Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Fiduciary Alliance LLC

Fiduciary Alliance LLC lifted its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 14.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 53,147 shares of the information services provider’s stock after buying an additional 6,542 shares during the quarter. Alphabet makes up 1.2% of Fiduciary Alliance LLC’s portfolio, making the stock its 24th biggest position. Fiduciary Alliance LLC’s holdings in Alphabet were worth $8,814,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Christopher J. Hasenberg Inc lifted its position in shares of Alphabet by 75.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock worth $26,000 after buying an additional 60 shares during the last quarter. Kings Path Partners LLC bought a new stake in Alphabet in the 2nd quarter valued at about $36,000. Tributary Capital Management LLC bought a new stake in Alphabet in the 1st quarter valued at about $30,000. Denver PWM LLC bought a new stake in Alphabet in the 2nd quarter valued at about $41,000. Finally, Quarry LP bought a new stake in Alphabet in the 2nd quarter valued at about $53,000. 40.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on GOOGL. Scotiabank upgraded shares of Alphabet to a “strong-buy” rating in a research report on Friday, October 11th. JPMorgan Chase & Co. lifted their price objective on shares of Alphabet from $200.00 to $208.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Wolfe Research began coverage on shares of Alphabet in a research note on Tuesday, July 16th. They set an “outperform” rating and a $240.00 target price on the stock. Loop Capital reissued a “hold” rating and set a $170.00 target price on shares of Alphabet in a research note on Wednesday, July 3rd. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $181.00 target price on shares of Alphabet in a research note on Wednesday, July 24th. Eight investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and an average price target of $201.76.

Alphabet Price Performance

NASDAQ:GOOGL opened at $165.14 on Wednesday. The stock has a market cap of $2.04 trillion, a P/E ratio of 25.33, a PEG ratio of 1.21 and a beta of 1.04. Alphabet Inc. has a one year low of $120.21 and a one year high of $191.75. The company has a fifty day moving average price of $161.82 and a 200 day moving average price of $168.44. 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 (NASDAQ:GOOGL) last released its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.85 by $0.04. The firm had revenue of $84.74 billion during the quarter, compared to analysts’ expectations of $70.60 billion. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. During the same period in the prior year, the company earned $1.44 EPS. Analysts anticipate that Alphabet Inc. will post 7.64 earnings per share for the current year.

Insider Activity at Alphabet

In other news, CAO Amie Thuener O’toole sold 1,367 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $168.84, for a total value of $230,804.28. Following the completion of the transaction, the chief accounting officer now owns 29,183 shares in the company, valued at approximately $4,927,257.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CAO Amie Thuener O’toole sold 1,367 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $168.84, for a total value of $230,804.28. Following the completion of the transaction, the chief accounting officer now owns 29,183 shares in the company, valued at approximately $4,927,257.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 800 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $153.75, for a total transaction of $123,000.00. Following the completion of the transaction, the director now owns 28,524 shares of the company’s stock, valued at approximately $4,385,565. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 220,426 shares of company stock worth $35,993,340 in the last ninety days. 11.55% of the stock is currently owned by insiders.

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.