Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by TrueWealth Advisors LLC

TrueWealth Advisors LLC lifted its holdings in Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 1,881.5% during the third quarter, Holdings Channel reports. The fund owned 2,675 shares of the information services provider’s stock after buying an additional 2,540 shares during the quarter. TrueWealth Advisors LLC’s holdings in Alphabet were worth $256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in GOOGL. Financial Enhancement Group LLC purchased a new stake in Alphabet during the first quarter worth $31,000. Horizons Wealth Management purchased a new stake in Alphabet during the second quarter worth $33,000. Schubert & Co boosted its holdings in Alphabet by 1,200.0% during the third quarter. Schubert & Co now owns 364 shares of the information services provider’s stock worth $35,000 after buying an additional 336 shares in the last quarter. Carolina Wealth Advisors LLC boosted its holdings in Alphabet by 1,900.0% during the third quarter. Carolina Wealth Advisors LLC now owns 400 shares of the information services provider’s stock worth $38,000 after buying an additional 380 shares in the last quarter. Finally, Advocacy Wealth Management Services LLC lifted its holdings in Alphabet by 72.7% during the second quarter. Advocacy Wealth Management Services LLC now owns 19 shares of the information services provider’s stock valued at $41,000 after purchasing an additional 8 shares in the last quarter. 34.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Mizuho decreased their price objective on shares of Alphabet from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, November 30th. StockNews.com assumed coverage on shares of Alphabet in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Rosenblatt Securities decreased their price objective on shares of Alphabet from $156.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, October 26th. Tigress Financial decreased their price objective on shares of Alphabet from $186.00 to $160.00 and set a “strong-buy” rating on the stock in a report on Friday. Finally, Credit Suisse Group decreased their price objective on shares of Alphabet from $134.00 to $128.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Five analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $132.00.

Insider Transactions at Alphabet

In other news, Director Ann Mather sold 280 shares of the business’s stock in a transaction that occurred on Tuesday, October 25th. The shares were sold at an average price of $103.23, for a total transaction of $28,904.40. Following the completion of the sale, the director now owns 11,200 shares in the company, valued at approximately $1,156,176. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Ann Mather sold 280 shares of the business’s stock in a transaction that occurred on Tuesday, October 25th. The shares were sold at an average price of $103.23, for a total transaction of $28,904.40. Following the completion of the sale, the director now owns 11,200 shares in the company, valued at approximately $1,156,176. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 855 shares of the business’s stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $90.85, for a total transaction of $77,676.75. Following the sale, the chief accounting officer now owns 24,694 shares of the company’s stock, valued at approximately $2,243,449.90. The disclosure for this sale can be found here. In the last quarter, insiders purchased 1,461,702 shares of company stock worth $36,999,217 and sold 190,744 shares worth $8,564,640. Insiders own 11.44% of the company’s stock.

Alphabet Stock Up 0.8 %

Shares of Alphabet stock opened at $88.02 on Tuesday. Alphabet Inc. has a 52-week low of $83.34 and a 52-week high of $151.55. The company has a 50 day moving average of $92.51 and a 200 day moving average of $102.81. The company has a quick ratio of 2.47, a current ratio of 2.52 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $1.14 trillion, a P/E ratio of 17.48, a P/E/G ratio of 1.53 and a beta of 1.09.

Alphabet (NASDAQ:GOOGLGet Rating) last issued its quarterly earnings results on Tuesday, October 25th. The information services provider reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.19). Alphabet had a return on equity of 26.41% and a net margin of 23.75%. The firm had revenue of $57.27 billion during the quarter, compared to analysts’ expectations of $58.36 billion. During the same quarter in the prior year, the firm earned $1.40 EPS. As a group, research analysts forecast that Alphabet Inc. will post 4.68 EPS for the current fiscal year.

Alphabet Profile

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Alphabet Inc provides 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 offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

Further Reading

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGLGet Rating).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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