Alphabet Inc. $GOOG Shares Purchased by Benchmark Financial Wealth Advisors LLC

Benchmark Financial Wealth Advisors LLC lifted its position in Alphabet Inc. (NASDAQ:GOOG) by 6.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,193 shares of the information services provider’s stock after purchasing an additional 192 shares during the quarter. Benchmark Financial Wealth Advisors LLC’s holdings in Alphabet were worth $566,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in GOOG. Brighton Jones LLC lifted its position in Alphabet by 5.6% during the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock worth $22,901,000 after acquiring an additional 6,410 shares during the period. Smart Money Group LLC lifted its position in Alphabet by 24.6% during the 1st quarter. Smart Money Group LLC now owns 2,186 shares of the information services provider’s stock worth $342,000 after acquiring an additional 432 shares during the period. Forte Asset Management LLC acquired a new stake in Alphabet during the 1st quarter worth approximately $645,000. Cloud Capital Management LLC acquired a new stake in Alphabet during the 1st quarter worth approximately $3,430,000. Finally, Tradewinds LLC. lifted its position in Alphabet by 1.9% during the 1st quarter. Tradewinds LLC. now owns 44,838 shares of the information services provider’s stock worth $7,005,000 after acquiring an additional 825 shares during the period. 27.26% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Performance

Shares of GOOG stock opened at $284.12 on Tuesday. The stock has a fifty day moving average price of $246.09 and a 200 day moving average price of $202.22. The stock has a market cap of $3.44 trillion, a PE ratio of 28.02, a P/E/G ratio of 1.86 and a beta of 1.00. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $291.93. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Wednesday, October 29th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.58. The firm had revenue of $102.35 billion during the quarter, compared to analysts’ expectations of $99.90 billion. Alphabet had a return on equity of 36.08% and a net margin of 32.23%.Alphabet’s revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.12 earnings per share. Sell-side analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. UBS Group reissued a “neutral” rating on shares of Alphabet in a report on Thursday. Sanford C. Bernstein raised their price target on Alphabet from $260.00 to $305.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. KeyCorp reissued an “overweight” rating and issued a $330.00 price target on shares of Alphabet in a report on Thursday. Lake Street Capital reissued a “buy” rating on shares of Alphabet in a report on Wednesday, July 9th. Finally, Morgan Stanley raised their price target on Alphabet from $210.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, October 2nd. Five investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $324.81.

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O’toole sold 2,778 shares of Alphabet stock in a transaction on Monday, September 15th. The stock was sold at an average price of $245.00, for a total transaction of $680,610.00. Following the completion of the transaction, the chief accounting officer directly owned 17,293 shares of the company’s stock, valued at approximately $4,236,785. The trade was a 13.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $229.73, for a total value of $7,466,225.00. Following the transaction, the chief executive officer directly owned 2,429,892 shares of the company’s stock, valued at approximately $558,219,089.16. This represents a 1.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 222,442 shares of company stock valued at $51,200,307. Company insiders own 12.99% of the company’s stock.

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