Wealthcare Advisory Partners LLC Adjusts Investment in Alphabet Inc.

Wealthcare Advisory Partners LLC has recently made changes to its investment in Alphabet Inc. (NASDAQ:GOOGL), as indicated by its latest 13F filing with the Securities & Exchange Commission. During the fourth quarter, the firm decreased its holdings in Alphabet by 1.4%, equating to a sale of 805 shares. Consequently, Wealthcare now holds a total of 54,758 shares of Alphabet, which were valued at approximately $10,366,000 at the end of the reporting period.

Other institutional investors and hedge funds have also been active in buying and selling Alphabet shares. For instance, LMR Partners LLP established a new position in the company worth $32,000 in the third quarter. Similarly, Denver PWM LLC expanded its holdings in Alphabet by 25.4%, bringing its total to 281 shares valued at $47,000 after acquiring an additional 57 shares. Quarry LP also invested by purchasing shares valued around $53,000 in the second quarter. Additionally, Teachers Insurance & Annuity Association of America made a new investment worth approximately $66,000 during the third quarter. Mendota Financial Group LLC increased its investment in Alphabet by 19% and now owns 401 shares valued at $67,000 following a purchase of 64 additional shares. Currently, hedge funds and other institutional investors control about 40.03% of Alphabet’s stock.

Inside Sales Activity

In terms of insider trading, there were transactions involving Alphabet's executives. For instance, CAO Amie Thuener O’toole sold 1,367 shares of the company's stock on November 1st at an average price of $171.42, totaling $234,331.14. After this transaction, she retains 26,349 shares, worth approximately $4,516,745.58. This sale marked a 4.93% decline in her holdings. Furthermore, Director Kavitark Ram Shriram sold 10,500 shares on October 30th for $1,898,190.00, which represented a 3.08% decrease in his holdings. Overall, insiders have sold 133,387 shares valued at approximately $24,368,654 over the past 90 days, with corporate insiders owning 11.55% of the stock.

Analysts' Outlook

Several Wall Street analysts have recently revisited their ratings and price targets for Alphabet. Loop Capital raised its price target from $170 to $185, maintaining a “hold” rating. Wolfe Research has increased its price objective from $220 to $230, providing an “outperform” rating. Similarly, Scotiabank upgraded the shares to a “strong-buy,” while BMO Capital Markets reiterated an “outperform” rating with a revised $217 target. Needham & Company LLC also continues to support a “buy” rating with a price target of $210. Currently, the consensus among analysts leans towards a “Moderate Buy” rating with an average price target of $208.15.

Performance Metrics

As of Monday, Alphabet’s shares opened at $196.00. The company has seen a 50-day moving average of $184.43 and a 200-day moving average of $173.34. With a market capitalization of $2.40 trillion, Alphabet has demonstrated significant strength, exhibiting a twelve-month low of $130.66 and a high of $201.42. Its P/E ratio sits at 25.99, while the price-to-earnings-growth ratio stands at 1.22, and the beta is recorded at 0.98.

Recently, Alphabet reported its quarterly earnings results, indicating an EPS of $2.12, outperforming consensus estimates of $1.83. The company generated revenue of $88.27 billion, surpassing analyst expectations of $72.85 billion. Alphabet also reported a net margin of 27.74% and a strong return on equity of 31.66%. Analysts predict an 8.03 EPS for the current fiscal year.

Dividend Announcement

In addition to its financial performance, Alphabet has announced a quarterly dividend, which was distributed on December 16th. Shareholders on record as of December 9th received a dividend of $0.20 per share, resulting in an annualized dividend yield of 0.41%. The company has a dividend payout ratio of 10.61%.

About Alphabet

Alphabet Inc. operates various products and services across the globe, including in the United States, Europe, and Asia-Pacific. Its structure includes Google Services, Google Cloud, and Other Bets segments. Google Services provides a vast array of products such as ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, YouTube, and more.

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