Brandywine Oak Private Wealth LLC Has $5.80 Million Position in Alphabet Inc. $GOOGL

Brandywine Oak Private Wealth LLC cut its position in Alphabet Inc. (NASDAQ:GOOGL) by 0.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,922 shares of the information services provider’s stock after selling 124 shares during the quarter. Alphabet comprises about 0.5% of Brandywine Oak Private Wealth LLC’s portfolio, making the stock its 28th biggest holding. Brandywine Oak Private Wealth LLC’s holdings in Alphabet were worth $5,802,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GOOGL. Brighton Jones LLC boosted its holdings in Alphabet by 3.9% in the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock valued at $20,886,000 after purchasing an additional 4,110 shares during the period. Revolve Wealth Partners LLC increased its holdings in shares of Alphabet by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock worth $2,826,000 after purchasing an additional 506 shares during the period. GAMMA Investing LLC raised its position in shares of Alphabet by 10.5% in the first quarter. GAMMA Investing LLC now owns 103,870 shares of the information services provider’s stock valued at $16,062,000 after buying an additional 9,900 shares in the last quarter. HFG Advisors Inc. boosted its stake in shares of Alphabet by 16.8% in the first quarter. HFG Advisors Inc. now owns 2,094 shares of the information services provider’s stock valued at $324,000 after buying an additional 301 shares during the period. Finally, Luken Investment Analytics LLC boosted its stake in shares of Alphabet by 22.9% in the first quarter. Luken Investment Analytics LLC now owns 922 shares of the information services provider’s stock valued at $143,000 after buying an additional 172 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Price Performance

Shares of GOOGL stock opened at $253.30 on Monday. The business has a fifty day simple moving average of $231.55 and a 200 day simple moving average of $192.14. The company has a market cap of $3.06 trillion, a P/E ratio of 26.98, a P/E/G ratio of 1.71 and a beta of 1.00. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $256.96.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.16. The firm had revenue of $96.43 billion for the quarter, compared to analysts’ expectations of $93.60 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%. On average, sell-side analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on GOOGL shares. Guggenheim restated a “buy” rating and set a $280.00 price objective (up previously from $210.00) on shares of Alphabet in a research note on Friday. Moffett Nathanson increased their target price on Alphabet from $230.00 to $295.00 and gave the stock a “buy” rating in a report on Thursday, September 25th. Wells Fargo & Company set a $236.00 price target on Alphabet and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. Rosenblatt Securities raised their price target on Alphabet from $191.00 to $224.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 3rd. Finally, Wedbush upped their price objective on shares of Alphabet from $225.00 to $245.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 3rd. Four analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $252.24.

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 2,778 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $245.00, for a total value of $680,610.00. Following the completion of the transaction, the chief accounting officer owned 17,293 shares of the company’s stock, valued at $4,236,785. This represents a 13.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $249.50, for a total transaction of $8,108,750.00. Following the completion of the sale, the chief executive officer owned 2,397,392 shares in the company, valued at $598,149,304. This represents a 1.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 246,150 shares of company stock worth $55,805,379 in the last three months. 11.55% of the stock is owned by corporate insiders.

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.