Alphabet Inc. $GOOG Shares Sold by WBH Advisory Inc.

WBH Advisory Inc. lowered its position in Alphabet Inc. (NASDAQ:GOOG) by 4.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,244 shares of the information services provider’s stock after selling 640 shares during the quarter. WBH Advisory Inc.’s holdings in Alphabet were worth $2,349,000 at the end of the most recent quarter.

A number of other institutional 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 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock worth $22,901,000 after buying an additional 6,410 shares in the last quarter. Revisor Wealth Management LLC lifted its holdings in Alphabet by 107.9% in the 1st quarter. Revisor Wealth Management LLC now owns 3,659 shares of the information services provider’s stock worth $572,000 after buying an additional 1,899 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Alphabet by 19.5% in the 1st quarter. GAMMA Investing LLC now owns 91,681 shares of the information services provider’s stock valued at $14,323,000 after purchasing an additional 14,931 shares in the last quarter. Embree Financial Group raised its stake in shares of Alphabet by 6.2% in the 1st quarter. Embree Financial Group now owns 16,007 shares of the information services provider’s stock valued at $2,501,000 after purchasing an additional 935 shares in the last quarter. Finally, Petros Family Wealth LLC raised its stake in shares of Alphabet by 4.5% in the 1st quarter. Petros Family Wealth LLC now owns 14,678 shares of the information services provider’s stock valued at $2,293,000 after purchasing an additional 637 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Price Performance

NASDAQ GOOG opened at $252.53 on Thursday. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $257.88. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. The stock has a market cap of $3.05 trillion, a price-to-earnings ratio of 26.89, a price-to-earnings-growth ratio of 1.70 and a beta of 1.00. The company has a 50-day moving average price of $235.22 and a two-hundred day moving average price of $194.81.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data 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 business had revenue of $96.43 billion during the quarter, compared to analysts’ expectations of $93.67 billion. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The business’s revenue was up 13.8% on a year-over-year basis. During the same period last year, the firm posted $1.89 earnings per share. Analysts forecast that Alphabet Inc. will post 8.89 EPS for the current year.

Analysts Set New Price Targets

GOOG has been the topic of a number of recent analyst reports. Cowen restated a “buy” rating on shares of Alphabet in a research note on Wednesday, October 8th. KeyCorp set a $265.00 target price on shares of Alphabet in a research note on Wednesday, September 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a research note on Wednesday, October 8th. Barclays restated a “buy” rating on shares of Alphabet in a research note on Wednesday, July 9th. Finally, Morgan Stanley upped their target price on shares of Alphabet from $210.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, October 2nd. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $246.26.

Insider Activity

In other news, insider John Kent Walker sold 23,820 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $194.70, for a total value of $4,637,754.00. Following the completion of the transaction, the insider directly owned 42,999 shares in the company, valued at $8,371,905.30. This trade represents a 35.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction 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 trade represents a 13.84% 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 three months. Corporate insiders own 12.99% of the company’s stock.

About Alphabet

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.