Alphabet Inc. (NASDAQ:GOOG) Shares Acquired by Berman Capital Advisors LLC

Berman Capital Advisors LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 29.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 875 shares of the information services provider’s stock after buying an additional 198 shares during the quarter. Berman Capital Advisors LLC’s holdings in Alphabet were worth $2,192,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GOOG. Saban Cheryl acquired a new stake in shares of Alphabet in the 2nd quarter worth $25,000. Laurel Wealth Planning LLC boosted its holdings in Alphabet by 450.0% during the 2nd quarter. Laurel Wealth Planning LLC now owns 11 shares of the information services provider’s stock valued at $28,000 after acquiring an additional 9 shares during the period. Corsicana & Co. acquired a new stake in Alphabet in the 2nd quarter valued at about $50,000. Selective Wealth Management Inc. raised its position in Alphabet by 29.4% in the 2nd quarter. Selective Wealth Management Inc. now owns 22 shares of the information services provider’s stock valued at $55,000 after purchasing an additional 5 shares in the last quarter. Finally, Anfield Capital Management LLC acquired a new stake in Alphabet in the 2nd quarter valued at about $63,000. 31.55% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Ann Mather sold 17 shares of the company’s stock in a transaction that occurred on Thursday, September 2nd. The stock was sold at an average price of $2,918.99, for a total transaction of $49,622.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 48 shares of the company’s stock in a transaction that occurred on Thursday, July 1st. The shares were sold at an average price of $2,496.99, for a total value of $119,855.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 464,489 shares of company stock valued at $334,390,376. 12.99% of the stock is owned by corporate insiders.

Several research analysts have commented on the company. UBS Group reaffirmed a “buy” rating and set a $3,190.00 price target on shares of Alphabet in a research report on Tuesday, August 10th. Needham & Company LLC lifted their target price on Alphabet from $2,700.00 to $3,200.00 and gave the company a “buy” rating in a research note on Wednesday, July 28th. Truist lifted their price target on Alphabet from $2,800.00 to $3,100.00 and gave the company a “buy” rating in a research note on Wednesday, July 28th. Morgan Stanley lifted their price target on Alphabet from $2,575.00 to $3,000.00 and gave the company an “overweight” rating in a research note on Wednesday, July 28th. Finally, Wolfe Research lifted their price target on Alphabet from $2,900.00 to $3,400.00 and gave the company an “outperform” rating in a research note on Wednesday, July 28th. Three investment analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $3,087.17.

Alphabet stock traded up $20.26 during midday trading on Wednesday, hitting $2,813.19. The stock had a trading volume of 13,672 shares, compared to its average volume of 1,319,293. The company has a current ratio of 3.15, a quick ratio of 3.14 and a debt-to-equity ratio of 0.06. The stock has a market cap of $1.88 trillion, a P/E ratio of 30.28, a P/E/G ratio of 1.85 and a beta of 1.00. Alphabet Inc. has a 12 month low of $1,407.70 and a 12 month high of $2,936.41. The business has a fifty day moving average price of $2,784.94 and a 200 day moving average price of $2,494.93.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Monday, July 26th. The information services provider reported $27.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $19.89 by $7.37. The firm had revenue of $61.88 billion during the quarter, compared to analyst estimates of $56.08 billion. Alphabet had a return on equity of 27.87% and a net margin of 28.57%. Alphabet’s quarterly revenue was up 61.6% on a year-over-year basis. During the same period in the previous year, the company earned $10.13 earnings per share. On average, equities analysts anticipate that Alphabet Inc. will post 101.86 EPS for the current fiscal year.

Alphabet Company Profile

Alphabet, Inc is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as ads, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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