Wealth Advisors Inc. raised its holdings in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 1.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 123,210 shares of the information services provider’s stock after purchasing an additional 1,735 shares during the period. Alphabet comprises 6.2% of Wealth Advisors Inc.’s holdings, making the stock its 4th largest position. Wealth Advisors Inc.’s holdings in Alphabet were worth $14,653,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of GOOGL. Vanguard Group Inc. lifted its position in shares of Alphabet by 1,919.4% in the third 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 in the last quarter. State Street Corp lifted its position in shares of Alphabet by 1,900.6% in the third quarter. State Street Corp now owns 217,154,306 shares of the information services provider’s stock valued at $20,770,809,000 after acquiring an additional 206,300,042 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its position in shares of Alphabet by 111,197.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 170,420,243 shares of the information services provider’s stock valued at $15,036,178,000 after acquiring an additional 170,267,122 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Alphabet by 1.3% in the first quarter. Geode Capital Management LLC now owns 118,576,618 shares of the information services provider’s stock valued at $12,271,705,000 after acquiring an additional 1,499,107 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in Alphabet by 1,759.2% during the third 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 in the last quarter. 35.08% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Alphabet news, CAO Amie Thuener O’toole sold 3,749 shares of Alphabet stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $136.28, for a total transaction of $510,913.72. Following the completion of the sale, the chief accounting officer now directly owns 25,568 shares of the company’s stock, valued at approximately $3,484,407.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Alphabet news, CAO Amie Thuener O’toole sold 3,749 shares of Alphabet stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $136.28, for a total transaction of $510,913.72. Following the completion of the sale, the chief accounting officer now directly owns 25,568 shares of the company’s stock, valued at approximately $3,484,407.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frances Arnold sold 240 shares of Alphabet stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $130.85, for a total value of $31,404.00. Following the sale, the director now directly owns 13,917 shares of the company’s stock, valued at $1,821,039.45. The disclosure for this sale can be found here. Insiders sold 131,731 shares of company stock valued at $16,880,398 in the last ninety days. Insiders own 0.88% of the company’s stock.
Alphabet Trading Down 1.1 %
Alphabet (NASDAQ:GOOGL – Get Free Report) last released its earnings results on Tuesday, July 25th. The information services provider reported $1.44 EPS for the quarter, topping the consensus estimate of $1.32 by $0.12. Alphabet had a return on equity of 23.49% and a net margin of 21.05%. The firm had revenue of $74.60 billion during the quarter, compared to analysts’ expectations of $60.24 billion. During the same period in the previous year, the firm posted $1.21 EPS. Sell-side analysts expect that Alphabet Inc. will post 5.68 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on GOOGL shares. KeyCorp lifted their price objective on Alphabet from $140.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 26th. 51job reiterated a “downgrade” rating on shares of Alphabet in a research report on Tuesday, June 27th. Wolfe Research lifted their price objective on Alphabet from $130.00 to $140.00 in a research report on Monday, July 10th. Truist Financial lifted their price objective on Alphabet from $122.00 to $160.00 in a research report on Wednesday, July 26th. Finally, Rosenblatt Securities lifted their price objective on Alphabet from $132.00 to $163.00 and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Four 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 data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $143.89.
Get Our Latest Report 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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