Taylor Financial Group Inc. Boosts Stock Position in Alphabet Inc. $GOOG

Taylor Financial Group Inc. lifted its position in Alphabet Inc. (NASDAQ:GOOG) by 4.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,225 shares of the information services provider’s stock after purchasing an additional 100 shares during the quarter. Taylor Financial Group Inc.’s holdings in Alphabet were worth $395,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its holdings in Alphabet by 40.6% in the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 13,030 shares of the information services provider’s stock worth $2,311,000 after buying an additional 3,760 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in Alphabet by 20.4% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 938,973 shares of the information services provider’s stock valued at $166,564,000 after acquiring an additional 159,100 shares during the period. Advisory Alpha LLC boosted its holdings in shares of Alphabet by 13.0% in the 2nd quarter. Advisory Alpha LLC now owns 29,374 shares of the information services provider’s stock valued at $5,211,000 after acquiring an additional 3,384 shares during the last quarter. Rossby Financial LCC increased its stake in shares of Alphabet by 4.7% in the second quarter. Rossby Financial LCC now owns 12,051 shares of the information services provider’s stock worth $2,138,000 after acquiring an additional 538 shares during the period. Finally, SYM FINANCIAL Corp raised its holdings in shares of Alphabet by 91.2% during the second quarter. SYM FINANCIAL Corp now owns 3,872 shares of the information services provider’s stock worth $687,000 after purchasing an additional 1,847 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GOOG. KeyCorp set a $265.00 price target on Alphabet in a research report on Wednesday, September 3rd. TD Cowen raised their target price on Alphabet from $270.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Pivotal Research lifted their price target on Alphabet from $245.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, September 3rd. Oppenheimer set a $300.00 price objective on Alphabet and gave the stock an “outperform” rating in a research report on Monday, October 20th. Finally, Raymond James Financial set a $275.00 price objective on shares of Alphabet and gave the stock an “outperform” rating in a research note on Friday, October 24th. Five investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $297.56.

Insider Buying and Selling at Alphabet

In other news, insider John Kent Walker sold 23,820 shares of Alphabet stock in a transaction dated 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 sale, the insider 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $249.50, for a total transaction of $8,108,750.00. Following the transaction, the chief executive officer owned 2,397,392 shares of the company’s stock, valued at approximately $598,149,304. This trade represents a 1.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 246,150 shares of company stock valued at $55,805,379 over the last ninety days. Corporate insiders own 12.99% of the company’s stock.

Alphabet Stock Up 2.5%

Shares of GOOG opened at $275.17 on Thursday. The firm has a market cap of $3.33 trillion, a P/E ratio of 29.30, a PEG ratio of 1.81 and a beta of 1.00. Alphabet Inc. has a 12 month low of $142.66 and a 12 month high of $275.97. The stock’s 50 day moving average is $241.46 and its two-hundred day moving average is $199.27. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.58. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.During the same quarter in the prior year, the business posted $2.12 earnings per share. The company’s quarterly revenue was up 15.9% on a year-over-year basis. Analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

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.