Ameritas Advisory Services LLC Acquires 95 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Ameritas Advisory Services LLC lifted its holdings in Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 5.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,866 shares of the information services provider’s stock after buying an additional 95 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Alphabet were worth $5,191,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Blue Chip Partners Inc. raised its holdings in Alphabet by 8.1% during the 1st quarter. Blue Chip Partners Inc. now owns 665 shares of the information services provider’s stock worth $1,850,000 after purchasing an additional 50 shares during the last quarter. Hemington Wealth Management raised its holdings in Alphabet by 43.4% during the 1st quarter. Hemington Wealth Management now owns 317 shares of the information services provider’s stock worth $882,000 after purchasing an additional 96 shares during the last quarter. Dowling & Yahnke LLC raised its holdings in Alphabet by 1.3% during the 1st quarter. Dowling & Yahnke LLC now owns 9,678 shares of the information services provider’s stock worth $26,918,000 after purchasing an additional 123 shares during the last quarter. Oak Harvest Investment Services raised its holdings in Alphabet by 6.7% during the 1st quarter. Oak Harvest Investment Services now owns 3,243 shares of the information services provider’s stock worth $9,019,000 after purchasing an additional 205 shares during the last quarter. Finally, Warren Street Wealth Advisors LLC grew its position in shares of Alphabet by 58.5% during the 1st quarter. Warren Street Wealth Advisors LLC now owns 168 shares of the information services provider’s stock worth $467,000 after buying an additional 62 shares during the period. 41.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of several analyst reports. Jefferies Financial Group decreased their target price on Alphabet from $155.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, July 27th. Susquehanna decreased their target price on Alphabet from $187.50 to $150.00 and set a “positive” rating for the company in a research report on Wednesday, July 27th. Bank of America decreased their target price on Alphabet from $132.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, July 27th. StockNews.com lowered Alphabet from a “buy” rating to a “hold” rating in a research report on Friday, April 29th. Finally, Morgan Stanley boosted their price objective on Alphabet from $140.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, July 27th. Five equities research analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and a consensus price target of $147.36.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 42 shares of the company’s stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $2,298.63, for a total value of $96,542.46. Following the transaction, the chief accounting officer now directly owns 1,181 shares of the company’s stock, valued at approximately $2,714,682.03. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Alphabet news, CAO Amie Thuener O’toole sold 42 shares of the company’s stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $2,298.63, for a total value of $96,542.46. Following the transaction, the chief accounting officer now directly owns 1,181 shares of the company’s stock, valued at approximately $2,714,682.03. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ann Mather sold 20 shares of the company’s stock in a transaction on Monday, June 27th. The shares were sold at an average price of $2,383.32, for a total value of $47,666.40. Following the completion of the transaction, the director now directly owns 565 shares in the company, valued at $1,346,575.80. The disclosure for this sale can be found here. Insiders have sold a total of 42,383 shares of company stock valued at $15,761,666 in the last ninety days. 11.44% of the stock is currently owned by corporate insiders.

Alphabet Stock Down 0.6 %

GOOGL opened at $117.47 on Friday. Alphabet Inc. has a 1-year low of $101.88 and a 1-year high of $151.55. The stock’s fifty day simple moving average is $155.27 and its 200 day simple moving average is $137.96. The company has a current ratio of 2.81, a quick ratio of 2.78 and a debt-to-equity ratio of 0.06. The stock has a market cap of $1.55 trillion, a PE ratio of 21.85, a price-to-earnings-growth ratio of 1.91 and a beta of 1.08.

Alphabet (NASDAQ:GOOGLGet Rating) last posted its quarterly earnings results on Tuesday, July 26th. The information services provider reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.11). Alphabet had a net margin of 25.89% and a return on equity of 28.65%. During the same period in the prior year, the firm posted $27.26 earnings per share. As a group, research analysts expect that Alphabet Inc. will post 5.22 earnings per share for the current year.

Alphabet Company Profile

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Alphabet Inc provides 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 offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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