Evernest Financial Advisors LLC Has $2.96 Million Stock Holdings in Alphabet Inc. $GOOGL

Evernest Financial Advisors LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 10.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,786 shares of the information services provider’s stock after buying an additional 1,570 shares during the quarter. Alphabet accounts for approximately 1.0% of Evernest Financial Advisors LLC’s holdings, making the stock its 23rd biggest holding. Evernest Financial Advisors LLC’s holdings in Alphabet were worth $2,958,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Guardian Wealth Management Inc. grew its position in Alphabet by 242.9% during the 1st quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider’s stock worth $26,000 after acquiring an additional 119 shares during the last quarter. von Borstel & Associates Inc. bought a new stake in Alphabet during the 1st quarter worth approximately $28,000. IMA Advisory Services Inc. bought a new stake in Alphabet during the 1st quarter worth approximately $28,000. NBZ Investment Advisors LLC grew its position in Alphabet by 85.7% during the 1st quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider’s stock worth $30,000 after acquiring an additional 90 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. bought a new stake in Alphabet during the 1st quarter worth approximately $39,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Activity

In other news, insider John Kent Walker sold 23,820 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $194.70, for a total value of $4,637,754.00. Following the transaction, the insider owned 42,999 shares of the company’s stock, valued at $8,371,905.30. This represents a 35.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 2,778 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $245.00, for a total value of $680,610.00. Following the completion of the transaction, the chief accounting officer directly owned 17,293 shares in the company, valued at approximately $4,236,785. This trade represents a 13.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 246,150 shares of company stock valued at $55,805,379 in the last 90 days. 11.55% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have commented on GOOGL. Mizuho set a $295.00 price objective on shares of Alphabet and gave the stock an “outperform” rating in a report on Monday, September 29th. BNP Paribas Exane increased their price objective on shares of Alphabet from $187.00 to $247.00 and gave the stock a “neutral” rating in a report on Tuesday, October 21st. KeyCorp increased their price objective on shares of Alphabet from $230.00 to $265.00 and gave the stock an “overweight” rating in a report on Wednesday, September 3rd. Sanford C. Bernstein increased their price objective on shares of Alphabet from $210.00 to $260.00 and gave the stock a “market perform” rating in a report on Wednesday, October 22nd. Finally, New Street Research increased their price objective on shares of Alphabet from $275.00 to $295.00 in a report on Friday. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $263.55.

Alphabet Stock Up 2.7%

Shares of NASDAQ:GOOGL opened at $259.92 on Monday. The company has a 50 day moving average of $236.72 and a 200-day moving average of $195.85. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a market cap of $3.14 trillion, a price-to-earnings ratio of 27.68, a P/E/G ratio of 1.75 and a beta of 1.00. Alphabet Inc. has a one year low of $140.53 and a one year high of $261.68.

Alphabet Profile

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.