Wealth Dimensions Group Ltd. Grows Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Wealth Dimensions Group Ltd. increased its stake in Alphabet Inc. (NASDAQ:GOOGL) by 4.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,462 shares of the information services provider’s stock after purchasing an additional 242 shares during the quarter. Wealth Dimensions Group Ltd.’s holdings in Alphabet were worth $763,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in GOOGL. DiNuzzo Private Wealth Inc. bought a new stake in Alphabet during the fourth quarter valued at approximately $38,000. Meritage Group LP grew its position in shares of Alphabet by 1,061.5% during the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock valued at $40,000 after acquiring an additional 276 shares during the period. Armor Investment Advisors LLC increased its stake in shares of Alphabet by 31.0% in the 4th quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock worth $47,000 after purchasing an additional 80 shares in the last quarter. IAG Wealth Partners LLC raised its holdings in Alphabet by 55.9% in the 4th quarter. IAG Wealth Partners LLC now owns 343 shares of the information services provider’s stock worth $48,000 after purchasing an additional 123 shares during the period. Finally, Valued Wealth Advisors LLC bought a new stake in Alphabet during the fourth quarter valued at about $55,000. Institutional investors own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Sanford C. Bernstein lifted their price objective on Alphabet from $165.00 to $180.00 and gave the company a “market perform” rating in a research report on Friday, April 26th. Wolfe Research raised their price target on Alphabet from $180.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, April 26th. JPMorgan Chase & Co. boosted their price target on Alphabet from $165.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Rosenblatt Securities increased their price objective on shares of Alphabet from $172.00 to $182.00 and gave the company a “buy” rating in a report on Friday, April 26th. Finally, Argus lifted their price objective on shares of Alphabet from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Five research analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and a consensus price target of $191.57.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $136.49, for a total transaction of $93,086.18. Following the transaction, the chief accounting officer now directly owns 28,602 shares in the company, valued at approximately $3,903,886.98. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $136.49, for a total transaction of $93,086.18. Following the sale, the chief accounting officer now owns 28,602 shares of the company’s stock, valued at approximately $3,903,886.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 300 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $139.51, for a total value of $41,853.00. Following the completion of the transaction, the director now directly owns 9,291 shares of the company’s stock, valued at $1,296,187.41. The disclosure for this sale can be found here. In the last ninety days, insiders sold 205,935 shares of company stock worth $31,178,987. 11.55% of the stock is currently owned by company insiders.

Alphabet Trading Up 0.8 %

GOOGL stock opened at $174.99 on Monday. Alphabet Inc. has a 12 month low of $115.35 and a 12 month high of $178.77. The firm’s 50-day moving average is $160.81 and its 200 day moving average is $146.91. The company has a market capitalization of $2.16 trillion, a PE ratio of 26.84, a P/E/G ratio of 1.31 and a beta of 1.02. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.15.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The business had revenue of $80.54 billion for the quarter, compared to analyst estimates of $66.04 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. During the same period last year, the company posted $1.17 earnings per share. On average, research analysts anticipate that Alphabet Inc. will post 7.61 EPS for the current year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date is Monday, June 10th.

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.