Strategic Wealth Partners Ltd. Buys 7,247 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Strategic Wealth Partners Ltd. grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 9.8% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 81,302 shares of the information services provider’s stock after buying an additional 7,247 shares during the period. Alphabet makes up 1.3% of Strategic Wealth Partners Ltd.’s investment portfolio, making the stock its 13th biggest holding. Strategic Wealth Partners Ltd.’s holdings in Alphabet were worth $13,484,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in GOOGL. Westwind Capital boosted its position in shares of Alphabet by 25.4% during the 1st quarter. Westwind Capital now owns 791 shares of the information services provider’s stock valued at $119,000 after acquiring an additional 160 shares in the last quarter. Atlas Brown Inc. boosted its holdings in Alphabet by 7.3% during the first quarter. Atlas Brown Inc. now owns 11,560 shares of the information services provider’s stock valued at $1,745,000 after purchasing an additional 790 shares in the last quarter. Tompkins Financial Corp grew its stake in shares of Alphabet by 3.1% in the 1st quarter. Tompkins Financial Corp now owns 74,501 shares of the information services provider’s stock valued at $11,244,000 after purchasing an additional 2,259 shares during the period. jvl associates llc raised its holdings in shares of Alphabet by 0.8% in the 1st quarter. jvl associates llc now owns 15,553 shares of the information services provider’s stock worth $2,347,000 after buying an additional 124 shares in the last quarter. Finally, Emprise Bank bought a new position in shares of Alphabet during the 1st quarter worth approximately $1,845,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $168.00, for a total value of $114,576.00. Following the sale, the chief accounting officer now directly owns 31,334 shares of the company’s stock, valued at approximately $5,264,112. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $168.00, for a total value of $114,576.00. Following the sale, the chief accounting officer now owns 31,334 shares in the company, valued at approximately $5,264,112. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John Kent Walker sold 21,467 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $160.35, for a total transaction of $3,442,233.45. Following the transaction, the insider now directly owns 39,334 shares of the company’s stock, valued at $6,307,206.90. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 220,426 shares of company stock valued at $35,993,340 over the last quarter. Corporate insiders own 11.55% of the company’s stock.

Alphabet Stock Down 1.4 %

NASDAQ:GOOGL opened at $162.93 on Friday. The stock has a market cap of $2.01 trillion, a price-to-earnings ratio of 24.99, a PEG ratio of 1.21 and a beta of 1.04. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04. The stock has a 50-day moving average price of $161.77 and a two-hundred day moving average price of $168.01. Alphabet Inc. has a 1 year low of $120.21 and a 1 year high of $191.75.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.04. The business had revenue of $84.74 billion during the quarter, compared to analyst estimates of $70.60 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. During the same period in the previous year, the firm earned $1.44 EPS. As a group, equities analysts expect that Alphabet Inc. will post 7.64 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on GOOGL shares. Citigroup upped their price target on Alphabet from $190.00 to $212.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. TD Securities upped their target price on shares of Alphabet from $200.00 to $220.00 in a report on Wednesday, July 10th. Bank of America lifted their price target on shares of Alphabet from $200.00 to $206.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $190.00 price objective on shares of Alphabet in a research note on Monday, October 7th. Finally, Wedbush reiterated an “outperform” rating and issued a $205.00 target price on shares of Alphabet in a research note on Thursday, September 5th. Eight analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, Alphabet has an average rating of “Moderate Buy” and a consensus target price of $201.76.

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.