Wealth Architects LLC Raises Stake in Alphabet Inc. (GOOG)
Wealth Architects LLC boosted its stake in Alphabet Inc. (NASDAQ:GOOG) by 4.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 899 shares of the information services provider’s stock after buying an additional 37 shares during the period. Wealth Architects LLC’s holdings in Alphabet were worth $746,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the company. Capital One National Association raised its position in shares of Alphabet by 32.5% in the first quarter. Capital One National Association now owns 3,122 shares of the information services provider’s stock valued at $2,590,000 after buying an additional 765 shares during the last quarter. Wrapmanager Inc. raised its position in shares of Alphabet by 9.9% in the first quarter. Wrapmanager Inc. now owns 810 shares of the information services provider’s stock valued at $672,000 after buying an additional 73 shares during the last quarter. Alpha Cubed Investments LLC raised its position in shares of Alphabet by 7.7% in the first quarter. Alpha Cubed Investments LLC now owns 2,656 shares of the information services provider’s stock valued at $2,203,000 after buying an additional 191 shares during the last quarter. Nwam LLC raised its position in shares of Alphabet by 20.4% in the first quarter. Nwam LLC now owns 1,640 shares of the information services provider’s stock valued at $1,360,000 after buying an additional 278 shares during the last quarter. Finally, Syntal Capital Partners LLC raised its position in shares of Alphabet by 15.0% in the first quarter. Syntal Capital Partners LLC now owns 459 shares of the information services provider’s stock valued at $380,000 after buying an additional 60 shares during the last quarter. 34.54% of the stock is currently owned by institutional investors.
Alphabet Inc. (NASDAQ GOOG) traded down 0.118% during midday trading on Tuesday, hitting $912.735. 208,516 shares of the stock were exchanged. Alphabet Inc. has a 52 week low of $727.54 and a 52 week high of $988.25. The stock has a market cap of $632.41 billion, a price-to-earnings ratio of 33.078 and a beta of 0.94. The firm’s 50-day moving average is $934.52 and its 200 day moving average is $896.81.
Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, topping the consensus estimate of $4.43 by $0.58. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The company had revenue of $26.01 billion during the quarter, compared to analysts’ expectations of $25.61 billion. During the same quarter in the previous year, the company earned $8.42 EPS. Alphabet’s revenue was up 21.0% on a year-over-year basis. Equities research analysts expect that Alphabet Inc. will post $30.59 EPS for the current fiscal year.
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Several brokerages have issued reports on GOOG. Vetr raised Alphabet from a “buy” rating to a “strong-buy” rating and set a $1,031.46 price objective on the stock in a report on Monday. Monness Crespi & Hardt reaffirmed a “buy” rating on shares of Alphabet in a report on Saturday. Robert W. Baird reaffirmed an “outperform” rating and set a $1,100.00 price objective on shares of Alphabet in a report on Saturday. BidaskClub raised Alphabet from a “hold” rating to a “buy” rating in a report on Friday. Finally, UBS AG reaffirmed an “overweight” rating on shares of Alphabet in a report on Thursday, August 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $1,030.47.
In other news, VP James Grier Campbell sold 183 shares of Alphabet stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $968.95, for a total transaction of $177,317.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ann Mather sold 629 shares of Alphabet stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $932.28, for a total transaction of $586,404.12. Following the sale, the director now owns 1,781 shares of the company’s stock, valued at approximately $1,660,390.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,169 shares of company stock valued at $44,206,482. 13.92% of the stock is owned by corporate insiders.
Alphabet Company Profile
Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.
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