Alphabet Inc. $GOOG Shares Sold by Liberty One Investment Management LLC

Liberty One Investment Management LLC trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 3.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,514 shares of the information services provider’s stock after selling 225 shares during the quarter. Liberty One Investment Management LLC’s holdings in Alphabet were worth $978,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Mid American Wealth Advisory Group Inc. raised its stake in shares of Alphabet by 77.4% during the 2nd quarter. Mid American Wealth Advisory Group Inc. now owns 3,134 shares of the information services provider’s stock worth $556,000 after buying an additional 1,367 shares during the period. LGT Financial Advisors LLC acquired a new position in shares of Alphabet during the 2nd quarter worth approximately $37,000. VCI Wealth Management LLC raised its stake in shares of Alphabet by 11.4% during the 2nd quarter. VCI Wealth Management LLC now owns 38,248 shares of the information services provider’s stock worth $6,785,000 after buying an additional 3,909 shares during the period. Klingman & Associates LLC raised its stake in shares of Alphabet by 1.9% during the 2nd quarter. Klingman & Associates LLC now owns 26,660 shares of the information services provider’s stock worth $4,729,000 after buying an additional 492 shares during the period. Finally, Phoenix Financial Ltd. raised its stake in shares of Alphabet by 23.0% during the 2nd quarter. Phoenix Financial Ltd. now owns 1,000,895 shares of the information services provider’s stock worth $177,541,000 after buying an additional 186,894 shares during the period. 27.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 2,778 shares of the company’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $250.05, for a total value of $694,638.90. Following the completion of the sale, the chief accounting officer directly owned 14,516 shares in the company, valued at $3,629,725.80. This represents a 16.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Kent Walker sold 17,816 shares of the company’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $247.42, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 246,150 shares of company stock worth $55,805,379 over the last quarter. Corporate insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Alphabet in a research report on Wednesday, October 8th. Robert W. Baird boosted their price target on Alphabet from $215.00 to $275.00 and gave the stock an “outperform” rating in a research report on Monday, September 22nd. UBS Group set a $255.00 price target on Alphabet and gave the stock a “neutral” rating in a research report on Thursday, October 9th. Piper Sandler reiterated a “neutral” rating on shares of Alphabet in a research report on Wednesday, July 9th. Finally, TD Cowen boosted their price target on Alphabet from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Six investment 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $246.26.

Alphabet Stock Up 0.5%

Shares of NASDAQ:GOOG opened at $253.73 on Friday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. The business has a fifty day moving average of $236.22 and a two-hundred day moving average of $195.53. The stock has a market cap of $3.07 trillion, a P/E ratio of 27.02, a PEG ratio of 1.70 and a beta of 1.00. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $257.88.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.19. The company had revenue of $96.43 billion during the quarter, compared to analysts’ expectations of $93.67 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.The firm’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.89 EPS. On average, research analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current year.

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.