Alphabet Inc. (NASDAQ:GOOG) Position Boosted by Mowery & Schoenfeld Wealth Management LLC

Mowery & Schoenfeld Wealth Management LLC grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 14.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,446 shares of the information services provider’s stock after purchasing an additional 675 shares during the period. Alphabet makes up 1.4% of Mowery & Schoenfeld Wealth Management LLC’s portfolio, making the stock its 13th biggest holding. Mowery & Schoenfeld Wealth Management LLC’s holdings in Alphabet were worth $911,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Mason & Associates Inc boosted its holdings in shares of Alphabet by 121.2% in the third quarter. Mason & Associates Inc now owns 15,425 shares of the information services provider’s stock worth $2,579,000 after buying an additional 8,452 shares during the period. Yoder Wealth Management Inc. boosted its holdings in shares of Alphabet by 6.2% in the third quarter. Yoder Wealth Management Inc. now owns 5,664 shares of the information services provider’s stock worth $947,000 after buying an additional 330 shares during the period. Jackson Wealth Management LLC boosted its holdings in shares of Alphabet by 69.5% in the third quarter. Jackson Wealth Management LLC now owns 40,937 shares of the information services provider’s stock worth $6,844,000 after buying an additional 16,790 shares during the period. DORCHESTER WEALTH MANAGEMENT Co boosted its holdings in shares of Alphabet by 2.0% in the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 95,857 shares of the information services provider’s stock worth $16,026,000 after buying an additional 1,842 shares during the period. Finally, Impact Partnership Wealth LLC boosted its holdings in shares of Alphabet by 7.0% in the third quarter. Impact Partnership Wealth LLC now owns 1,823 shares of the information services provider’s stock worth $305,000 after buying an additional 119 shares during the period. Institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 2,835 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $151.53, for a total transaction of $429,587.55. Following the transaction, the chief accounting officer now owns 29,182 shares of the company’s stock, valued at approximately $4,421,948.46. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Alphabet news, CAO Amie Thuener O’toole sold 2,835 shares of Alphabet stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $151.53, for a total transaction of $429,587.55. Following the sale, the chief accounting officer now owns 29,182 shares in the company, valued at $4,421,948.46. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction 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 sale, the chief executive officer now owns 2,106,806 shares in the company, valued at $350,361,837.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 220,426 shares of company stock valued at $35,993,340. 12.99% of the stock is owned by company insiders.

Alphabet Price Performance

Shares of GOOG opened at $166.99 on Friday. Alphabet Inc. has a twelve month low of $121.46 and a twelve month high of $193.31. The firm has a market cap of $2.06 trillion, a PE ratio of 25.61, a PEG ratio of 1.21 and a beta of 1.04. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08. The firm’s 50 day moving average price is $163.31 and its 200 day moving average price is $169.88.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Tuesday, July 23rd. The information services provider reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.04. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The company had revenue of $84.74 billion for the quarter, compared to analyst estimates of $84.22 billion. During the same quarter last year, the firm posted $1.44 earnings per share. The company’s quarterly revenue was up 13.6% compared to the same quarter last year. As a group, research analysts expect that Alphabet Inc. will post 7.64 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on GOOG. DA Davidson upgraded shares of Alphabet to a “hold” rating in a report on Tuesday, September 10th. UBS Group decreased their price target on shares of Alphabet from $204.00 to $187.00 and set a “neutral” rating for the company in a report on Monday, October 7th. TD Cowen raised their price target on shares of Alphabet from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Pivotal Research assumed coverage on shares of Alphabet in a report on Tuesday, October 1st. They set a “buy” rating and a $215.00 price target for the company. Finally, Rosenblatt Securities lowered shares of Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price objective on the stock. in a research report on Friday, June 28th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and an average target price of $186.90.

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.