Wipfli Financial Advisors LLC Invests $7.76 Million in Alphabet Inc. (NASDAQ:GOOGL)

Wipfli Financial Advisors LLC acquired a new position in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) in the 3rd quarter, HoldingsChannel reports. The firm acquired 81,107 shares of the information services provider’s stock, valued at approximately $7,758,000. Alphabet makes up approximately 0.5% of Wipfli Financial Advisors LLC’s portfolio, making the stock its 22nd largest position.

Other hedge funds also recently modified their holdings of the company. Artemis Wealth Advisors LLC grew its stake in shares of Alphabet by 1,900.0% during the third quarter. Artemis Wealth Advisors LLC now owns 280 shares of the information services provider’s stock valued at $27,000 after purchasing an additional 266 shares during the last quarter. Horizons Wealth Management bought a new position in Alphabet in the second quarter valued at approximately $33,000. Schubert & Co boosted its stake in Alphabet by 1,200.0% in the third quarter. Schubert & Co now owns 364 shares of the information services provider’s stock valued at $35,000 after acquiring an additional 336 shares during the last quarter. Carolina Wealth Advisors LLC boosted its stake in Alphabet by 1,900.0% in the third quarter. Carolina Wealth Advisors LLC now owns 400 shares of the information services provider’s stock valued at $38,000 after acquiring an additional 380 shares during the last quarter. Finally, Cardinal Capital Management Inc. bought a new position in Alphabet in the second quarter valued at approximately $41,000. Institutional investors and hedge funds own 34.06% of the company’s stock.

Alphabet Stock Performance

Shares of GOOGL stock opened at $93.05 on Friday. The company has a market capitalization of $1.20 trillion, a price-to-earnings ratio of 18.48, a PEG ratio of 1.62 and a beta of 1.09. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.47 and a current ratio of 2.52. The company has a 50-day simple moving average of $93.00 and a 200 day simple moving average of $101.63. Alphabet Inc. has a 52 week low of $83.34 and a 52 week high of $151.55.

Alphabet (NASDAQ:GOOGLGet Rating) last announced its earnings results on Tuesday, October 25th. The information services provider reported $1.06 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.19). The company had revenue of $57.27 billion for the quarter, compared to the consensus estimate of $58.36 billion. Alphabet had a return on equity of 26.41% and a net margin of 23.75%. During the same period in the previous year, the firm posted $1.40 EPS. On average, sell-side analysts predict that Alphabet Inc. will post 4.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GOOGL. Cowen reduced their price objective on shares of Alphabet to $135.00 in a research note on Thursday, October 27th. KeyCorp reduced their price objective on shares of Alphabet from $125.00 to $120.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 25th. Susquehanna Bancshares reduced their price objective on shares of Alphabet from $150.00 to $120.00 and set a “positive” rating on the stock in a research note on Wednesday, October 26th. Credit Suisse Group reduced their price target on shares of Alphabet from $134.00 to $128.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Finally, The Goldman Sachs Group reduced their price target on shares of Alphabet to $135.00 in a research report on Thursday, October 27th. Five analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.13.

Insider Buying and Selling

In related news, Director Ann Mather sold 280 shares of Alphabet stock in a transaction dated 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 of the company’s stock, valued at approximately $1,156,176. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv acquired 800,000 shares of the business’s stock in a transaction on Monday, October 24th. The stock was purchased at an average price of $17.00 per share, with a total value of $13,600,000.00. Following the acquisition, the insider now directly owns 11,522,248 shares of the company’s stock, valued at approximately $195,878,216. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ann Mather sold 280 shares of the business’s stock in a transaction dated 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 directly owns 11,200 shares of the company’s stock, valued at approximately $1,156,176. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 1,461,702 shares of company stock valued at $36,999,217 and sold 190,744 shares valued at $8,564,640. 11.44% of the stock is currently owned by insiders.

Alphabet Company Profile

(Get Rating)

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.

See Also

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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