Compton Wealth Advisory Group LLC Boosts Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Compton Wealth Advisory Group LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 11.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,004 shares of the information services provider’s stock after buying an additional 4,597 shares during the period. Alphabet accounts for 1.8% of Compton Wealth Advisory Group LLC’s holdings, making the stock its 13th biggest position. Compton Wealth Advisory Group LLC’s holdings in Alphabet were worth $7,298,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GOOGL. Wynn Capital LLC raised its stake in shares of Alphabet by 3.9% during the 1st quarter. Wynn Capital LLC now owns 1,767 shares of the information services provider’s stock worth $267,000 after buying an additional 67 shares during the period. PFW Advisors LLC raised its position in Alphabet by 8.0% during the first quarter. PFW Advisors LLC now owns 7,096 shares of the information services provider’s stock worth $1,071,000 after acquiring an additional 524 shares during the period. Midwest Financial Group LLC purchased a new position in Alphabet during the first quarter valued at $595,000. Eldred Rock Partners LLC grew its position in shares of Alphabet by 1.0% in the first quarter. Eldred Rock Partners LLC now owns 80,024 shares of the information services provider’s stock valued at $12,078,000 after purchasing an additional 801 shares during the period. Finally, Cardano Risk Management B.V. increased its stake in shares of Alphabet by 6.7% during the first quarter. Cardano Risk Management B.V. now owns 1,201,341 shares of the information services provider’s stock worth $181,318,000 after purchasing an additional 75,131 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $163.42 on Monday. The stock’s 50-day moving average is $161.77 and its two-hundred day moving average is $168.25. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08. The company has a market cap of $2.02 trillion, a price-to-earnings ratio of 25.06, a price-to-earnings-growth ratio of 1.21 and a beta of 1.04. Alphabet Inc. has a 1-year low of $120.21 and a 1-year high of $191.75.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.04. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The firm had revenue of $84.74 billion for the quarter, compared to analyst estimates of $70.60 billion. During the same period in the prior year, the firm earned $1.44 earnings per share. Analysts forecast that Alphabet Inc. will post 7.64 EPS for the current fiscal year.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $168.00, for a total transaction of $114,576.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction 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 directly owns 31,334 shares in the company, valued at $5,264,112. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $166.30, for a total value of $3,741,750.00. Following the sale, the chief executive officer now directly owns 2,106,806 shares of the company’s stock, valued at $350,361,837.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 220,426 shares of company stock valued at $35,993,340. Insiders own 11.55% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on GOOGL shares. Wedbush reaffirmed an “outperform” rating and issued a $205.00 price target on shares of Alphabet in a research note on Thursday, September 5th. Argus lifted their price target on Alphabet from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Mizuho increased their price objective on Alphabet from $205.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Piper Sandler reaffirmed an “overweight” rating and set a $200.00 target price on shares of Alphabet in a research note on Monday, September 30th. Finally, Tigress Financial increased their target price on shares of Alphabet from $210.00 to $220.00 and gave the company a “strong-buy” rating in a research report on Thursday, September 26th. Eight analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $201.76.

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.