Alphabet Inc. $GOOGL Shares Purchased by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. lifted its holdings in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 0.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,240,320 shares of the information services provider’s stock after purchasing an additional 7,822 shares during the period. Alphabet makes up 2.0% of Johnson Investment Counsel Inc.’s holdings, making the stock its 7th biggest holding. Johnson Investment Counsel Inc.’s holdings in Alphabet were worth $218,582,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Missouri Trust & Investment Co grew its holdings in shares of Alphabet by 0.3% in the second quarter. Missouri Trust & Investment Co now owns 16,916 shares of the information services provider’s stock valued at $2,981,000 after purchasing an additional 55 shares in the last quarter. AM Investment Strategies LLC grew its holdings in shares of Alphabet by 0.9% in the second quarter. AM Investment Strategies LLC now owns 6,477 shares of the information services provider’s stock valued at $1,141,000 after purchasing an additional 57 shares in the last quarter. Bfsg LLC grew its holdings in Alphabet by 0.6% during the 2nd quarter. Bfsg LLC now owns 10,428 shares of the information services provider’s stock worth $1,838,000 after acquiring an additional 59 shares in the last quarter. Financial Council LLC grew its holdings in Alphabet by 1.0% during the 2nd quarter. Financial Council LLC now owns 5,800 shares of the information services provider’s stock worth $1,022,000 after acquiring an additional 60 shares in the last quarter. Finally, Enzi Wealth grew its holdings in Alphabet by 2.5% during the 1st quarter. Enzi Wealth now owns 2,561 shares of the information services provider’s stock worth $408,000 after acquiring an additional 62 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Stock Down 2.4%

GOOGL stock opened at $250.46 on Wednesday. The company has a fifty day moving average price of $233.60 and a 200 day moving average price of $193.31. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $257.33. The company has a market cap of $3.03 trillion, a price-to-earnings ratio of 26.67, a price-to-earnings-growth ratio of 1.74 and a beta of 1.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90.

Alphabet (NASDAQ:GOOGLGet Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, beating the consensus estimate of $2.15 by $0.16. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The firm had revenue of $96.43 billion during the quarter, compared to the consensus estimate of $93.60 billion. Sell-side analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on GOOGL shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Alphabet in a report on Wednesday, October 8th. Westpark Capital boosted their price target on shares of Alphabet from $210.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. BMO Capital Markets set a $294.00 price target on shares of Alphabet and gave the stock an “outperform” rating in a report on Thursday, October 9th. Morgan Stanley set a $270.00 price target on shares of Alphabet and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Finally, Barclays boosted their price target on shares of Alphabet from $235.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, September 3rd. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $257.60.

Read Our Latest Report on Alphabet

Insider Transactions at Alphabet

In related news, Director John L. Hennessy sold 600 shares of the company’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $242.92, for a total value of $145,752.00. Following the completion of the sale, the director owned 5,116 shares in the company, valued at $1,242,778.72. This represents a 10.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frances Arnold sold 103 shares of the business’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $243.13, for a total transaction of $25,042.39. Following the completion of the transaction, the director directly owned 17,284 shares in the company, valued at $4,202,258.92. This represents a 0.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 246,150 shares of company stock worth $55,805,379 over the last 90 days. Company insiders own 11.55% of the company’s stock.

Alphabet Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.