MN Wealth Advisors LLC Purchases 1,036 Shares of Alphabet Inc. (NASDAQ:GOOGL)

MN Wealth Advisors LLC lifted its position in Alphabet Inc. (NASDAQ:GOOGL) by 15.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,791 shares of the information services provider’s stock after purchasing an additional 1,036 shares during the quarter. Alphabet comprises approximately 0.8% of MN Wealth Advisors LLC’s portfolio, making the stock its 29th largest holding. MN Wealth Advisors LLC’s holdings in Alphabet were worth $1,332,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in GOOGL. Riverview Trust Co increased its stake in Alphabet by 3.2% in the first quarter. Riverview Trust Co now owns 7,758 shares of the information services provider’s stock valued at $1,171,000 after acquiring an additional 240 shares during the last quarter. Mechanics Bank Trust Department increased its stake in Alphabet by 1.9% in the first quarter. Mechanics Bank Trust Department now owns 133,661 shares of the information services provider’s stock valued at $20,173,000 after acquiring an additional 2,430 shares during the last quarter. West Coast Financial LLC increased its stake in Alphabet by 1.9% in the first quarter. West Coast Financial LLC now owns 134,101 shares of the information services provider’s stock valued at $20,240,000 after acquiring an additional 2,437 shares during the last quarter. Fermata Advisors LLC increased its stake in Alphabet by 36.8% in the first quarter. Fermata Advisors LLC now owns 5,809 shares of the information services provider’s stock valued at $877,000 after acquiring an additional 1,563 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC increased its stake in Alphabet by 2.7% in the first quarter. Dynamic Advisor Solutions LLC now owns 142,098 shares of the information services provider’s stock valued at $21,447,000 after acquiring an additional 3,708 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

GOOGL has been the topic of a number of recent research reports. The Goldman Sachs Group reduced their price objective on Alphabet from $217.00 to $208.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. DA Davidson initiated coverage on Alphabet in a research note on Tuesday, September 10th. They set a “neutral” rating and a $170.00 price objective on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $200.00 price objective on shares of Alphabet in a research note on Wednesday, September 25th. Jefferies Financial Group raised their price objective on Alphabet from $215.00 to $220.00 in a research note on Tuesday, July 9th. Finally, Evercore ISI reduced their price objective on Alphabet from $225.00 to $200.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. Eight research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $201.76.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $162.72 on Friday. Alphabet Inc. has a fifty-two week low of $120.21 and a fifty-two week high of $191.75. The company has a 50 day simple moving average of $161.87 and a two-hundred day simple moving average of $168.40. The company has a market capitalization of $2.01 trillion, a price-to-earnings ratio of 24.96, a P/E/G ratio of 1.21 and a beta of 1.04. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, beating 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 business had revenue of $84.74 billion during the quarter, compared to the consensus estimate of $70.60 billion. During the same quarter last year, the firm earned $1.44 earnings per share. Analysts expect that Alphabet Inc. will post 7.64 EPS for the current fiscal year.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 2,835 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $151.53, for a total transaction of $429,587.55. Following the completion of the transaction, the chief accounting officer now owns 29,182 shares of the company’s stock, valued at approximately $4,421,948.46. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO Amie Thuener O’toole sold 2,835 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $151.53, for a total transaction of $429,587.55. Following the completion of the sale, the chief accounting officer now owns 29,182 shares of the company’s stock, valued at $4,421,948.46. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Prabhakar Raghavan sold 34,257 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the sale, the senior vice president now directly owns 312,210 shares of the company’s stock, valued at $50,765,346. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 220,426 shares of company stock valued at $35,993,340. Corporate insiders own 11.55% of the company’s stock.

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.