RHS Financial LLC Acquires 120 Shares of Alphabet Inc. $GOOGL

RHS Financial LLC grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,009 shares of the information services provider’s stock after buying an additional 120 shares during the quarter. RHS Financial LLC’s holdings in Alphabet were worth $707,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Guardian Wealth Management Inc. grew its stake in shares of Alphabet by 242.9% during the first quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider’s stock valued at $26,000 after buying an additional 119 shares during the last quarter. IMA Advisory Services Inc. bought a new position in shares of Alphabet during the first quarter valued at approximately $28,000. von Borstel & Associates Inc. bought a new position in shares of Alphabet during the first quarter valued at approximately $28,000. NBZ Investment Advisors LLC grew its stake in shares of Alphabet by 85.7% during the first quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider’s stock valued at $30,000 after buying an additional 90 shares during the last quarter. Finally, CarsonAllaria Wealth Management Ltd. boosted its holdings in shares of Alphabet by 36.4% in the second quarter. CarsonAllaria Wealth Management Ltd. now owns 251 shares of the information services provider’s stock valued at $44,000 after purchasing an additional 67 shares during the period. Institutional investors own 40.03% of the company’s stock.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 2,778 shares of the stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $250.05, for a total transaction of $694,638.90. Following the completion of the sale, the chief accounting officer owned 14,516 shares in the company, valued at approximately $3,629,725.80. This represents a 16.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 600 shares of the 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 sale, the director owned 5,116 shares of the company’s stock, valued at approximately $1,242,778.72. This represents a 10.50% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 246,150 shares of company stock worth $55,805,379. Company insiders own 11.64% of the company’s stock.

Alphabet Stock Performance

Shares of GOOGL opened at $253.08 on Friday. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $257.33. The stock has a fifty day moving average price of $235.60 and a 200-day moving average price of $194.45. 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 PE ratio of 26.95, a P/E/G ratio of 1.70 and a beta of 1.00.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data 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 return on equity of 34.31% and a net margin of 31.12%.The firm had revenue of $96.43 billion during the quarter, compared to analyst estimates of $93.60 billion. Equities research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Phillip Securities lowered Alphabet from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, September 8th. Wall Street Zen lowered Alphabet from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. Piper Sandler boosted their price target on Alphabet from $220.00 to $285.00 and gave the company an “overweight” rating in a report on Thursday, September 18th. Royal Bank Of Canada boosted their price target on Alphabet from $220.00 to $260.00 and gave the company an “outperform” rating in a report on Wednesday, September 3rd. Finally, Truist Financial boosted their price target on Alphabet from $225.00 to $285.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $259.12.

About Alphabet

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.