Sage Private Wealth Group LLC Acquires 415 Shares of Alphabet Inc. $GOOG

Sage Private Wealth Group LLC lifted its holdings in Alphabet Inc. (NASDAQ:GOOG) by 8.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,340 shares of the information services provider’s stock after acquiring an additional 415 shares during the period. Alphabet accounts for approximately 0.6% of Sage Private Wealth Group LLC’s holdings, making the stock its 16th biggest holding. Sage Private Wealth Group LLC’s holdings in Alphabet were worth $947,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in Alphabet by 5.6% in the fourth quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock worth $22,901,000 after purchasing an additional 6,410 shares during the last quarter. Revisor Wealth Management LLC lifted its stake in Alphabet by 107.9% in the first quarter. Revisor Wealth Management LLC now owns 3,659 shares of the information services provider’s stock worth $572,000 after purchasing an additional 1,899 shares during the last quarter. GAMMA Investing LLC lifted its stake in Alphabet by 19.5% in the first quarter. GAMMA Investing LLC now owns 91,681 shares of the information services provider’s stock worth $14,323,000 after purchasing an additional 14,931 shares during the last quarter. Woodmont Investment Counsel LLC lifted its stake in Alphabet by 3.5% in the first quarter. Woodmont Investment Counsel LLC now owns 74,093 shares of the information services provider’s stock worth $11,576,000 after purchasing an additional 2,509 shares during the last quarter. Finally, Canton Hathaway LLC lifted its stake in Alphabet by 25.3% in the first quarter. Canton Hathaway LLC now owns 42,140 shares of the information services provider’s stock worth $6,584,000 after purchasing an additional 8,500 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on GOOG shares. KeyCorp set a $265.00 price objective on shares of Alphabet in a research note on Wednesday, September 3rd. BNP Paribas downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 26th. Oppenheimer reissued an “outperform” rating and issued a $270.00 price objective (up previously from $235.00) on shares of Alphabet in a research note on Wednesday, September 3rd. Citizens Jmp raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 26th. Finally, Hsbc Global Res raised shares of Alphabet to a “strong-buy” rating in a research report on Tuesday, October 7th. Six analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $244.68.

Alphabet Stock Performance

Shares of NASDAQ:GOOG opened at $253.79 on Monday. The firm has a market cap of $3.07 trillion, a PE ratio of 27.03, a price-to-earnings-growth ratio of 1.72 and a beta of 1.00. The firm’s 50 day simple moving average is $232.18 and its 200-day simple moving average is $193.25. Alphabet Inc. has a one year low of $142.66 and a one year high of $257.58. 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, July 23rd. The information services provider reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.19. The business had revenue of $96.43 billion for the quarter, compared to analyst estimates of $93.67 billion. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period last year, the company posted $1.89 earnings per share. As a group, equities analysts predict that Alphabet Inc. will post 8.89 EPS for the current year.

Insider Buying and Selling at Alphabet

In related news, CAO Amie Thuener O’toole sold 2,778 shares of Alphabet stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $245.00, for a total transaction of $680,610.00. Following the transaction, the chief accounting officer directly owned 17,293 shares of the company’s stock, valued at $4,236,785. This trade represents a 13.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director John L. Hennessy sold 1,000 shares of Alphabet stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $200.00, for a total transaction of $200,000.00. Following the transaction, the director directly owned 6,916 shares in the company, valued at approximately $1,383,200. The trade was a 12.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 243,372 shares of company stock valued at $55,110,740. 12.99% 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.