Wiser Wealth Management Inc Makes New Investment in Alphabet Inc. (NASDAQ:GOOG)

Wiser Wealth Management Inc acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOG) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,310 shares of the information services provider’s stock, valued at approximately $250,000.

Other hedge funds have also made changes to their positions in the company. Edgestream Partners L.P. increased its holdings in Alphabet by 13.2% in the 2nd quarter. Edgestream Partners L.P. now owns 17,407 shares of the information services provider’s stock valued at $3,193,000 after buying an additional 2,031 shares during the period. Wealth Alliance boosted its position in shares of Alphabet by 1.6% during the 2nd quarter. Wealth Alliance now owns 19,058 shares of the information services provider’s stock valued at $3,496,000 after acquiring an additional 305 shares in the last quarter. E Fund Management Co. Ltd. increased its stake in Alphabet by 17.1% in the second quarter. E Fund Management Co. Ltd. now owns 59,941 shares of the information services provider’s stock valued at $10,994,000 after acquiring an additional 8,760 shares during the period. Central Asset Investments & Management Holdings HK Ltd raised its position in Alphabet by 204.0% in the second quarter. Central Asset Investments & Management Holdings HK Ltd now owns 30,400 shares of the information services provider’s stock worth $5,576,000 after purchasing an additional 20,400 shares in the last quarter. Finally, Meridian Wealth Partners LLC lifted its stake in Alphabet by 9.8% during the second quarter. Meridian Wealth Partners LLC now owns 4,365 shares of the information services provider’s stock worth $801,000 after purchasing an additional 388 shares during the period. Institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $171.42, for a total transaction of $234,331.14. Following the completion of the transaction, the chief accounting officer now directly owns 26,349 shares in the company, valued at approximately $4,516,745.58. The trade was a 4.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kavitark Ram Shriram sold 10,500 shares of the company’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 completion of the sale, the director now directly owns 330,466 shares of the company’s stock, valued at approximately $59,741,643.48. This trade represents a 3.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 133,387 shares of company stock worth $24,368,654. Insiders own 12.99% of the company’s stock.

Alphabet Trading Down 1.3 %

Shares of GOOG opened at $194.48 on Friday. The stock’s fifty day simple moving average is $185.32 and its 200-day simple moving average is $174.70. The firm has a market capitalization of $2.38 trillion, a PE ratio of 25.79, a price-to-earnings-growth ratio of 1.21 and a beta of 0.99. Alphabet Inc. has a 12-month low of $131.55 and a 12-month high of $202.88. 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 released its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The company had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $86.39 billion. During the same period in the prior year, the company posted $1.55 EPS. The company’s revenue was up 15.1% compared to the same quarter last year. As a group, research analysts predict that Alphabet Inc. will post 8.03 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date was Monday, December 9th. Alphabet’s dividend payout ratio is presently 10.61%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Oppenheimer increased their target price on Alphabet from $185.00 to $215.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Barclays lifted their price objective on Alphabet from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Seaport Res Ptn upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Canaccord Genuity Group increased their target price on shares of Alphabet from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Citizens Jmp lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Six research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $200.56.

Alphabet 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.