Consilium Wealth Advisory LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 28.0% during the second quarter, HoldingsChannel.com reports. The fund owned 21,897 shares of the information services provider’s stock after purchasing an additional 4,793 shares during the quarter. Alphabet makes up about 1.8% of Consilium Wealth Advisory LLC’s portfolio, making the stock its 15th biggest holding. Consilium Wealth Advisory LLC’s holdings in Alphabet were worth $2,621,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in GOOGL. Vanguard Group Inc. raised its stake in shares of Alphabet by 1,919.4% in the 3rd quarter. Vanguard Group Inc. now owns 477,035,902 shares of the information services provider’s stock valued at $45,628,484,000 after acquiring an additional 453,413,389 shares during the period. State Street Corp increased its stake in Alphabet by 1,900.6% during the 3rd quarter. State Street Corp now owns 217,154,306 shares of the information services provider’s stock worth $20,770,809,000 after buying an additional 206,300,042 shares during the period. Moneta Group Investment Advisors LLC increased its stake in Alphabet by 111,197.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 170,420,243 shares of the information services provider’s stock worth $15,036,178,000 after buying an additional 170,267,122 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Alphabet by 1,759.2% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 116,116,066 shares of the information services provider’s stock worth $11,106,502,000 after buying an additional 109,870,525 shares during the period. Finally, Norges Bank purchased a new stake in Alphabet during the 4th quarter worth $8,335,063,000. Hedge funds and other institutional investors own 35.08% of the company’s stock.
Alphabet Trading Down 0.1 %
Alphabet stock opened at $130.25 on Friday. Alphabet Inc. has a 52-week low of $83.34 and a 52-week high of $139.16. The firm has a market capitalization of $1.64 trillion, a price-to-earnings ratio of 27.60, a PEG ratio of 1.50 and a beta of 1.06. The firm has a 50-day moving average price of $130.97 and a two-hundred day moving average price of $118.95. The company has a quick ratio of 2.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.05.
Insiders Place Their Bets
In other Alphabet news, SVP Prabhakar Raghavan sold 16,083 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $120.31, for a total transaction of $1,934,945.73. Following the sale, the senior vice president now directly owns 127,028 shares in the company, valued at approximately $15,282,738.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $137.30, for a total value of $27,460.00. Following the sale, the director now directly owns 7,584 shares in the company, valued at approximately $1,041,283.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Prabhakar Raghavan sold 16,083 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $120.31, for a total transaction of $1,934,945.73. Following the completion of the sale, the senior vice president now owns 127,028 shares in the company, valued at $15,282,738.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 96,092 shares of company stock worth $12,221,941. 0.88% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the stock. TD Cowen lifted their price target on shares of Alphabet from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, July 13th. Royal Bank of Canada lifted their price target on shares of Alphabet from $145.00 to $155.00 in a research note on Wednesday, July 26th. JPMorgan Chase & Co. lifted their price target on shares of Alphabet from $121.00 to $150.00 in a research note on Wednesday, July 26th. JMP Securities reaffirmed a “market outperform” rating and set a $138.00 price target on shares of Alphabet in a research note on Wednesday, August 30th. Finally, Barclays raised their price objective on shares of Alphabet from $160.00 to $200.00 in a report on Wednesday, July 26th. Four equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and an average price target of $143.89.
Get Our Latest Research Report on Alphabet
About Alphabet
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, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
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