Crestmont Private Wealth LLC Boosts Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Crestmont Private Wealth LLC grew its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 7.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,557 shares of the information services provider’s stock after acquiring an additional 317 shares during the quarter. Alphabet accounts for approximately 0.3% of Crestmont Private Wealth LLC’s portfolio, making the stock its 15th largest holding. Crestmont Private Wealth LLC’s holdings in Alphabet were worth $756,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of GOOGL. Shira Ridge Wealth Management raised its stake in shares of Alphabet by 6.4% during the 3rd quarter. Shira Ridge Wealth Management now owns 6,006 shares of the information services provider’s stock worth $996,000 after purchasing an additional 362 shares during the period. Shikiar Asset Management Inc. bought a new stake in shares of Alphabet during the 3rd quarter worth $343,000. CHICAGO TRUST Co NA raised its stake in shares of Alphabet by 6.4% during the 3rd quarter. CHICAGO TRUST Co NA now owns 31,386 shares of the information services provider’s stock worth $5,205,000 after purchasing an additional 1,894 shares during the period. Exchange Traded Concepts LLC raised its stake in shares of Alphabet by 55.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 509,277 shares of the information services provider’s stock worth $84,464,000 after purchasing an additional 181,990 shares during the period. Finally, Compton Wealth Advisory Group LLC raised its stake in shares of Alphabet by 11.7% during the 3rd quarter. Compton Wealth Advisory Group LLC now owns 44,004 shares of the information services provider’s stock worth $7,298,000 after purchasing an additional 4,597 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Stock Up 0.4 %

Shares of GOOGL opened at $164.07 on Tuesday. The firm has a market cap of $2.03 trillion, a P/E ratio of 25.16, a P/E/G ratio of 1.21 and a beta of 1.04. The stock has a 50 day simple moving average of $161.80 and a two-hundred day simple moving average of $168.35. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08. Alphabet Inc. has a 1 year low of $120.21 and a 1 year high of $191.75.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping 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 quarter in the prior year, the firm earned $1.44 earnings per share. On average, analysts forecast that Alphabet Inc. will post 7.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

GOOGL has been the topic of a number of recent analyst reports. JMP Securities reiterated a “market outperform” rating and set a $200.00 target price on shares of Alphabet in a research note on Wednesday, September 25th. JPMorgan Chase & Co. boosted their price objective on Alphabet from $200.00 to $208.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Pivotal Research upgraded Alphabet to a “strong-buy” rating in a research note on Tuesday, October 1st. Wolfe Research assumed coverage on Alphabet in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $240.00 price objective on the stock. Finally, UBS Group boosted their price objective on Alphabet from $200.00 to $204.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Eight analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and an average target price of $201.76.

Insider Buying and Selling at Alphabet

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 completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $162.35, for a total value of $3,652,875.00. Following the completion of the sale, the chief executive officer now owns 2,182,385 shares in the company, valued at approximately $354,310,204.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 31,334 shares of the company’s stock, valued at approximately $5,264,112. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 220,426 shares of company stock worth $35,993,340. 11.55% of the stock is currently owned by insiders.

Alphabet Company 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.