Clarity Wealth Advisors LLC Has $6.80 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

Clarity Wealth Advisors LLC raised its position in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 1.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 51,952 shares of the information services provider’s stock after purchasing an additional 808 shares during the quarter. Alphabet makes up approximately 3.1% of Clarity Wealth Advisors LLC’s investment portfolio, making the stock its 9th largest holding. Clarity Wealth Advisors LLC’s holdings in Alphabet were worth $6,798,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Alphabet by 1,919.4% during the 3rd quarter. Vanguard Group Inc. now owns 477,035,902 shares of the information services provider’s stock worth $45,628,484,000 after buying an additional 453,413,389 shares in the last quarter. State Street Corp boosted its holdings in shares of Alphabet by 0.8% during the 2nd quarter. State Street Corp now owns 218,540,033 shares of the information services provider’s stock worth $26,159,242,000 after buying an additional 1,666,205 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its holdings in shares of Alphabet by 111,197.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 170,420,243 shares of the information services provider’s stock worth $15,036,178,000 after buying an additional 170,267,122 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Alphabet by 2.3% during the 2nd quarter. Geode Capital Management LLC now owns 121,308,289 shares of the information services provider’s stock worth $14,481,781,000 after buying an additional 2,731,671 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Alphabet by 1,759.2% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 116,116,066 shares of the information services provider’s stock worth $11,106,502,000 after purchasing an additional 109,870,525 shares in the last quarter. Institutional investors and hedge funds own 35.08% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Monness Crespi & Hardt cut Alphabet from a “buy” rating to a “neutral” rating in a report on Wednesday, October 25th. Royal Bank of Canada reiterated an “outperform” rating and issued a $155.00 target price on shares of Alphabet in a report on Wednesday, January 31st. StockNews.com upgraded Alphabet from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 20th. Morgan Stanley cut their target price on Alphabet from $155.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, October 25th. Finally, Roth Mkm cut their target price on Alphabet from $166.00 to $164.00 and set a “buy” rating on the stock in a report on Wednesday, January 31st. Five analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $153.65.

View Our Latest Research Report on Alphabet

Alphabet Trading Up 2.1 %

Shares of Alphabet stock opened at $149.00 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. The stock has a market capitalization of $1.86 trillion, a P/E ratio of 25.69, a P/E/G ratio of 1.35 and a beta of 1.06. Alphabet Inc. has a 52-week low of $88.57 and a 52-week high of $153.78. The stock’s 50-day simple moving average is $140.72 and its 200 day simple moving average is $135.62.

Alphabet (NASDAQ:GOOGLGet Free Report) last posted its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The business had revenue of $86.31 billion during the quarter, compared to analyst estimates of $70.77 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. During the same quarter in the previous year, the firm earned $1.05 EPS. As a group, research analysts anticipate that Alphabet Inc. will post 6.76 EPS for the current year.

Insider Buying and Selling at Alphabet

In other news, Director Frances Arnold sold 230 shares of the business’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total transaction of $35,433.80. Following the completion of the transaction, the director now owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Alphabet news, SVP Prabhakar Raghavan sold 16,088 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $139.10, for a total value of $2,237,840.80. Following the completion of the sale, the senior vice president now owns 52,440 shares of the company’s stock, valued at $7,294,404. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Frances Arnold sold 230 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total value of $35,433.80. Following the completion of the sale, the director now directly owns 15,104 shares of the company’s stock, valued at approximately $2,326,922.24. The disclosure for this sale can be found here. Insiders sold 136,974 shares of company stock valued at $19,427,217 in the last quarter. 0.88% of the stock is currently owned by corporate insiders.

About Alphabet

(Free Report)

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, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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