Oxford Wealth Group LLC Purchases 111 Shares of Alphabet Inc. (NASDAQ:GOOG)

Oxford Wealth Group LLC increased its position in Alphabet Inc. (NASDAQ:GOOG) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,069 shares of the information services provider’s stock after buying an additional 111 shares during the period. Oxford Wealth Group LLC’s holdings in Alphabet were worth $584,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Fiduciary Advisors Inc. bought a new stake in Alphabet in the fourth quarter worth $27,000. LSV Asset Management acquired a new stake in Alphabet in the 4th quarter worth approximately $27,000. WealthTrak Capital Management LLC bought a new stake in Alphabet during the fourth quarter worth approximately $38,000. Mountain Hill Investment Partners Corp. acquired a new position in Alphabet during the fourth quarter valued at approximately $39,000. Finally, Noble Wealth Management PBC bought a new position in shares of Alphabet in the fourth quarter valued at approximately $43,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Up 2.7 %

NASDAQ GOOG opened at $153.90 on Wednesday. The stock’s 50 day simple moving average is $165.77 and its 200 day simple moving average is $177.32. Alphabet Inc. has a one year low of $142.66 and a one year high of $208.70. The firm has a market cap of $1.88 trillion, a PE ratio of 19.12, a price-to-earnings-growth ratio of 1.34 and a beta of 1.04. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. As a group, sell-side analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet’s dividend payout ratio is currently 9.94%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Citigroup reaffirmed a “sell” rating on shares of Alphabet in a report on Wednesday. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Scotiabank cut their price objective on Alphabet from $232.00 to $200.00 and set a “sector outperform” rating for the company in a research report on Monday. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 target price on shares of Alphabet in a report on Wednesday, March 19th. Finally, Wedbush reiterated an “outperform” rating and set a $220.00 price target on shares of Alphabet in a report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $208.38.

Insiders Place Their Bets

In related news, CAO Amie Thuener O’toole sold 1,340 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total transaction of $270,787.20. Following the completion of the sale, the chief accounting officer now directly owns 17,848 shares of the company’s stock, valued at $3,606,723.84. The trade was a 6.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider John Kent Walker sold 17,690 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the completion of the transaction, the insider now owns 43,111 shares in the company, valued at $7,997,521.61. This represents a 29.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 148,163 shares of company stock valued at $25,361,647. 12.99% of the stock is currently owned by corporate insiders.

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.