Alphabet Inc. $GOOGL Shares Bought by WMG Financial Advisors LLC

WMG Financial Advisors LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 1.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,182 shares of the information services provider’s stock after acquiring an additional 95 shares during the period. WMG Financial Advisors LLC’s holdings in Alphabet were worth $1,089,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Missouri Trust & Investment Co lifted its stake in Alphabet by 0.3% in the second quarter. Missouri Trust & Investment Co now owns 16,916 shares of the information services provider’s stock worth $2,981,000 after acquiring an additional 55 shares during the last quarter. AM Investment Strategies LLC raised its holdings in shares of Alphabet by 0.9% in the 2nd quarter. AM Investment Strategies LLC now owns 6,477 shares of the information services provider’s stock valued at $1,141,000 after purchasing an additional 57 shares in the last quarter. Bfsg LLC lifted its position in shares of Alphabet by 0.6% during the 2nd quarter. Bfsg LLC now owns 10,428 shares of the information services provider’s stock worth $1,838,000 after purchasing an additional 59 shares during the last quarter. Financial Council LLC lifted its position in shares of Alphabet by 1.0% during the 2nd quarter. Financial Council LLC now owns 5,800 shares of the information services provider’s stock worth $1,022,000 after purchasing an additional 60 shares during the last quarter. Finally, Enzi Wealth grew its stake in shares of Alphabet by 2.5% during the first quarter. Enzi Wealth now owns 2,561 shares of the information services provider’s stock worth $408,000 after purchasing an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Trading Up 0.7%

NASDAQ:GOOGL opened at $253.30 on Monday. The company has a market capitalization of $3.06 trillion, a PE ratio of 26.98, a P/E/G ratio of 1.71 and a beta of 1.00. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $256.96. The stock’s 50 day moving average price is $231.55 and its 200 day moving average price is $192.14. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.16. The business had revenue of $96.43 billion during the quarter, compared to the consensus estimate of $93.60 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%. On average, research analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on GOOGL shares. The Goldman Sachs Group restated a “buy” rating and issued a $288.00 price target on shares of Alphabet in a research note on Tuesday, October 14th. UBS Group increased their price objective on Alphabet from $237.00 to $255.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. HSBC started coverage on Alphabet in a research report on Tuesday, October 7th. They set a “buy” rating and a $285.00 target price on the stock. Wall Street Zen downgraded Alphabet from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. Finally, Moffett Nathanson increased their price target on shares of Alphabet from $230.00 to $295.00 and gave the company a “buy” rating in a research note on Thursday, September 25th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $252.24.

Insider Activity

In other Alphabet news, Director John L. Hennessy sold 600 shares of the firm’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $242.92, for a total transaction of $145,752.00. Following the transaction, the director directly owned 5,116 shares of the company’s stock, valued at approximately $1,242,778.72. This trade represents a 10.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John Kent Walker sold 17,816 shares of Alphabet stock in a transaction on Monday, September 29th. The shares were sold at an average price of $247.42, for a total transaction of $4,408,034.72. Following the completion of the transaction, the insider owned 42,985 shares in the company, valued at approximately $10,635,348.70. This represents a 29.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 246,150 shares of company stock worth $55,805,379 over the last 90 days. 11.55% of the stock is owned by corporate insiders.

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, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.