news, Director Kavitark Ram Shriram sold 10,500 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $180.78, for a total value of $1,898,190.00. Following the transaction, the director now directly owns 330,466 shares in the company, valued at $59,741,643.48. The trade was a 3.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 2,834 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $197.55, for a total transaction of $559,856.70. Following the sale, the chief accounting officer now owns 20,681 shares of the company’s stock, valued at approximately $4,085,531.55. The trade was a 12.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 133,387 shares of company stock valued at $24,368,654 in the last 90 days. 12.99% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

GOOG has been the subject of a number of analyst reports. Citizens Jmp downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Jefferies Financial Group boosted their price objective on Alphabet from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Wells Fargo & Company upped their target price on Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Seaport Res Ptn upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. increased their price target on Alphabet from $208.00 to $212.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Six equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued 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 price target of $200.56.

Alphabet Stock Up 1.6 %

Shares of NASDAQ:GOOG opened at $197.55 on Friday. The business’s 50 day moving average is $185.92 and its 200 day moving average is $174.93. Alphabet Inc. has a 12-month low of $131.55 and a 12-month high of $202.88. The stock has a market cap of $2.42 trillion, a price-to-earnings ratio of 26.20, a PEG ratio of 1.21 and a beta of 0.99. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. The firm had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $86.39 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.55 EPS. On average, sell-side analysts forecast that Alphabet Inc. will post 8.03 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were paid a $0.20 dividend. The ex-dividend date was Monday, December 9th. This represents a $0.80 annualized dividend and a yield of 0.40%. Alphabet’s dividend payout ratio (DPR) is 10.61%.

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.