Sincerus Advisory LLC Takes Position in Alphabet Inc. $GOOGL

Sincerus Advisory LLC bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,097 shares of the information services provider’s stock, valued at approximately $212,000.

A number of other hedge funds have also recently modified their holdings of the business. Clearview Wealth Advisors LLC bought a new stake in shares of Alphabet during the 2nd quarter valued at $219,000. Aire Advisors LLC boosted its stake in Alphabet by 2.8% in the 2nd quarter. Aire Advisors LLC now owns 14,710 shares of the information services provider’s stock worth $2,592,000 after purchasing an additional 406 shares in the last quarter. Rockbridge Capital Management LLC boosted its stake in Alphabet by 48.0% in the 2nd quarter. Rockbridge Capital Management LLC now owns 24,699 shares of the information services provider’s stock worth $4,353,000 after purchasing an additional 8,012 shares in the last quarter. Creekside Partners boosted its stake in Alphabet by 1.3% in the 2nd quarter. Creekside Partners now owns 5,657 shares of the information services provider’s stock worth $997,000 after purchasing an additional 74 shares in the last quarter. Finally, WealthPLAN Partners LLC raised its holdings in Alphabet by 21.3% in the second quarter. WealthPLAN Partners LLC now owns 13,791 shares of the information services provider’s stock worth $2,430,000 after buying an additional 2,420 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Price Performance

GOOGL opened at $259.92 on Monday. The company’s 50-day simple moving average is $236.72 and its two-hundred day simple moving average is $195.85. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $261.68. 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 P/E ratio of 27.68, a P/E/G ratio of 1.75 and a beta of 1.00.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Robert W. Baird lifted their target price on shares of Alphabet from $215.00 to $275.00 and gave the stock an “outperform” rating in a report on Monday, September 22nd. Hsbc Global Res raised shares of Alphabet to a “strong-buy” rating in a report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Alphabet in a report on Wednesday, September 3rd. Piper Sandler lifted their target price on shares of Alphabet from $220.00 to $285.00 and gave the stock an “overweight” rating in a report on Thursday, September 18th. Finally, CIBC lifted their target price on shares of Alphabet to $315.00 in a report on Monday, October 20th. 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $263.55.

Insider Activity at Alphabet

In related news, Director John L. Hennessy sold 600 shares of the business’s stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $242.92, for a total transaction of $145,752.00. Following the completion of the sale, the director directly owned 5,116 shares in the company, valued at approximately $1,242,778.72. The trade was a 10.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John Kent Walker sold 17,816 shares of the business’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $247.42, for a total transaction of $4,408,034.72. Following the sale, the insider owned 42,985 shares of the company’s stock, valued at $10,635,348.70. This trade represents a 29.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 246,150 shares of company stock valued at $55,805,379 in the last three months. Corporate insiders own 11.55% of the company’s stock.

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.