Leavell Investment Management Inc. Has $17.46 Million Stock Position in Alphabet Inc. $GOOG

Leavell Investment Management Inc. decreased its stake in Alphabet Inc. (NASDAQ:GOOG) by 0.3% in the second quarter, HoldingsChannel reports. The firm owned 98,445 shares of the information services provider’s stock after selling 332 shares during the period. Alphabet accounts for 0.8% of Leavell Investment Management Inc.’s holdings, making the stock its 25th biggest position. Leavell Investment Management Inc.’s holdings in Alphabet were worth $17,463,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of GOOG. MorganRosel Wealth Management LLC acquired a new position in shares of Alphabet in the 1st quarter valued at $26,000. IFS Advisors LLC lifted its stake in Alphabet by 400.0% in the 2nd quarter. IFS Advisors LLC now owns 150 shares of the information services provider’s stock worth $27,000 after acquiring an additional 120 shares in the last quarter. Robbins Farley lifted its stake in Alphabet by 60.0% in the 2nd quarter. Robbins Farley now owns 160 shares of the information services provider’s stock worth $28,000 after acquiring an additional 60 shares in the last quarter. WestEnd Advisors LLC lifted its stake in Alphabet by 58.7% in the 2nd quarter. WestEnd Advisors LLC now owns 165 shares of the information services provider’s stock worth $29,000 after acquiring an additional 61 shares in the last quarter. Finally, Fairman Group LLC lifted its stake in Alphabet by 121.3% in the 2nd quarter. Fairman Group LLC now owns 177 shares of the information services provider’s stock worth $31,000 after acquiring an additional 97 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Buying and Selling

In other Alphabet news, Director Frances Arnold sold 103 shares of the stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $243.13, for a total value of $25,042.39. Following the completion of the sale, the director directly owned 17,284 shares of the company’s stock, valued at $4,202,258.92. This represents a 0.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John Kent Walker sold 17,816 shares of the business’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $247.42, for a total transaction of $4,408,034.72. Following the transaction, the insider owned 42,985 shares in the company, valued at approximately $10,635,348.70. The trade was a 29.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold 246,150 shares of company stock valued at $55,805,379 in the last ninety days. Company insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on Alphabet from $260.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday. Robert W. Baird increased their price objective on Alphabet from $215.00 to $275.00 and gave the stock an “outperform” rating in a research note on Monday, September 22nd. Roth Capital reissued a “buy” rating on shares of Alphabet in a research note on Wednesday, July 9th. DA Davidson set a $825.00 price objective on Alphabet in a research note on Monday. Finally, Scotiabank reissued an “outperform” rating and issued a $310.00 price objective on shares of Alphabet in a research note on Thursday, October 16th. Six analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $280.45.

Alphabet Stock Up 3.6%

Shares of GOOG stock opened at $269.93 on Tuesday. The stock’s 50 day simple moving average is $238.65 and its 200 day simple moving average is $197.67. 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 Inc. has a twelve month low of $142.66 and a twelve month high of $270.80. The company has a market capitalization of $3.26 trillion, a price-to-earnings ratio of 28.75, a PEG ratio of 1.76 and a beta of 1.00.

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.