Boyd Watterson Asset Management LLC OH Cuts Stock Position in Alphabet Inc. $GOOG

Boyd Watterson Asset Management LLC OH lessened its stake in Alphabet Inc. (NASDAQ:GOOG) by 0.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,820 shares of the information services provider’s stock after selling 60 shares during the period. Alphabet accounts for approximately 0.9% of Boyd Watterson Asset Management LLC OH’s investment portfolio, making the stock its 28th largest holding. Boyd Watterson Asset Management LLC OH’s holdings in Alphabet were worth $2,984,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. IFS Advisors LLC grew its stake in shares of Alphabet by 400.0% during the second quarter. IFS Advisors LLC now owns 150 shares of the information services provider’s stock worth $27,000 after acquiring an additional 120 shares during the last quarter. Robbins Farley lifted its stake in shares of Alphabet by 60.0% during the second quarter. Robbins Farley now owns 160 shares of the information services provider’s stock worth $28,000 after buying an additional 60 shares during the period. WestEnd Advisors LLC grew its holdings in shares of Alphabet by 58.7% during the second quarter. WestEnd Advisors LLC now owns 165 shares of the information services provider’s stock valued at $29,000 after buying an additional 61 shares during the last quarter. Fairman Group LLC increased its position in shares of Alphabet by 121.3% in the 2nd quarter. Fairman Group LLC now owns 177 shares of the information services provider’s stock valued at $31,000 after acquiring an additional 97 shares during the period. Finally, Greykasell Wealth Strategies Inc. acquired a new position in shares of Alphabet in the 1st quarter valued at $32,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet Stock Performance

GOOG opened at $281.90 on Friday. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $291.93. 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 firm has a market capitalization of $3.41 trillion, a PE ratio of 27.80, a P/E/G ratio of 1.86 and a beta of 1.00. The firm has a 50 day moving average of $243.09 and a two-hundred day moving average of $199.85.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.58. Alphabet had a net margin of 32.23% and a return on equity of 36.08%. The company had revenue of $102.35 billion during the quarter, compared to analyst estimates of $99.90 billion. During the same period last year, the firm posted $2.12 EPS. Alphabet’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current year.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 2,778 shares of the business’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 completion of the transaction, the chief accounting officer directly owned 17,293 shares of the company’s stock, valued at approximately $4,236,785. The trade was a 13.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $249.50, for a total value of $8,108,750.00. Following the completion of the transaction, the chief executive officer directly owned 2,397,392 shares of the company’s stock, valued at $598,149,304. The trade was a 1.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 246,150 shares of company stock valued at $55,805,379. 12.99% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have weighed in on GOOG. Piper Sandler boosted their price target on Alphabet from $285.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday. Raymond James Financial set a $275.00 price objective on Alphabet and gave the stock an “outperform” rating in a research note on Friday, October 24th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $330.00 target price on shares of Alphabet in a report on Thursday. Pivotal Research increased their price target on shares of Alphabet from $300.00 to $350.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Robert W. Baird raised their price target on shares of Alphabet from $215.00 to $275.00 and gave the stock an “outperform” rating in a research report on Monday, September 22nd. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $324.81.

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.