Strata Wealth Advisors LLC Has $3.80 Million Stock Position in Alphabet Inc. $GOOG

Strata Wealth Advisors LLC decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,404 shares of the information services provider’s stock after selling 108 shares during the quarter. Alphabet makes up about 1.0% of Strata Wealth Advisors LLC’s holdings, making the stock its 17th biggest position. Strata Wealth Advisors LLC’s holdings in Alphabet were worth $3,797,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Avion Wealth increased its stake in shares of Alphabet by 72.8% during the 2nd quarter. Avion Wealth now owns 2,106 shares of the information services provider’s stock worth $373,000 after purchasing an additional 887 shares during the last quarter. Briaud Financial Planning Inc acquired a new position in shares of Alphabet during the 2nd quarter worth $39,000. FSM Wealth Advisors LLC increased its stake in shares of Alphabet by 38.9% during the 2nd quarter. FSM Wealth Advisors LLC now owns 28,276 shares of the information services provider’s stock worth $5,021,000 after purchasing an additional 7,912 shares during the last quarter. First Citizens Bank & Trust Co. increased its stake in shares of Alphabet by 22.8% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 180,648 shares of the information services provider’s stock worth $32,045,000 after purchasing an additional 33,500 shares during the last quarter. Finally, Roman Butler Fullerton & Co. increased its stake in shares of Alphabet by 5.7% during the 2nd quarter. Roman Butler Fullerton & Co. now owns 31,628 shares of the information services provider’s stock worth $6,138,000 after purchasing an additional 1,696 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Pivotal Research raised their target price on shares of Alphabet from $245.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, September 3rd. Scotiabank reiterated an “outperform” rating and issued a $310.00 target price on shares of Alphabet in a research note on Thursday, October 16th. Barclays reiterated a “buy” rating on shares of Alphabet in a research note on Wednesday, July 9th. Roth Capital reiterated a “buy” rating on shares of Alphabet in a research note on Wednesday, July 9th. Finally, JPMorgan Chase & Co. raised their target price on shares of Alphabet from $232.00 to $260.00 and gave the company an “overweight” rating in a research note on Wednesday, September 3rd. Six research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and an average price target of $249.68.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 2,778 shares of the firm’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $250.05, for a total value of $694,638.90. Following the sale, the chief accounting officer directly owned 14,516 shares in the company, valued at $3,629,725.80. This trade represents a 16.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John Kent Walker sold 17,816 shares of the firm’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $247.42, for a total transaction of $4,408,034.72. Following the completion of the sale, the insider owned 42,985 shares in the company, valued at $10,635,348.70. This represents a 29.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 246,150 shares of company stock worth $55,805,379. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Stock Performance

NASDAQ GOOG opened at $260.51 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a market capitalization of $3.15 trillion, a price-to-earnings ratio of 27.74, a P/E/G ratio of 1.76 and a beta of 1.00. The company’s fifty day moving average is $237.33 and its two-hundred day moving average is $196.66. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $262.51.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.19. The company had revenue of $96.43 billion for the quarter, compared to analyst estimates of $93.67 billion. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The business’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the business posted $1.89 EPS. Equities research analysts forecast that Alphabet Inc. will post 8.89 EPS for the current year.

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.