Wiser Wealth Management Inc Purchases 104 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Wiser Wealth Management Inc grew its position in Alphabet Inc. (NASDAQ:GOOGL) by 2.9% in the first quarter, Holdings Channel.com reports. The fund owned 3,647 shares of the information services provider’s stock after buying an additional 104 shares during the period. Alphabet makes up 0.2% of Wiser Wealth Management Inc’s investment portfolio, making the stock its 28th largest holding. Wiser Wealth Management Inc’s holdings in Alphabet were worth $564,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Compass Planning Associates Inc bought a new position in shares of Alphabet during the 4th quarter worth approximately $30,000. PayPay Securities Corp raised its position in Alphabet by 36.1% in the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock valued at $46,000 after purchasing an additional 65 shares during the last quarter. Anderson Financial Strategies LLC bought a new position in Alphabet in the 4th quarter valued at $49,000. Navigoe LLC bought a new position in Alphabet in the 4th quarter valued at $51,000. Finally, Prudent Man Investment Management Inc. bought a new position in Alphabet in the 4th quarter valued at $53,000. Institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In other news, Director Kavitark Ram Shriram sold 10,500 shares of the company’s stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total transaction of $1,837,500.00. Following the completion of the transaction, the director now directly owns 261,966 shares of the company’s stock, valued at $45,844,050. This represents a 3.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $168.71, for a total value of $5,483,075.00. Following the transaction, the chief executive officer now directly owns 2,587,696 shares of the company’s stock, valued at $436,570,192.16. This represents a 1.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 195,770 shares of company stock valued at $32,036,638. Company insiders own 11.64% of the company’s stock.

Wall Street Analyst Weigh In

GOOGL has been the subject of several research analyst reports. Cantor Fitzgerald cut their price objective on Alphabet from $200.00 to $159.00 and set a “neutral” rating for the company in a research report on Wednesday, April 16th. Needham & Company LLC reiterated a “buy” rating and issued a $178.00 price objective on shares of Alphabet in a research report on Friday, April 25th. Jefferies Financial Group cut their price objective on Alphabet from $235.00 to $200.00 and set a “buy” rating for the company in a research report on Monday, March 31st. Roth Mkm reiterated a “buy” rating and issued a $220.00 price objective on shares of Alphabet in a research report on Wednesday, March 19th. Finally, Mizuho lowered their target price on Alphabet from $230.00 to $205.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $199.75.

Alphabet Stock Up 1.4%

NASDAQ:GOOGL opened at $176.09 on Tuesday. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $207.05. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The stock has a market cap of $2.14 trillion, a price-to-earnings ratio of 21.87, a PEG ratio of 1.34 and a beta of 1.01. The stock has a 50-day moving average price of $160.52 and a two-hundred day moving average price of $174.46.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.79. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The firm had revenue of $76.49 billion during the quarter, compared to analysts’ expectations of $89.30 billion. During the same period in the previous year, the firm earned $1.89 earnings per share. As a group, equities analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.48%. This is a boost from Alphabet’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, June 9th. Alphabet’s payout ratio is presently 9.36%.

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.