Warburton Capital Management LLC Buys 832 Shares of Alphabet Inc. $GOOG

Warburton Capital Management LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 25.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,044 shares of the information services provider’s stock after acquiring an additional 832 shares during the quarter. Alphabet comprises approximately 0.5% of Warburton Capital Management LLC’s portfolio, making the stock its 19th biggest position. Warburton Capital Management LLC’s holdings in Alphabet were worth $794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. RDA Financial Network increased its holdings in Alphabet by 5.3% in the 2nd quarter. RDA Financial Network now owns 11,094 shares of the information services provider’s stock worth $1,968,000 after buying an additional 554 shares in the last quarter. Oldfather Financial Services LLC bought a new stake in Alphabet in the 2nd quarter worth about $213,000. Tower View Wealth Management LLC increased its holdings in Alphabet by 6.9% in the 2nd quarter. Tower View Wealth Management LLC now owns 27,644 shares of the information services provider’s stock worth $4,904,000 after buying an additional 1,776 shares in the last quarter. Dock Street Asset Management Inc. grew its stake in shares of Alphabet by 0.8% during the 2nd quarter. Dock Street Asset Management Inc. now owns 234,306 shares of the information services provider’s stock valued at $41,563,000 after purchasing an additional 1,970 shares during the period. Finally, Truist Financial Corp increased its position in shares of Alphabet by 0.4% during the 2nd quarter. Truist Financial Corp now owns 3,626,927 shares of the information services provider’s stock valued at $643,381,000 after purchasing an additional 15,065 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors.

Insider Activity at Alphabet

In related news, Director John L. Hennessy sold 600 shares of the stock in a transaction on Monday, October 13th. The stock was sold at an average price of $242.92, for a total transaction of $145,752.00. Following the sale, the director owned 5,116 shares in the company, valued at approximately $1,242,778.72. This represents a 10.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider John Kent Walker sold 17,816 shares of the 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 sale, the insider owned 42,985 shares in the company, valued at $10,635,348.70. The trade was a 29.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 246,150 shares of company stock worth $55,805,379 in the last ninety days. Corporate insiders own 12.99% of the company’s stock.

Alphabet Trading Up 2.7%

GOOG stock opened at $260.51 on Friday. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $262.51. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. The company has a market capitalization of $3.15 trillion, a price-to-earnings ratio of 27.74, a PEG ratio of 1.76 and a beta of 1.00. The business has a 50 day simple moving average of $237.33 and a two-hundred day simple moving average of $196.66.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.19. The business had revenue of $96.43 billion for 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 company’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.89 EPS. Research analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Analysts Set New Price Targets

GOOG has been the subject of several research reports. Mizuho raised shares of Alphabet to a “strong-buy” rating in a research report on Monday, September 29th. Pivotal Research upped their price target on shares of Alphabet from $245.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, September 3rd. Scotiabank reaffirmed an “outperform” rating and set a $310.00 price target on shares of Alphabet in a research report on Thursday, October 16th. UBS Group set a $255.00 price target on shares of Alphabet and gave the company a “neutral” rating in a research report on Thursday, October 9th. Finally, Raymond James Financial set a $275.00 price target on shares of Alphabet and gave the company an “outperform” rating in a research report on Friday. Six equities research 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. According to MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and an average target price of $249.68.

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.