Coordinated Financial Services Inc. Takes $412,000 Position in Alphabet Inc. $GOOGL

Coordinated Financial Services Inc. bought a new position in Alphabet Inc. (NASDAQ:GOOGL) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 2,336 shares of the information services provider’s stock, valued at approximately $412,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Brighton Jones LLC boosted its stake in shares of Alphabet by 3.9% during the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock worth $20,886,000 after purchasing an additional 4,110 shares during the period. Revolve Wealth Partners LLC raised its position in Alphabet by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock worth $2,826,000 after purchasing an additional 506 shares during the period. GAMMA Investing LLC lifted its stake in Alphabet by 10.5% in the first quarter. GAMMA Investing LLC now owns 103,870 shares of the information services provider’s stock worth $16,062,000 after purchasing an additional 9,900 shares during the last quarter. HFG Advisors Inc. boosted its position in shares of Alphabet by 16.8% during the first quarter. HFG Advisors Inc. now owns 2,094 shares of the information services provider’s stock valued at $324,000 after buying an additional 301 shares during the period. Finally, Luken Investment Analytics LLC grew its stake in shares of Alphabet by 22.9% during the first quarter. Luken Investment Analytics LLC now owns 922 shares of the information services provider’s stock valued at $143,000 after buying an additional 172 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Transactions at Alphabet

In related 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 shares were sold at an average price of $245.00, for a total transaction of $680,610.00. Following the completion of the transaction, the chief accounting officer owned 17,293 shares in the company, valued at $4,236,785. The trade was a 13.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John Kent Walker sold 23,820 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $194.70, for a total transaction of $4,637,754.00. Following the sale, the insider directly owned 42,999 shares of the company’s stock, valued at $8,371,905.30. The trade was a 35.65% 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 valued at $55,805,379 in the last 90 days. Insiders own 11.55% of the company’s stock.

Alphabet Trading Up 0.7%

GOOGL opened at $253.30 on Monday. 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 cap of $3.06 trillion, a price-to-earnings ratio of 26.98, a PEG ratio of 1.71 and a beta of 1.00. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $256.96. The stock has a fifty day moving average price of $231.55 and a 200-day moving average price of $192.14.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.16. The company had revenue of $96.43 billion for the quarter, compared to analyst estimates of $93.60 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%. As a group, equities research analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

GOOGL has been the subject of a number of research analyst reports. Bank of America raised their price target on Alphabet from $210.00 to $217.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Oppenheimer reiterated an “outperform” rating and set a $270.00 price objective (up previously from $235.00) on shares of Alphabet in a report on Tuesday, September 2nd. Hsbc Global Res upgraded Alphabet to a “strong-buy” rating in a report on Tuesday, October 7th. Wolfe Research increased their price target on Alphabet from $220.00 to $290.00 in a research report on Tuesday, September 30th. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of Alphabet in a report on Tuesday, October 14th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $252.24.

Alphabet 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.