Omnia Family Wealth LLC Boosts Holdings in Alphabet Inc. $GOOGL

Omnia Family Wealth LLC lifted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 13.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,194 shares of the information services provider’s stock after purchasing an additional 1,760 shares during the period. Alphabet accounts for about 1.0% of Omnia Family Wealth LLC’s investment portfolio, making the stock its 18th biggest holding. Omnia Family Wealth LLC’s holdings in Alphabet were worth $2,678,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Missouri Trust & Investment Co lifted its position in shares of Alphabet by 0.3% in the 2nd quarter. Missouri Trust & Investment Co now owns 16,916 shares of the information services provider’s stock worth $2,981,000 after purchasing an additional 55 shares during the period. AM Investment Strategies LLC lifted its position in shares of Alphabet by 0.9% in the 2nd quarter. AM Investment Strategies LLC now owns 6,477 shares of the information services provider’s stock worth $1,141,000 after purchasing an additional 57 shares during the period. Bfsg LLC lifted its position in shares of Alphabet by 0.6% in the 2nd quarter. Bfsg LLC now owns 10,428 shares of the information services provider’s stock worth $1,838,000 after purchasing an additional 59 shares during the period. Financial Council LLC lifted its position in shares of Alphabet by 1.0% in the 2nd quarter. Financial Council LLC now owns 5,800 shares of the information services provider’s stock worth $1,022,000 after purchasing an additional 60 shares during the period. Finally, Enzi Wealth lifted its position in shares of Alphabet by 2.5% in the 1st quarter. Enzi Wealth now owns 2,561 shares of the information services provider’s stock worth $408,000 after purchasing an additional 62 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $249.50, for a total value of $8,108,750.00. Following the completion of the transaction, the chief executive officer directly owned 2,397,392 shares of the company’s stock, valued at approximately $598,149,304. The trade was a 1.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Kent Walker sold 23,820 shares of Alphabet stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $194.70, for a total transaction of $4,637,754.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 246,150 shares of company stock valued at $55,805,379. Insiders own 11.55% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Loop Capital lifted their price target on shares of Alphabet from $190.00 to $260.00 and gave the company a “hold” rating in a research report on Friday. Oppenheimer lifted their price target on shares of Alphabet from $270.00 to $300.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. Morgan Stanley set a $270.00 price target on shares of Alphabet and gave the company an “overweight” rating in a research report on Thursday, October 2nd. Bank of America lifted their price target on shares of Alphabet from $252.00 to $280.00 and gave the company a “buy” rating in a research report on Monday, October 20th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $288.00 price target on shares of Alphabet in a research report on Tuesday, October 14th. Four analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $263.55.

Alphabet Stock Up 2.7%

Shares of Alphabet stock opened at $259.92 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a market capitalization of $3.14 trillion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 1.75 and a beta of 1.00. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $261.68. The company has a 50-day simple moving average of $236.72 and a two-hundred day simple moving average of $195.85.

Alphabet Company 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.