Alphabet Inc. $GOOG Shares Bought by Center for Financial Planning Inc.

Center for Financial Planning Inc. grew its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 19,592 shares of the information services provider’s stock after acquiring an additional 375 shares during the period. Alphabet comprises about 0.4% of Center for Financial Planning Inc.’s holdings, making the stock its 16th largest position. Center for Financial Planning Inc.’s holdings in Alphabet were worth $3,475,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Twin City Private Wealth LLC boosted its position in shares of Alphabet by 1.3% in the second quarter. Twin City Private Wealth LLC now owns 6,497 shares of the information services provider’s stock worth $1,152,000 after buying an additional 83 shares during the period. Balentine LLC boosted its position in shares of Alphabet by 14.8% in the second quarter. Balentine LLC now owns 4,502 shares of the information services provider’s stock worth $799,000 after buying an additional 580 shares during the period. Syverson Strege & Co boosted its position in shares of Alphabet by 266.1% in the second quarter. Syverson Strege & Co now owns 4,734 shares of the information services provider’s stock worth $840,000 after buying an additional 3,441 shares during the period. Saxony Capital Management LLC boosted its position in shares of Alphabet by 35.7% in the second quarter. Saxony Capital Management LLC now owns 3,500 shares of the information services provider’s stock worth $621,000 after buying an additional 920 shares during the period. Finally, Great Lakes Retirement Inc. boosted its position in shares of Alphabet by 17.8% in the second quarter. Great Lakes Retirement Inc. now owns 2,212 shares of the information services provider’s stock worth $392,000 after buying an additional 334 shares during the period. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 2,778 shares of the stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $250.05, for a total transaction of $694,638.90. Following the sale, the chief accounting officer directly owned 14,516 shares in the company, valued at approximately $3,629,725.80. This represents a 16.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 600 shares of the stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $242.92, for a total value of $145,752.00. Following the sale, the director owned 5,116 shares in the company, valued at $1,242,778.72. The trade was a 10.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 222,330 shares of company stock worth $51,167,625. Corporate insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on GOOG. Bank of America increased their price target on Alphabet from $280.00 to $335.00 and gave the company a “buy” rating in a report on Thursday. Oppenheimer increased their price target on Alphabet from $300.00 to $345.00 and gave the company an “outperform” rating in a report on Thursday. Wells Fargo & Company reissued an “equal weight” rating on shares of Alphabet in a report on Wednesday, July 9th. Jefferies Financial Group increased their price target on Alphabet from $285.00 to $320.00 and gave the company a “buy” rating in a report on Thursday. Finally, UBS Group reissued a “neutral” rating on shares of Alphabet in a report on Thursday. Five research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $324.81.

Alphabet Stock Down 0.0%

Shares of Alphabet stock opened at $281.82 on Monday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. The business’s 50 day simple moving average is $244.59 and its 200-day simple moving average is $201.30. The stock has a market capitalization of $3.41 trillion, a price-to-earnings ratio of 27.79, a PEG ratio of 1.86 and a beta of 1.00. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $291.93.

Alphabet (NASDAQ:GOOG) last announced its quarterly 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 business had revenue of $102.35 billion for the quarter, compared to analysts’ expectations of $99.90 billion. Alphabet had a return on equity of 36.08% and a net margin of 32.23%.The business’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.12 EPS. Equities research analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current year.

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.