Beirne Wealth Consulting Services LLC Has $710,000 Holdings in Alphabet Inc. $GOOG

Beirne Wealth Consulting Services LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 4.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,002 shares of the information services provider’s stock after acquiring an additional 170 shares during the period. Beirne Wealth Consulting Services LLC’s holdings in Alphabet were worth $710,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. RDA Financial Network raised its position in shares of Alphabet by 5.3% in the second quarter. RDA Financial Network now owns 11,094 shares of the information services provider’s stock valued at $1,968,000 after buying an additional 554 shares in the last quarter. Bleakley Financial Group LLC raised its position in shares of Alphabet by 1.4% in the second quarter. Bleakley Financial Group LLC now owns 170,020 shares of the information services provider’s stock valued at $30,160,000 after buying an additional 2,304 shares in the last quarter. Oldfather Financial Services LLC acquired a new stake in shares of Alphabet in the second quarter valued at approximately $213,000. Tower View Wealth Management LLC raised its position in shares of Alphabet by 6.9% in the second quarter. Tower View Wealth Management LLC now owns 27,644 shares of the information services provider’s stock valued at $4,904,000 after buying an additional 1,776 shares in the last quarter. Finally, Dock Street Asset Management Inc. raised its position in shares of Alphabet by 0.8% in the second quarter. Dock Street Asset Management Inc. now owns 234,306 shares of the information services provider’s stock valued at $41,563,000 after buying an additional 1,970 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Performance

NASDAQ GOOG opened at $281.90 on Friday. The firm’s fifty day moving average price is $243.09 and its two-hundred day moving average price is $199.85. The stock has a market cap of $3.41 trillion, a PE ratio of 27.80, a PEG ratio of 1.86 and a beta of 1.00. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $291.93. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.58. The firm had revenue of $102.35 billion for the quarter, compared to analysts’ expectations of $99.90 billion. Alphabet had a net margin of 32.23% and a return on equity of 36.08%. The company’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.12 earnings per share. On average, equities analysts expect that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Insider Activity

In other Alphabet news, Director John L. Hennessy sold 600 shares of the business’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $242.92, for a total transaction of $145,752.00. Following the sale, the director owned 5,116 shares of the company’s stock, valued at approximately $1,242,778.72. The trade was a 10.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John Kent Walker sold 17,816 shares of the business’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 sale, the insider directly owned 42,985 shares in the company, valued at approximately $10,635,348.70. The trade was a 29.30% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 246,150 shares of company stock valued at $55,805,379. 12.99% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on GOOG shares. HSBC reaffirmed a “buy” rating and set a $335.00 price target on shares of Alphabet in a report on Thursday. UBS Group restated a “neutral” rating on shares of Alphabet in a research report on Thursday. Morgan Stanley boosted their price objective on shares of Alphabet from $210.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, October 2nd. Cowen restated a “buy” rating on shares of Alphabet in a research report on Thursday. Finally, Barclays boosted their price objective on shares of Alphabet from $250.00 to $315.00 and gave the company an “overweight” rating in a research report on Thursday. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and a consensus price target of $324.81.

Alphabet Company 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.