Wealth Advisory Solutions LLC Has $1.24 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

Wealth Advisory Solutions LLC grew its position in Alphabet Inc. (NASDAQ:GOOGL) by 3.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 7,459 shares of the information services provider’s stock after buying an additional 239 shares during the period. Wealth Advisory Solutions LLC’s holdings in Alphabet were worth $1,237,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Arlington Partners LLC increased its stake in shares of Alphabet by 17.8% in the 3rd quarter. Arlington Partners LLC now owns 22,267 shares of the information services provider’s stock valued at $3,693,000 after acquiring an additional 3,367 shares during the last quarter. Trilogy Capital Inc. lifted its stake in Alphabet by 17.3% in the 3rd quarter. Trilogy Capital Inc. now owns 16,283 shares of the information services provider’s stock valued at $2,701,000 after acquiring an additional 2,397 shares in the last quarter. Koss Olinger Consulting LLC grew its position in Alphabet by 5.6% in the third quarter. Koss Olinger Consulting LLC now owns 4,716 shares of the information services provider’s stock valued at $782,000 after purchasing an additional 250 shares in the last quarter. Gilliland Jeter Wealth Management LLC increased its position in shares of Alphabet by 0.6% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 11,842 shares of the information services provider’s stock valued at $1,964,000 after acquiring an additional 69 shares during the last quarter. Finally, Violich Capital Management Inc. boosted its holdings in shares of Alphabet by 1.3% in the 3rd quarter. Violich Capital Management Inc. now owns 333,115 shares of the information services provider’s stock valued at $55,247,000 after buying an additional 4,175 shares during the last quarter. 40.03% of the stock is owned by institutional investors.

Alphabet Stock Up 2.8 %

GOOGL stock opened at $174.46 on Thursday. The firm has a market capitalization of $2.16 trillion, a PE ratio of 26.76, a P/E/G ratio of 1.27 and a beta of 1.04. The stock’s 50 day moving average is $162.17 and its 200-day moving average is $168.78. Alphabet Inc. has a twelve month low of $122.68 and a twelve month high of $191.75. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.29. The company had revenue of $88.27 billion during the quarter, compared to analyst estimates of $72.85 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. During the same period in the prior year, the company posted $1.55 earnings per share. Sell-side analysts expect that Alphabet Inc. will post 7.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on GOOGL shares. Loop Capital reaffirmed a “hold” rating and issued a $170.00 price objective on shares of Alphabet in a research report on Wednesday, July 3rd. Wolfe Research initiated coverage on Alphabet in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $240.00 price target on the stock. TD Securities raised their target price on Alphabet from $200.00 to $220.00 in a report on Wednesday, July 10th. Citigroup boosted their target price on shares of Alphabet from $190.00 to $212.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Finally, Wedbush reissued an “outperform” rating and set a $205.00 target price on shares of Alphabet in a report on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, thirty have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and a consensus target price of $205.51.

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction dated 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 approximately $5,264,112. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CAO Amie Thuener O’toole sold 682 shares of Alphabet 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 completion of the transaction, the chief accounting officer now directly 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Kent Walker sold 21,467 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $160.35, for a total transaction of $3,442,233.45. Following the completion of the transaction, the insider now owns 39,334 shares of the company’s stock, valued at $6,307,206.90. This trade represents a 0.00 % decrease in their ownership of the stock. 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 quarter. Insiders own 11.55% of the company’s stock.

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.