Alphabet Inc. $GOOG Shares Bought by Integrity Financial Corp WA

Integrity Financial Corp WA lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 7.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,699 shares of the information services provider’s stock after buying an additional 684 shares during the period. Alphabet makes up about 0.9% of Integrity Financial Corp WA’s investment portfolio, making the stock its 28th largest holding. Integrity Financial Corp WA’s holdings in Alphabet were worth $1,720,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in GOOG. Brighton Jones LLC lifted its holdings 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 period. Smart Money Group LLC increased its stake in Alphabet by 24.6% during the 1st quarter. Smart Money Group LLC now owns 2,186 shares of the information services provider’s stock valued at $342,000 after buying an additional 432 shares during the period. Forte Asset Management LLC acquired a new stake in shares of Alphabet in the 1st quarter worth approximately $645,000. Cloud Capital Management LLC acquired a new stake in shares of Alphabet in the 1st quarter worth approximately $3,430,000. Finally, Tradewinds LLC. increased its stake in shares of Alphabet by 1.9% during the first quarter. Tradewinds LLC. now owns 44,838 shares of the information services provider’s stock valued at $7,005,000 after acquiring an additional 825 shares during the period. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 2,778 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $245.00, for a total value of $680,610.00. Following the transaction, the chief accounting officer directly owned 17,293 shares of the company’s stock, valued at approximately $4,236,785. This trade represents a 13.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $229.73, for a total value of $7,466,225.00. Following the completion of the transaction, the chief executive officer directly owned 2,429,892 shares in the company, valued at $558,219,089.16. The trade was a 1.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 222,442 shares of company stock valued at $51,200,307 in the last three months. 12.99% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on GOOG. Mizuho set a $325.00 target price on Alphabet in a research report on Thursday. HSBC reiterated a “buy” rating and set a $335.00 price target on shares of Alphabet in a research report on Thursday. Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their target price on Alphabet from $260.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. Finally, Wolfe Research lifted their target price on Alphabet from $290.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Five analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $324.81.

Alphabet Price Performance

Shares of GOOG opened at $284.12 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a market cap of $3.44 trillion, a PE ratio of 28.02, a PEG ratio of 1.86 and a beta of 1.00. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $291.93. The firm’s 50 day moving average price is $246.09 and its 200 day moving average price is $202.22.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.58. The business had revenue of $102.35 billion for the quarter, compared to the consensus estimate of $99.90 billion. Alphabet had a net margin of 32.23% and a return on equity of 36.08%. Alphabet’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the firm earned $2.12 EPS. As a group, research analysts expect that Alphabet Inc. will post 8.89 EPS for the current fiscal 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.