BetterWealth LLC Has $449,000 Stake in Alphabet Inc. (NASDAQ:GOOG)

BetterWealth LLC increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGGet Rating) by 1,846.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,671 shares of the information services provider’s stock after purchasing an additional 4,431 shares during the quarter. Alphabet comprises about 0.2% of BetterWealth LLC’s portfolio, making the stock its 24th biggest position. BetterWealth LLC’s holdings in Alphabet were worth $449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Ignite Planners LLC increased its position in Alphabet by 4.7% during the 2nd quarter. Ignite Planners LLC now owns 134 shares of the information services provider’s stock worth $320,000 after purchasing an additional 6 shares in the last quarter. Financial Advisors Network Inc. boosted its stake in Alphabet by 4.5% during the first quarter. Financial Advisors Network Inc. now owns 161 shares of the information services provider’s stock worth $450,000 after acquiring an additional 7 shares in the last quarter. Turim 21 Investimentos Ltda. raised its holdings in Alphabet by 10.8% during the first quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock worth $229,000 after buying an additional 8 shares during the last quarter. McAdam LLC raised its holdings in Alphabet by 2.8% during the second quarter. McAdam LLC now owns 294 shares of the information services provider’s stock worth $643,000 after buying an additional 8 shares during the last quarter. Finally, West Michigan Advisors LLC raised its holdings in shares of Alphabet by 3.7% in the first quarter. West Michigan Advisors LLC now owns 252 shares of the information services provider’s stock valued at $704,000 after purchasing an additional 9 shares during the last quarter. 28.69% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GOOG has been the subject of several analyst reports. UBS Group set a $115.00 target price on shares of Alphabet in a report on Thursday, January 12th. Cowen reduced their price target on shares of Alphabet from $135.00 to $125.00 and set an “outperform” rating for the company in a research report on Wednesday, January 11th. Jefferies Financial Group set a $125.00 price target on shares of Alphabet in a research report on Monday, January 9th. Credit Suisse Group set a $128.00 price target on shares of Alphabet in a research report on Wednesday, October 26th. Finally, The Goldman Sachs Group set a $135.00 target price on shares of Alphabet in a research report on Friday, November 18th. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and an average target price of $140.56.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 855 shares of Alphabet stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $91.15, for a total transaction of $77,933.25. Following the transaction, the chief accounting officer now directly owns 25,122 shares of the company’s stock, valued at $2,289,870.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Amie Thuener O’toole sold 855 shares of Alphabet stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $91.15, for a total value of $77,933.25. Following the transaction, the chief accounting officer now directly owns 25,122 shares of the company’s stock, valued at $2,289,870.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ann Mather sold 280 shares of Alphabet stock in a transaction on Tuesday, October 25th. The stock was sold at an average price of $103.23, for a total transaction of $28,904.40. Following the completion of the transaction, the director now directly owns 11,200 shares in the company, valued at $1,156,176. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 1,461,702 shares of company stock valued at $36,999,217 and have sold 190,744 shares valued at $8,564,640. Insiders own 12.99% of the company’s stock.

Alphabet Trading Up 5.7 %

Shares of GOOG opened at $99.28 on Friday. The firm’s 50 day simple moving average is $93.52 and its 200 day simple moving average is $102.16. The company has a market capitalization of $1.28 trillion, a P/E ratio of 19.72, a P/E/G ratio of 1.63 and a beta of 1.08. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.52 and a quick ratio of 2.47. Alphabet Inc. has a 1-year low of $83.45 and a 1-year high of $152.10.

Alphabet (NASDAQ:GOOGGet Rating) last announced its earnings results on Tuesday, October 25th. The information services provider reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.19). The company had revenue of $69.09 billion during the quarter, compared to analysts’ expectations of $70.67 billion. Alphabet had a net margin of 23.75% and a return on equity of 26.41%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.40 earnings per share. Sell-side analysts forecast that Alphabet Inc. will post 4.68 earnings per share for the current fiscal year.

About Alphabet

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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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