Falcon Wealth Planning grew its position in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 4.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 5,982 shares of the information services provider’s stock after buying an additional 239 shares during the period. Falcon Wealth Planning’s holdings in Alphabet were worth $716,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of GOOGL. Everhart Financial Group Inc. increased its position in shares of Alphabet by 22.8% during the second quarter. Everhart Financial Group Inc. now owns 17,812 shares of the information services provider’s stock valued at $2,132,000 after acquiring an additional 3,313 shares in the last quarter. Consilium Wealth Advisory LLC increased its holdings in shares of Alphabet by 28.0% in the 2nd quarter. Consilium Wealth Advisory LLC now owns 21,897 shares of the information services provider’s stock worth $2,621,000 after purchasing an additional 4,793 shares in the last quarter. Tran Capital Management L.P. raised its stake in shares of Alphabet by 4.6% in the second quarter. Tran Capital Management L.P. now owns 346,622 shares of the information services provider’s stock worth $41,491,000 after purchasing an additional 15,100 shares during the last quarter. Aletheian Wealth Advisors LLC lifted its holdings in shares of Alphabet by 188.0% during the second quarter. Aletheian Wealth Advisors LLC now owns 13,491 shares of the information services provider’s stock valued at $1,615,000 after purchasing an additional 8,806 shares in the last quarter. Finally, Davis Rea LTD. boosted its position in shares of Alphabet by 15.3% during the second quarter. Davis Rea LTD. now owns 106,100 shares of the information services provider’s stock valued at $12,700,000 after buying an additional 14,111 shares during the last quarter. 35.08% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other Alphabet news, Director John L. Hennessy sold 200 shares of the stock in a transaction on Monday, September 11th. The shares were sold at an average price of $137.30, for a total transaction of $27,460.00. Following the completion of the transaction, the director now owns 7,584 shares in the company, valued at $1,041,283.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider John Kent Walker sold 42,900 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $136.51, for a total transaction of $5,856,279.00. Following the transaction, the insider now owns 10,383 shares of the company’s stock, valued at approximately $1,417,383.33. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction on Monday, September 11th. The stock was sold at an average price of $137.30, for a total transaction of $27,460.00. Following the transaction, the director now directly owns 7,584 shares of the company’s stock, valued at $1,041,283.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 96,092 shares of company stock worth $12,221,941. 0.88% of the stock is currently owned by insiders.
Alphabet Stock Down 0.1 %
Alphabet (NASDAQ:GOOGL – Get Free Report) last posted its earnings results on Tuesday, July 25th. The information services provider reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.12. The company had revenue of $74.60 billion for the quarter, compared to the consensus estimate of $60.24 billion. Alphabet had a return on equity of 23.49% and a net margin of 21.05%. During the same period in the previous year, the business earned $1.21 earnings per share. Analysts predict that Alphabet Inc. will post 5.68 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
GOOGL has been the topic of several research analyst reports. KeyCorp upped their target price on shares of Alphabet from $140.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, July 26th. Stifel Nicolaus raised their target price on shares of Alphabet from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, July 21st. StockNews.com started coverage on shares of Alphabet in a research note on Thursday, August 17th. They set a “buy” rating for the company. 51job restated a “downgrade” rating on shares of Alphabet in a research note on Tuesday, June 27th. Finally, The Goldman Sachs Group upped their price objective on Alphabet from $132.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, July 17th. Four analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and an average price target of $143.89.
Read Our Latest Stock Analysis on Alphabet
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, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
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