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

Beirne Wealth Consulting Services LLC increased its stake in Alphabet Inc. (NASDAQ:GOOG) by 4.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,002 shares of the information services provider’s stock after purchasing an additional 170 shares during the period. Beirne Wealth Consulting Services LLC’s holdings in Alphabet were worth $710,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IFS Advisors LLC boosted its stake in Alphabet by 400.0% in the 2nd quarter. IFS Advisors LLC now owns 150 shares of the information services provider’s stock worth $27,000 after purchasing an additional 120 shares during the period. Robbins Farley increased its stake in Alphabet by 60.0% in the 2nd quarter. Robbins Farley now owns 160 shares of the information services provider’s stock valued at $28,000 after buying an additional 60 shares during the last quarter. WestEnd Advisors LLC increased its stake in Alphabet by 58.7% in the 2nd quarter. WestEnd Advisors LLC now owns 165 shares of the information services provider’s stock valued at $29,000 after buying an additional 61 shares during the last quarter. Fairman Group LLC increased its stake in Alphabet by 121.3% in the 2nd quarter. Fairman Group LLC now owns 177 shares of the information services provider’s stock valued at $31,000 after buying an additional 97 shares during the last quarter. Finally, Greykasell Wealth Strategies Inc. acquired a new stake in Alphabet in the 1st quarter valued at $32,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Alphabet Trading Up 2.4%

Shares of NASDAQ:GOOG opened at $281.90 on Friday. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $291.93. The company has a market capitalization of $3.41 trillion, a P/E ratio of 27.80, a price-to-earnings-growth ratio of 1.86 and a beta of 1.00. The company has a 50-day simple moving average of $243.09 and a 200 day simple moving average of $199.85. 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 issued its earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.58. Alphabet had a net margin of 32.23% and a return on equity of 36.08%. The business had revenue of $102.35 billion during the quarter, compared to the consensus estimate of $99.90 billion. During the same period last year, the business posted $2.12 EPS. Alphabet’s revenue was up 15.9% on a year-over-year basis. Sell-side analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on GOOG shares. Hsbc Global Res upgraded shares of Alphabet to a “strong-buy” rating in a research note on Tuesday, October 7th. Phillip Securities downgraded shares of Alphabet from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, September 8th. Roth Capital restated a “buy” rating on shares of Alphabet in a research note on Wednesday, July 9th. DA Davidson set a $825.00 price objective on shares of Alphabet in a research note on Monday. Finally, BMO Capital Markets restated an “outperform” rating and set a $340.00 price objective on shares of Alphabet in a research note on Thursday. Five analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and an average target price of $324.81.

Insiders Place Their Bets

In related news, insider John Kent Walker sold 17,816 shares of Alphabet stock in a transaction dated Monday, September 29th. The shares were 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 of the company’s stock, valued at approximately $10,635,348.70. The trade was a 29.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $250.15, for a total transaction of $8,129,875.00. Following the sale, the chief executive officer directly owned 2,369,619 shares of the company’s stock, valued at $592,760,192.85. The trade was a 1.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 246,150 shares of company stock worth $55,805,379 in the last three months. Insiders own 12.99% of the company’s stock.

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.