Alphabet Inc. (NASDAQ:GOOG) Shares Purchased by Schneider Downs Wealth Management Advisors LP

Schneider Downs Wealth Management Advisors LP raised its stake in Alphabet Inc. (NASDAQ:GOOGGet Rating) by 53.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 313 shares of the information services provider’s stock after purchasing an additional 109 shares during the quarter. Schneider Downs Wealth Management Advisors LP’s holdings in Alphabet were worth $685,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Alphabet by 0.7% in the first quarter. Vanguard Group Inc. now owns 21,192,982 shares of the information services provider’s stock valued at $59,191,787,000 after buying an additional 157,098 shares during the period. BlackRock Inc. increased its position in shares of Alphabet by 1.1% in the fourth quarter. BlackRock Inc. now owns 19,196,177 shares of the information services provider’s stock worth $55,545,866,000 after acquiring an additional 205,225 shares in the last quarter. State Street Corp raised its stake in shares of Alphabet by 0.6% in the 4th quarter. State Street Corp now owns 10,608,366 shares of the information services provider’s stock valued at $30,696,262,000 after acquiring an additional 58,955 shares during the period. Aaron Wealth Advisors LLC lifted its holdings in shares of Alphabet by 492,443.2% during the 1st quarter. Aaron Wealth Advisors LLC now owns 6,476,943 shares of the information services provider’s stock valued at $2,319,000 after acquiring an additional 6,475,628 shares in the last quarter. Finally, Capital World Investors boosted its position in Alphabet by 2.0% during the 1st quarter. Capital World Investors now owns 3,143,633 shares of the information services provider’s stock worth $8,780,439,000 after purchasing an additional 62,329 shares during the period. 1.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GOOG has been the topic of several research reports. Guggenheim cut their price objective on Alphabet to $130.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 27th. Credit Suisse Group set a $143.00 price target on Alphabet in a research report on Tuesday, July 19th. Cowen lowered their price objective on shares of Alphabet from $300.00 to $150.00 in a research report on Monday, July 25th. JPMorgan Chase & Co. set a $140.00 target price on shares of Alphabet in a research report on Thursday, July 21st. Finally, Susquehanna Bancshares lowered their price target on shares of Alphabet from $187.00 to $150.00 in a report on Wednesday, July 27th. One analyst has rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $158.05.

Alphabet Price Performance

GOOG opened at $100.01 on Thursday. The company has a quick ratio of 2.78, a current ratio of 2.81 and a debt-to-equity ratio of 0.06. The company’s 50-day moving average price is $112.83 and its 200 day moving average price is $118.61. Alphabet Inc. has a fifty-two week low of $99.99 and a fifty-two week high of $152.10. The firm has a market cap of $1.30 trillion, a price-to-earnings ratio of 18.61, a price-to-earnings-growth ratio of 1.68 and a beta of 1.08.

Alphabet (NASDAQ:GOOGGet Rating) last announced 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 $1.27 by ($0.06). Alphabet had a return on equity of 28.65% and a net margin of 25.89%. The company had revenue of $57.47 billion for the quarter, compared to analyst estimates of $57.55 billion. During the same quarter in the previous year, the company posted $27.26 earnings per share. As a group, sell-side analysts expect that Alphabet Inc. will post 5.21 earnings per share for the current year.

Insider Activity

In related news, Director Ann Mather sold 20 shares of the stock in a transaction dated 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 sale, the director now owns 565 shares of the company’s stock, valued at approximately $1,346,575.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Alphabet news, CAO Amie Thuener O’toole sold 42 shares of the business’s stock in a transaction on Friday, July 1st. The stock was sold at an average price of $2,166.74, for a total transaction of $91,003.08. Following the completion of the transaction, the chief accounting officer now owns 1,192 shares in the company, valued at approximately $2,582,754.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ann Mather sold 20 shares of Alphabet stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $2,383.32, for a total transaction of $47,666.40. Following the sale, the director now owns 565 shares in the company, valued at $1,346,575.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 44,536 shares of company stock valued at $15,729,998. 12.99% of the stock is currently owned by company insiders.

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:GOOG)

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