SS&H Financial Advisors Inc. Has $4.54 Million Position in Alphabet Inc. $GOOG

SS&H Financial Advisors Inc. lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 16.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,585 shares of the information services provider’s stock after selling 4,950 shares during the period. Alphabet comprises 1.5% of SS&H Financial Advisors Inc.’s portfolio, making the stock its 14th largest holding. SS&H Financial Advisors Inc.’s holdings in Alphabet were worth $4,539,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its stake in Alphabet by 104.6% during the second quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 15,559 shares of the information services provider’s stock worth $2,760,000 after buying an additional 7,954 shares in the last quarter. Sebold Capital Management Inc. boosted its stake in Alphabet by 9.6% during the second quarter. Sebold Capital Management Inc. now owns 2,818 shares of the information services provider’s stock worth $500,000 after buying an additional 248 shares in the last quarter. Regal Partners Ltd boosted its stake in Alphabet by 6,670.0% during the second quarter. Regal Partners Ltd now owns 246,158 shares of the information services provider’s stock worth $43,666,000 after buying an additional 242,522 shares in the last quarter. Plato Investment Management Ltd boosted its stake in shares of Alphabet by 1.4% in the 2nd quarter. Plato Investment Management Ltd now owns 120,309 shares of the information services provider’s stock valued at $21,263,000 after purchasing an additional 1,679 shares in the last quarter. Finally, Atlas Private Wealth Advisors boosted its stake in shares of Alphabet by 1.6% in the 2nd quarter. Atlas Private Wealth Advisors now owns 20,395 shares of the information services provider’s stock valued at $3,619,000 after purchasing an additional 329 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on GOOG shares. Hsbc Global Res upgraded shares of Alphabet to a “strong-buy” rating in a research note on Tuesday, October 7th. KeyCorp restated an “overweight” rating and issued a $330.00 target price on shares of Alphabet in a research note on Thursday. UBS Group restated a “neutral” rating on shares of Alphabet in a research note on Thursday. Phillip Securities downgraded shares of Alphabet from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, September 8th. Finally, Scotiabank set a $336.00 target price on shares of Alphabet and gave the company a “sector outperform” rating in a research note on Thursday. Five research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $324.81.

Insider Activity

In other Alphabet news, 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 completion of the sale, the insider directly owned 42,985 shares of the company’s stock, valued at approximately $10,635,348.70. The trade was a 29.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Frances Arnold sold 112 shares of the business’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $291.80, for a total value of $32,681.60. Following the sale, the director directly owned 18,004 shares of the company’s stock, valued at $5,253,567.20. This represents a 0.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 222,442 shares of company stock worth $51,200,307. Corporate insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

Alphabet stock opened at $284.12 on Tuesday. The stock has a 50-day simple moving average of $246.09 and a 200 day simple moving average of $202.22. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $291.93. The stock has a market capitalization of $3.44 trillion, a price-to-earnings ratio of 28.02, a P/E/G ratio of 1.86 and a beta of 1.00.

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

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.