3,884 Shares in Alphabet Inc. (NASDAQ:GOOG) Acquired by DecisionMap Wealth Management LLC

DecisionMap Wealth Management LLC purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOG) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 3,884 shares of the information services provider’s stock, valued at approximately $740,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. IAG Wealth Partners LLC grew its position in shares of Alphabet by 48.5% in the 4th quarter. IAG Wealth Partners LLC now owns 612 shares of the information services provider’s stock worth $116,000 after buying an additional 200 shares during the last quarter. CFO4Life Group LLC grew its position in shares of Alphabet by 0.6% in the 4th quarter. CFO4Life Group LLC now owns 28,144 shares of the information services provider’s stock worth $5,360,000 after buying an additional 158 shares during the last quarter. Stelac Advisory Services LLC grew its position in shares of Alphabet by 3.7% in the 4th quarter. Stelac Advisory Services LLC now owns 15,736 shares of the information services provider’s stock worth $2,996,000 after buying an additional 559 shares during the last quarter. HBK Sorce Advisory LLC grew its position in shares of Alphabet by 0.8% in the 4th quarter. HBK Sorce Advisory LLC now owns 54,103 shares of the information services provider’s stock worth $10,303,000 after buying an additional 407 shares during the last quarter. Finally, Erste Asset Management GmbH grew its position in shares of Alphabet by 16.5% in the 4th quarter. Erste Asset Management GmbH now owns 406,734 shares of the information services provider’s stock worth $78,734,000 after buying an additional 57,486 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors.

Alphabet Stock Up 1.8 %

GOOG stock opened at $169.00 on Thursday. Alphabet Inc. has a 1-year low of $140.01 and a 1-year high of $208.70. The business has a fifty day moving average price of $188.44 and a 200-day moving average price of $178.02. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The stock has a market capitalization of $2.06 trillion, a P/E ratio of 20.99, a P/E/G ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share 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%. Equities analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.47%. The ex-dividend date is Monday, March 10th. Alphabet’s dividend payout ratio is currently 9.94%.

Insider Transactions at Alphabet

In related news, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction on Monday, January 13th. The stock was sold at an average price of $189.80, for a total value of $284,700.00. Following the completion of the sale, the director now owns 21,824 shares of the company’s stock, valued at $4,142,195.20. The trade was a 6.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Amie Thuener O’toole sold 1,374 shares of Alphabet stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $173.47, for a total value of $238,347.78. Following the completion of the sale, the chief accounting officer now directly owns 15,024 shares of the company’s stock, valued at $2,606,213.28. The trade was a 8.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 95,682 shares of company stock worth $17,901,024 over the last quarter. 12.99% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

GOOG has been the topic of a number of recent analyst reports. Wedbush reiterated an “outperform” rating and issued a $220.00 price objective on shares of Alphabet in a research report on Thursday, January 30th. Morgan Stanley reiterated an “overweight” rating on shares of Alphabet in a research report on Wednesday, February 5th. The Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Finally, Needham & Company LLC restated a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $209.13.

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.