Opal Wealth Advisors LLC Purchases 486 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Opal Wealth Advisors LLC grew its position in Alphabet Inc. (NASDAQ:GOOGL) by 7.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,056 shares of the information services provider’s stock after purchasing an additional 486 shares during the quarter. Opal Wealth Advisors LLC’s holdings in Alphabet were worth $1,170,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GOOGL. Riverview Trust Co raised its position in shares of Alphabet by 3.2% in the first quarter. Riverview Trust Co now owns 7,758 shares of the information services provider’s stock valued at $1,171,000 after purchasing an additional 240 shares during the period. Mechanics Bank Trust Department raised its position in shares of Alphabet by 1.9% in the first quarter. Mechanics Bank Trust Department now owns 133,661 shares of the information services provider’s stock valued at $20,173,000 after purchasing an additional 2,430 shares during the period. West Coast Financial LLC increased its position in Alphabet by 1.9% during the first quarter. West Coast Financial LLC now owns 134,101 shares of the information services provider’s stock worth $20,240,000 after acquiring an additional 2,437 shares during the period. Fermata Advisors LLC increased its position in Alphabet by 36.8% during the first quarter. Fermata Advisors LLC now owns 5,809 shares of the information services provider’s stock worth $877,000 after acquiring an additional 1,563 shares during the period. Finally, Dynamic Advisor Solutions LLC increased its position in Alphabet by 2.7% during the first quarter. Dynamic Advisor Solutions LLC now owns 142,098 shares of the information services provider’s stock worth $21,447,000 after acquiring an additional 3,708 shares during the period. Institutional investors own 40.03% of the company’s stock.

Insiders Place Their Bets

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $166.30, for a total transaction of $3,741,750.00. Following the completion of the transaction, the chief executive officer now owns 2,106,806 shares of the company’s stock, valued at $350,361,837.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $166.30, for a total value of $3,741,750.00. Following the completion of the sale, the chief executive officer now owns 2,106,806 shares of the company’s stock, valued at approximately $350,361,837.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Prabhakar Raghavan sold 34,257 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $162.60, for a total value of $5,570,188.20. Following the completion of the sale, the senior vice president now directly owns 312,210 shares of the company’s stock, valued at approximately $50,765,346. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 220,426 shares of company stock valued at $35,993,340 in the last quarter. 11.55% of the stock is currently owned by insiders.

Alphabet Stock Performance

Shares of GOOGL stock opened at $162.72 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08. The stock has a market cap of $2.01 trillion, a PE ratio of 24.96, a price-to-earnings-growth ratio of 1.21 and a beta of 1.04. The stock has a 50-day moving average of $161.87 and a 200-day moving average of $168.40. Alphabet Inc. has a one year low of $120.21 and a one year high of $191.75.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.04. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The business had revenue of $84.74 billion during the quarter, compared to analyst estimates of $70.60 billion. During the same period in the previous year, the firm earned $1.44 EPS. As a group, sell-side analysts expect that Alphabet Inc. will post 7.64 earnings per share for the current year.

Analyst Ratings Changes

GOOGL has been the topic of a number of research reports. Wells Fargo & Company dropped their target price on shares of Alphabet from $190.00 to $182.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 2nd. Guggenheim boosted their target price on shares of Alphabet from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Evercore ISI dropped their target price on shares of Alphabet from $225.00 to $200.00 and set an “outperform” rating on the stock in a research report on Monday, September 16th. DA Davidson assumed coverage on shares of Alphabet in a research report on Tuesday, September 10th. They set a “neutral” rating and a $170.00 target price on the stock. Finally, Morgan Stanley decreased their price target on shares of Alphabet from $205.00 to $190.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. Eight equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat, Alphabet has an average rating of “Moderate Buy” and a consensus price target of $201.76.

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.